Core Scientific, Inc. (CORZ)

NASDAQ: CORZ · Real-Time Price · USD
15.00
+0.37 (2.53%)
At close: Jan 17, 2025, 4:00 PM
15.06
+0.06 (0.40%)
After-hours: Jan 17, 2025, 7:21 PM EST
2.53%
Market Cap 4.19B
Revenue (ttm) 557.68M
Net Income (ttm) -1.13B
Shares Out 279.25M
EPS (ttm) -3.97
PE Ratio n/a
Forward PE 34.58
Dividend n/a
Ex-Dividend Date n/a
Volume 8,843,081
Open 14.96
Previous Close 14.63
Day's Range 14.88 - 15.42
52-Week Range 2.61 - 18.63
Beta n/a
Analysts Strong Buy
Price Target 18.67 (+24.47%)
Earnings Date Mar 11, 2025

About CORZ

Core Scientific, Inc. provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers’ digital asset mining equipment. In addition, the company provides electrical ... [Read more]

Sector Technology
Founded 2017
Employees 286
Stock Exchange NASDAQ
Ticker Symbol CORZ
Full Company Profile

Financial Performance

In 2023, Core Scientific's revenue was $502.40 million, a decrease of -21.54% compared to the previous year's $640.31 million. Losses were -$246.49 million, -88.52% less than in 2022.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for CORZ stock is "Strong Buy." The 12-month stock price forecast is $18.67, which is an increase of 24.47% from the latest price.

Price Target
$18.67
(24.47% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Core Scientific: Higher Digital Asset Prices And Making Progress On Debt

Core Scientific's strategic pivot to high-performance computing (HPC) has driven significant stock appreciation, despite volatility and challenges in the Bitcoin mining market.

8 days ago - Seeking Alpha

Core Scientific Announces Strategic Marketing Hire to Accelerate Growth and Brand Leadership

AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for high-performance computing and digital asset mining, t...

11 days ago - Business Wire

Core Scientific Announces December 2024 Production and Operations Updates

AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or “the Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, today r...

14 days ago - Business Wire

Core Scientific CEO on the crypto mining company's AI ambitions

Core Scientific CEO Adam Sullivan discusses the company's AI ambitions.

4 weeks ago - CNBC Television

Core Scientific finds a balance in bitcoin mining and AI: CEO

Some bitcoin (BTC-USD) miners are shifting into artificial intelligence (AI) and selling their existing power to AI data centers as Big Tech companies look for power sources capable of meeting the ene...

4 weeks ago - Yahoo Finance

Core Scientific Announces November 2024 Production and Operations Updates

AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, today r...

6 weeks ago - Business Wire

Core Scientific Prices Upsized $550 Million Convertible Senior Notes Offering

AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific, Inc. (NASDAQ: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today a...

6 weeks ago - Business Wire

Core Scientific Announces Proposed Convertible Senior Notes Offering

AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific, Inc. (NASDAQ: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today a...

7 weeks ago - Business Wire

The Big 3: CORZ, SMCI, RTX

Ahead of Nvidia's (NVDA) earnings, today's Big 3 turns to the tech trade. Kenny Polcari and Oliver Renick break down the bullish factors behind Core Scientific (CORZ), Supermicro (SMCI) and RTX Corp. ...

Other symbols: RTXSMCI
2 months ago - Schwab Network

Core Scientific Announces Approval of Lease Amendments with the City of Denton to Enable High-Performance Computing Expansion

DENTON, Texas--(BUSINESS WIRE)--Core Scientific Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, today an...

2 months ago - Business Wire

Core Scientific and Port Muskogee Break Ground on 100 MW HPC Data Center

MUSKOGEE, Okla.--(BUSINESS WIRE)--Core Scientific Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, CoreWe...

2 months ago - Business Wire

Core Scientific, Inc. (CORZ) Q3 2024 Earnings Call Transcript

Core Scientific, Inc. (CORZ) Q3 2024 Earnings Call Transcript

2 months ago - Seeking Alpha

Core Scientific Announces Fiscal Third Quarter 2024 Results

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces Fiscal Third Quarter 2024 Results.

2 months ago - Business Wire

Core Scientific Announces October 2024 Production and Operations Updates

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces October 2024 Production and Operations Updates.

2 months ago - Business Wire

Core Scientific, Inc. Schedules Third Quarter Fiscal Year 2024 Earnings Release, Conference Call and Webcast

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific, Inc. Schedules Third Quarter Fiscal Year 2024 Earnings Release, Conference Call and Webcast.

2 months ago - Business Wire

Core Scientific Announces Exercise of Final Contract Option by CoreWeave for Delivery of Approximately 120 MW of Additional Digital Infrastructure to Host High-Performance Computing Operations

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces Exercise of Final Contract Option by CoreWeave for 120 MW of Additional Digital Infrastructure to Host HPC.

3 months ago - Business Wire

Core Scientific Announces September 2024 Production and Operations Updates

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces September 2024 Production and Operations Updates.

3 months ago - Business Wire

12 Stocks To Profit From The Boom In Data Centers And Artificial Intelligence

Amazon recently announced that it will invest several billions more in UK-based data centers. In the AI server space, Dell Technologies and Super Micro have also benefited from the data center boom, u...

3 months ago - Seeking Alpha

Struggling bitcoin miners may be revived by Fed rate decision, regardless of cut size

Whether the Federal Reserve delivers a 25 or 50 basis point rate cut, it could mean a turnaround for bitcoin miners, which have been struggling so far this year, market participants said.

Other symbols: HUTMARARIOTWULF
4 months ago - Market Watch

Core Scientific CEO Adam Sullivan on why the company has embraced AI

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and un...

4 months ago - CNBC Television

Core Scientific Focuses on Data Centers After Bankruptcy

Adam Sullivan, CEO of Core Scientific, on the pivot from bitcoin to HPC -------- Get more on the Bloomberg Businessweek Podcast On Apple: http://bit.ly/3IPl60i On Spotify: http://bit.ly/3WGFd6B Anywhe...

4 months ago - Bloomberg Markets and Finance

Core Scientific CEO on overlap between AI and crypto

Adam Sullivan, Core Scientific CEO, joins 'Fast Money' to talk the crypto space, AI, and the upcoming election.

4 months ago - CNBC Television

Core Scientific Announces Extension of CoreWeave Option for 118 Megawatts of Infrastructure to Support High-Performance Computing

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces Extension of CoreWeave Option for 118 Megawatts of Infrastructure to Support High-Performance Computing.

4 months ago - Business Wire

Core Scientific Announces CFO Transition Plan

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces CFO Transition Plan.

4 months ago - Business Wire

Core Scientific Announces August 2024 Production and Operations Updates

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces August 2024 Production and Operations Updates.

4 months ago - Business Wire