Core Scientific, Inc. (CORZ)
| Market Cap | 4.82B |
| Revenue (ttm) | 557.68M |
| Net Income (ttm) | -1.13B |
| Shares Out | 279.25M |
| EPS (ttm) | -3.97 |
| PE Ratio | n/a |
| Forward PE | 32.62 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 10,168,538 |
| Open | 17.08 |
| Previous Close | 16.47 |
| Day's Range | 16.75 - 17.64 |
| 52-Week Range | 2.61 - 18.03 |
| Beta | n/a |
| Analysts | Strong Buy |
| Price Target | 18.58 (+7.65%) |
| Earnings Date | Nov 6, 2024 |
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]
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 StatementsAnalyst Forecast
According to 12 analysts, the average rating for CORZ stock is "Strong Buy." The 12-month stock price forecast is $18.58, which is an increase of 7.65% from the latest price.
News
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. ...
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...
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...
Core Scientific, Inc. (CORZ) Q3 2024 Earnings Call Transcript
Core Scientific, Inc. (CORZ) Q3 2024 Earnings Call Transcript
Core Scientific Announces Fiscal Third Quarter 2024 Results
AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces Fiscal Third Quarter 2024 Results.
Core Scientific Announces October 2024 Production and Operations Updates
AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces October 2024 Production and Operations Updates.
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.
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.
Core Scientific Announces September 2024 Production and Operations Updates
AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces September 2024 Production and Operations Updates.
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...
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.
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...
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...
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.
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.
Core Scientific Announces CFO Transition Plan
AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces CFO Transition Plan.
Core Scientific Announces August 2024 Production and Operations Updates
AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces August 2024 Production and Operations Updates.
Executives Buying Core Scientific And 2 Other Stocks
Although U.S. stocks closed mixed on Wednesday, there were a few notable insider trades.
Core Scientific, Inc. to Participate in September Investor Conferences
AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific, Inc. to Participate in September Investor Conferences.
Core Scientific Strengthens Balance Sheet and Supports Growth Plans with Proceeds from Recent Convertible Notes Offering
AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Strengthens Balance Sheet and Supports Growth Plans with Proceeds from Recent Convertible Notes Offering.
Core Scientific Prices Upsized $400 Million Convertible Senior Notes Offering
AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Prices Upsized $400 Million Convertible Senior Notes Offering.
Core Scientific, Inc. to Participate in the 44th Annual Cannacord Genuity Growth Conference
AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific, Inc. to Participate in the 44th Annual Cannacord Genuity Growth Conference.
Core Scientific: Deserves Better As HPC Moves Into High Gear
Despite having seen its share price fluctuating alongside Bitcoin since the halving event, Core Scientific has nonetheless delivered a net upside of 200%. Still, it is underpriced based on potential r...
Core Scientific Announces Proposed Convertible Senior Notes Offering
AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces Proposed Convertible Senior Notes Offering.
Core Scientific, Inc. (CORZ) Q2 2024 Earnings Call Transcript
Core Scientific, Inc. (NASDAQ:CORZ) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Steve Gitlin – Senior Vice President, Investor Relations Adam Sullivan – Chief Exec...