Core Scientific, Inc. (CORZ)

NASDAQ: CORZ · IEX Real-Time Price · USD
10.26
+0.41 (4.16%)
At close: Jul 2, 2024, 4:00 PM
10.31
+0.05 (0.49%)
After-hours: Jul 2, 2024, 7:58 PM EDT
4.16%
Market Cap 1.82B
Revenue (ttm) 561.04M
Net Income (ttm) -35.41M
Shares Out 177.78M
EPS (ttm) 0.13
PE Ratio 78.92
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 14,266,527
Open 9.79
Previous Close 9.85
Day's Range 9.65 - 10.50
52-Week Range 2.61 - 10.70
Beta n/a
Analysts Strong Buy
Price Target 12.25 (+19.4%)
Earnings Date Aug 13, 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]

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

Financial Performance

In 2023, CORZ'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 4 analysts, the average rating for CORZ stock is "Strong Buy." The 12-month stock price forecast is $12.25, which is an increase of 19.40% from the latest price.

Price Target
$12.25
(19.40% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Top Holding in Bitcoin Miners ETFs Grows Infrastructure Deal

A top holding in bitcoin miners ETFs has announced it will provide additional infrastructure to CoreWeave as part of an existing deal. Core Scientific (CORZ) struck a deal with CoreWeave, the AI Hyper...

6 days ago - ETF Trends

Core Scientific Announces New Contract with CoreWeave for Delivery of Approximately 70 MW of Additional Infrastructure to Host High-Performance Computing Operations

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces New Contract with CoreWeave for Approximately 70 MW of Additional HPC Infrastructure.

7 days ago - Business Wire

Bitcoin Miner Core Scientific's Stock Soars On AI Expansion Plans

Artificial intelligence (AI) is hungry for computing power, and bitcoin miners willing to repurpose their infrastructure stand to profit handsomely.

20 days ago - Forbes

Core Scientific, Inc. to Webcast Investor and Analyst Presentation

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific, Inc. to Webcast Investor and Analyst Presentation.

22 days ago - Business Wire

Bitcoin miner Core Scientific rejects buyout offer from CoreWeave

Bitcoin miner Core Scientific on Thursday rejected an all-cash offer from Nvidia-backed specialized cloud provider CoreWeave, saying that the offer undervalues the company.

26 days ago - Reuters

Core Scientific Rejects Unsolicited Proposal from CoreWeave

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Rejects Unsolicited Proposal from CoreWeave.

26 days ago - Business Wire

Core Scientific Announces May 2024 Production and Operations Updates

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

27 days ago - Business Wire

Is Core Scientific stock a ‘buy' after $1 billion bid from CoreWeave?

Core Scientific Inc (NASDAQ: CORZ) is up 40% on Tuesday following a report that CoreWeave wants to take over the Bitcoin miner for just over $1.0 billion. Core Scientific stock could climb another 20%...

4 weeks ago - Invezz

Core Scientific's stock pops as company will help hot AI player host Nvidia chips

A company best known for its bitcoin-mining technology is seeing its stock get a huge boost after announcing a deal with a hot private artificial-intelligence company — and there's an Nvidia Corp. lin...

Other symbols: NVDA
4 weeks ago - Market Watch

Core Scientific to Provide Approximately 200 MW of Infrastructure to Host CoreWeave's High-Performance Computing Services, Capturing Significant AI Compute Opportunity

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific to Provide Approximately 200 MW of Infrastructure to Host CoreWeave's High-Performance Computing Services.

4 weeks ago - Business Wire

Bitcoin miners are shifting to AI

CNBC's Mackenzie Sigalos joins 'Power Lunch' to discuss bitcoin miners getting into AI.

Other symbols: BTBTHIVEHUT
4 weeks ago - CNBC Television

Core Scientific, Inc. to Participate in 19th Annual Needham Technology, Media, & Consumer Conference

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific, Inc. to Participate in 19th Annual Needham Technology, Media, & Consumer Conference.

6 weeks ago - Business Wire

Core Scientific Announces Fiscal First Quarter 2024 Results

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

7 weeks ago - Business Wire

Core Scientific Announces April 2024 Production and Operations Updates

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

2 months ago - Business Wire

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

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

2 months ago - Business Wire

Core Scientific to Expand its Denton, Texas Bitcoin Mining Data Center by 72 Megawatts

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific to Expand its Denton, Texas Bitcoin Mining Data Center by 72 Megawatts.

2 months ago - Business Wire

Core Scientific Files Registration Statement for Shares Held by Existing Shareholders

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #bitcoin--Core Scientific Files Registration Statement for Shares Held by Existing Shareholders.

2 months ago - Business Wire

Core Scientific Announces March 2024 Production and Operations Updates

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

3 months ago - Business Wire

Core Scientific Announces Fiscal Fourth Quarter and Full Fiscal Year 2023 Results

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #ai--Core Scientific Announces Fiscal Fourth Quarter and Full Fiscal Year 2023 Results.

4 months ago - Business Wire

Core Scientific to Provide CoreWeave up to 16 MW of Data Center Infrastructure to Support AI and HPC Workloads in Long Term Hosting Contract with Potential Revenue of More than $100 Million

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #AmazonWebServices--Core Scientific to Provide CoreWeave up to 16 MW of Data Center Infrastructure to Support AI and HPC in Long Term Hosting Contract.

4 months ago - Business Wire

Trinity Capital Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Record Quarterly Net Investment Income of $25.1 Million in Q4 Record Annual Net Investment Income of $89.9 Million in 2023 Return on Average Equity Hits 16.9% in Q4 PHOENIX, March 6, 2024 /PRNewswire/...

Other symbols: TRIN
4 months ago - PRNewsWire

Core Scientific, Inc. Schedules Full Fiscal Year 2023 Earnings Release, Conference Call and Webcast

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #bitcoin--Core Scientific, Inc. Schedules Full Fiscal Year 2023 Earnings Release, Conference Call and Webcast.

4 months ago - Business Wire

Core Scientific Announces February 2024 Production and Operations Updates

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

4 months ago - Business Wire

Core Scientific Announces January 2024 Production and Operations Updates

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

5 months ago - Business Wire

Core Scientific, Inc. Emerges from Chapter 11 with Strengthened Balance Sheet and Enhanced Competitive Position

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #bitcoin--Core Scientific, Inc. Emerges from Chapter 11 with Strengthened Balance Sheet and Enhanced Competitive Position.

5 months ago - Business Wire