Core Scientific Inc (CORZ)

Core Scientific's stock has experienced significant events, including emergence from bankruptcy in January 2024 and a proposed acquisition by CoreWeave in July 2025. The merger has faced opposition due to undervaluation concerns. Supplemental disclosures were released in October 2025 following shareholder lawsuits. The stock price climbed to the $18–$20 range in October 2025 but experienced a sell-off due to crypto market weakness and uncertainty surrounding the CoreWeave deal. Q3 2025 revenue was $81.1 million, falling short of expectations, with a net loss of $146.7 million. Cantor Fitzgerald raised its price target to $26.00, maintaining an Overweight rating.

Demand seasonality for Core Scientific is influenced by digital asset mining and high-performance computing (HPC) and AI. Demand for digital asset mining fluctuates with cryptocurrency market conditions, while demand for HPC and AI is driven by continuous growth in the AI industry. The company expects to rapidly increase revenue derived from high-density compute, indicating a move towards a less seasonal and more predictable revenue stream.

Core Scientific, Inc. specializes in high-density colocation services and digital asset mining, operating dedicated facilities primarily for Bitcoin mining. The company is pivoting to support AI and HPC workloads, anticipating increased revenue from high-density compute services. Core Scientific is classified within the Technology sector, specifically the Software industry, and also operates within Blockchain & Cryptocurrency.

Core Scientific operates nine data centers across the United States, located in Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma, and Texas. The company's contracted gross power footprint is approximately 1.3 GW, with potential for an additional 1 GW of expansion.

Core Scientific's brand reputation has been shaped by its emergence from bankruptcy, strategic pivot towards AI/HPC, and the proposed acquisition by CoreWeave. Exiting bankruptcy improved its standing, while the shift to AI/HPC enhanced its reputation as a forward-looking provider. The CoreWeave acquisition has generated mixed reactions due to undervaluation concerns and potential customer concentration risk. The company's stock price has been affected by market volatility and rumors.

Core Scientific, Inc. has a diverse ownership structure, including institutional, retail, and individual investors. Vanguard Group Inc. is the largest institutional shareholder, followed by BlackRock, Inc. Adam Taylor Sullivan is the largest individual shareholder, owning 1.47% of the company. Approximately 86.96% of the company's stock is owned by institutional shareholders, 6.57% by insiders, and 6.47% by retail investors.