Core Scientific Inc (CORZ)

Core Scientific's stock has gained approximately 19.6% to 10.75% in the past six months and over 151% in the past year, with a year-to-date increase of 53.57%. Key events include a $347.2 million net loss reported in Q1 2026 due to non-cash impairment charges, despite revenue increasing to $115.2 million. The strategic shift to AI/HPC, expansion plans in Oklahoma and Texas, and a $3.3 billion financing round have also impacted the stock. Insider trading events include an officer selling 10,000 shares and another insider purchasing 7,000 shares.

Core Scientific's demand seasonality is evolving with its business model transition. Historically, digital asset mining was influenced by cryptocurrency market seasonality, particularly Bitcoin's halving events. With the focus on AI/HPC colocation, demand may align with broader data center and AI infrastructure trends, showing strong, potentially less seasonal demand, though project timelines could introduce cyclical elements.

Core Scientific, Inc. (CORZ) is a digital infrastructure provider shifting from Bitcoin mining to GPU cloud and colocation for AI and HPC. It operates in the Technology sector, focusing on Software - Infrastructure, Fintech & Infrastructure, and Data Processing Services. Its services include Digital Asset Self-Mining, Digital Asset Hosted Mining, and Colocation. The company anticipates increased revenue from high-density compute services for AI workloads.

Core Scientific operates 10 data centers across seven U.S. states: Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma, and Texas. The company's corporate headquarters are in Dover, Delaware.

Core Scientific's brand reputation has been positively influenced by its strategic pivot to AI and HPC colocation services, despite a net loss in Q1 2026. Emerging from Chapter 11 bankruptcy in January 2024 and expansion plans in the AI infrastructure space have further bolstered its reputation.

Core Scientific's ownership includes institutional, insider, and retail investors. Top institutional holders include Vanguard Group Inc, Situational Awareness LP, Pentwater Capital Management LP, and BlackRock, Inc. Adam Taylor Sullivan is the largest individual shareholder, owning 4.47 million shares, representing 1.42% of the company.