Core Scientific Inc

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Core Scientific excels in Q1 earnings, eyes HPC expansion

Core Scientific's Q1 2024 Earnings Call highlighted robust financial performance, strategic infrastructure investments, and a focus on growth funding. The company aims to secure prepayments from clients for future growth funding and targets high EBITDA margins. With a strong market position in bitcoin mining, Core Scientific is poised for continued growth and expansion.

Core Scientific reports robust Q2 revenue, eyes growth in digital infrastructure

Core Scientific's Q2 performance reflects strong revenue generation and operational progress, despite a significant net loss driven by mark-to-market adjustments.
The company's strategic focus on digital infrastructure for bitcoin mining and HPC hosting positions it well for future growth and innovation.
To capitalize on opportunities and address challenges, Core Scientific is actively pursuing debt reduction, liquidity enhancement, and strategic growth initiatives.

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Core Scientific, Inc. engages in the business of operating a purpose-built facility for digital asset mining and provision of blockchain infrastructure, software solutions, and services. It operates under the Mining and Hosting segments. The Mining segment focuses on bitcoin mining for the company's own account. The Hosting segment includes blockchain infrastructure and third-party hosting business. The company was founded by Michael Jeffrey Levitt and Darin Feinstein on December 13, 2017 and is headquartered in Dover, DE.

Core Scientific, Inc. (CORZ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Core Scientific, Inc. (CORZ) a New Buy Stock

Core Scientific, Inc. (CORZ) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Recent Price Trend in Core Scientific, Inc. (CORZ) is Your Friend, Here's Why

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Strengthens Balance Sheet and Supports Growth Plans with Proceeds from Recent Convertible Notes Offering.

Core Scientific Strengthens Balance Sheet and Supports Growth Plans with Proceeds from Recent Convertible Notes Offering

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Prices Upsized $400 Million Convertible Senior Notes Offering.

Core Scientific Prices Upsized $400 Million Convertible Senior Notes Offering

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific, Inc. to Participate in the 44th Annual Cannacord Genuity Growth Conference.

Core Scientific, Inc. to Participate in the 44th Annual Cannacord Genuity Growth Conference

Core Scientific, Inc.

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 revenues to be obtained from HPC or High-Performance Computing leasing. Also, volatility is likely to continue in the short term due to predominant exposure to digital assets, but the strong operational performance and HPC focus are key advantages.

Core Scientific: Deserves Better As HPC Moves Into High Gear

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 Executive Officer Denise Sterling – Chief Financial Officer Conference Call Participants Greg Lewis – BTIG Lucas Pipes – B. Riley Securities Joe Flynn – Compass Point Research Brett Knoblauch – Cantor Fitzgerald Joseph Vafi – Canaccord Genuity Darren Aftahi – Roth Capital Partners Rosemarie Sison – Odeon Capital Kevin Dede – H.C.

Core Scientific, Inc. (CORZ) Q2 2024 Earnings Call Transcript

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

Core Scientific Announces Fiscal Second Quarter 2024 Results

The mean of analysts' price targets for Core Scientific, Inc. (CORZ) points to a 51.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Core Scientific, Inc. (CORZ) Could Surge 51.49%: Read This Before Placing a Bet

Bitcoin miner Core Scientific announced plans to significantly expand its AI business through a partnership with cloud provider CoreWeave. The deal is expected to add revenue of $6.7 billion over 12 years.

Bitcoin miner Core Scientific rides AI from bankruptcy to $6.7 billion partnership in eight months

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces Exercise of Contract Option by CoreWeave for Approximately 112 MW of Additional Infrastructure to Host HPC Operations.

Core Scientific Announces Exercise of Additional Contract Option by CoreWeave for Delivery of Approximately 112 MW of Additional Infrastructure to Host High-Performance Computing Operations

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Bitcoin price unraveled 17% by early Monday, ethereum turns negative on the year. Cryptocurrencies sell off amid market downturn.

Bitcoin Price Tumbles To Six-Month Low, Cryptocurrency Markets Enter 'Panic Mode'

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

Core Scientific Announces July 2024 Production and Operations Updates

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

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

Core Scientific Inc (NASDAQ: CORZ) has recently been garnering a lot of attention from financial analysts. On Wednesday, Cantor Fitzgerald initiated coverage of the company, assigning an “overweight” rating with a compelling $20.00 price target.

Cantor Fitzgerald sets $20 price target for Core Scientific stock: Should you buy?

Cantor Fitzgerald analyst Brett Knoblauch initiated coverage on Core Scientific, Inc. CORZ, with a price forecast of $20.

Core Scientific Analyst Emphasizes 'Access To Power' In Bitcoin Mining Assets - Deal With CoreWeave Under Focus

The average of price targets set by Wall Street analysts indicates a potential upside of 27.2% in Core Scientific, Inc. (CORZ). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe Core Scientific, Inc. (CORZ) Could Rally 27.16%: Here's is How to Trade

Core Scientific, Inc. (CORZ) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Core Scientific, Inc. (CORZ) Is a Great Choice for 'Trend' Investors, Here's Why

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces Tranche 2 Warrants Triggering Event.

Core Scientific Announces Tranche 2 Warrants Triggering Event

Block

DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Block, Inc. [NYSE: SQ], a global technology company with a focus on financial services, and Core Scientific [Nasdaq: CORZ], one of the largest owners and operators of high-powered digital infrastructure for bitcoin mining and hosting services in North America, today announced an agreement to supply Core Scientific with Block's new 3 nanometer (3nm) mining ASICs, built by the Proto team, representing approximately 15 EH/s (exahashes per se.

Block's New Bitcoin Mining Chip to Be Part of an Ongoing Project With Core Scientific to Decentralize Mining Hardware

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #aicloud--Core Scientific Announces Mandatory Conversion of Outstanding Secured Convertible Notes.

Core Scientific Announces Mandatory Conversion of Outstanding Secured Convertible Notes

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

Core Scientific Announces June 2024 Production and Operations Updates

Bitcoin miners are embracing artificial intelligence as a potential new revenue opportunity. Core Scientific recently signed a multibillion-dollar AI computing deal with CoreWeave, and is now moving aggressively into AI.

This Bitcoin Mining Stock Just Reinvented Itself for Artificial Intelligence. Could It Go Parabolic in the Second Half of 2024?

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Post-halving, Bitcoin miners see their primary source of revenue cut by one-half. Miners typically sell Bitcoin in order to make up for any revenue shortfall, but some are now looking for ways to diversify operations into AI.

News for Core Scientific Inc Stock (CORZ)