Core Scientific Inc

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2023

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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.

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 Hyperscaler, in early June.

Top Holding in Bitcoin Miners ETFs Grows Infrastructure Deal

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

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

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

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

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

Core Scientific, Inc. to Webcast Investor and Analyst Presentation

Core Scientific (NASDAQ: CORZ ) stock is a hot topic on Thursday after the Bitcoin ( BTC-USD ) mining company rejected a takeover offer from CoreWeave. According to Core Scientific, it received this unsolicited offer from CoreWeave on Monday.

CORZ Stock Alert: Core Scientific Rejects Takeover Offer From Coreweave

Core Scientific, Inc.

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.

Bitcoin miner Core Scientific rejects buyout offer from CoreWeave

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

Core Scientific Rejects Unsolicited Proposal from CoreWeave

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

Core Scientific Announces May 2024 Production and Operations Updates

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% It has only been months since the company based out of Austin, Texas pulled out of bankruptcy.

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

Core Scientific (NASDAQ: CORZ ) stock is climbing today on news that the Bitcoin ( BTC-USD ) mining company may be acquired by CoreWeave in a $1 billion offer. Indeed, CORZ stock is up more than 40% at the time of this writing as investors weigh the all-cash offer.

The $1 BILLION Reason Core Scientific (CORZ) Stock Is Soaring Today

NVIDIA

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. link.

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

The shares of Core Scientific (NASDAQ: CORZ ) stock, a Bitcoin ( BTC-USD ) miner that also provides some hosting service, are popping over 30% in early trading. The firm is getting the boost because it announced that it had signed a series of 12-year deals likely to be worth over $3.5 billion with CoreWeave, an artificial intelligence (AI) hyperscaler.

CORZ Stock Pops as Bitcoin Miner Core Scientific Bets Big on AI

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

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

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

Core Scientific, Inc. (NASDAQ:CORZ ) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Steven Gitlin - SVP, IR Adam Sullivan - CEO Denise Sterling - CFO Conference Call Participants Joe Flynn - Compass Point Lucas Pipes - B. Riley Kevin Dede - H.C.

Core Scientific, Inc. (CORZ) Q1 2024 Earnings Call Transcript

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

Core Scientific Announces Fiscal First Quarter 2024 Results

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

Core Scientific Announces April 2024 Production and Operations Updates

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

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

Core Scientific, Inc. has an undervalued contingent rights vehicle, or CVR, that resembles a put option with unique features. The CVR trades at a significant discount to its fair value due to its complexity and illiquidity. The CVR has a strike price of $5.02, a 3-year maturity, and annual settlements capped at $0.84 per year.

Core Scientific: Of CORZ It's Not Arbitrage, But The CVR Is Very Compelling

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

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

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

Core Scientific Files Registration Statement for Shares Held by Existing Shareholders

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

News for Core Scientific Inc Stock (CORZ)