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Core Scientific, Inc. Common Stock (CORZ) Stock

Core Scientific, Inc. Common Stock Stock Details, Movements and Public Alerts

Core Scientific Inc (CORZ): The Bitcoin Miner Pivoting to AI with 16 EH/s Hashrate and CoreWeave Partnership

Adam Sullivan inherited Core Scientific after its 2023 bankruptcy emergence with a radical dual mandate: maintain Bitcoin mining dominance while capturing AI compute infrastructure demand. The company operates 16 exahash per second of Bitcoin mining capacity across Texas, North Carolina, Kentucky, and North Dakota data centers—making it North America's largest publicly traded miner. But the transformation story centers on CoreWeave: a $3.5 billion, 12-year hosting agreement converting 200+ megawatts of power capacity to AI GPU infrastructure for training large language models. Sullivan's strategy monetizes Core Scientific's core asset (cheap power and cooling infrastructure) across two explosive demand curves: Bitcoin and artificial intelligence. For investors seeking leveraged exposure to both crypto and AI infrastructure, CORZ offers rare crossover positioning.

52-Week Range

$23.63 - $6.20

-17.52% from high · +214.35% from low

Avg Daily Volume

19,650,558

20-day average

100-day avg: 18,930,732

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

N/A

Forward P/E

29.15

EV/EBITDA

454.88

EPS (TTM)

-$2.16

Price to Sales

19.24

How is CORZ valued relative to its earnings and growth?
Valuation data is not available for this stock.
What is CORZ's risk profile compared to the market?
Risk profile data is not available for this stock.

Performance & Growth

Profit Margin

-229.90%

Operating Margin

-60.40%

EBITDA

$-75,227,000

Return on Equity

0.00%

Return on Assets

-6.06%

Revenue Growth (YoY)

-14.90%

Earnings Growth (YoY)

61.20%

How profitable and efficient is CORZ's business model?
Core Scientific, Inc. Common Stock achieves a profit margin of -229.90%, meaning it retains $-229.90 from every $100 in revenue after all expenses. This relatively low margin suggests the company operates in a competitive environment or high-cost industry where profitability is challenging. The operating margin of -60.40% reveals how efficiently the company runs its core business operations before interest and taxes.0
What are CORZ's recent growth trends?
Core Scientific, Inc. Common Stock's revenue declined by 14.90% year-over-year, indicating challenges in maintaining sales momentum. This contraction may reflect market headwinds, competitive pressures, or strategic transitions. Earnings increased by 61.20% year-over-year, outpacing revenue growth through improved margins. These growth metrics should be evaluated against SOFTWARE - INFRASTRUCTURE industry averages for proper context.

Company Size & Market

Market Cap

$6.4B

Revenue (TTM)

$334.18M

Revenue/Share (TTM)

$1.10

Shares Outstanding

310.06M

Book Value/Share

-$3.66

Asset Type

Common Stock

What is CORZ's market capitalization and position?
Core Scientific, Inc. Common Stock has a market capitalization of $6.4B, classifying it as a mid-cap stock ($2B-$10B). Mid-caps often represent companies in their growth phase, offering higher growth potential than large-caps but with more stability than small-caps. They can be attractive takeover targets and may become tomorrow's large-caps. With 310.06M shares outstanding, the company's ownership is relatively concentrated. As a participant in the SOFTWARE - INFRASTRUCTURE industry, it competes with other firms in this sector.
How does CORZ's price compare to its book value?
Core Scientific, Inc. Common Stock's book value per share is -$3.66, while the current stock price is $19.49, resulting in a price-to-book (P/B) ratio of -5.33. Trading below book value can indicate the market perceives challenges ahead, or it might represent a value opportunity if the assets are quality and earnings can recover. Value investors often screen for P/B ratios below 1.0. As a common stock, this represents equity ownership with voting rights.

Analyst Ratings

Analyst Target Price

$25.12

28.89% upside potential

Analyst Recommendations

Strong Buy

1

Buy

7

Hold

10

Sell

0

Strong Sell

0

How reliable are analyst predictions for CORZ?
18 analysts cover CORZ with 44% recommending buy/strong buy ratings. Analyst predictions have mixed reliability - studies show consensus rarely beats market returns consistently. The mixed views reflect uncertainty about the outlook. The consensus target of $25.12 implies 28.9% upside, but targets are often adjusted to follow price moves rather than predict them.
What is the Wall Street consensus on CORZ?
Current analyst recommendations:1 Strong Buy, 7 Buy, 10 Hold, 00The neutral stance suggests uncertainty or fair valuation at current levels.Remember that analyst opinions often lag price movements and can be influenced by investment banking relationships.

Fundamentals last updated: Nov 1, 2025, 02:09 AM

Technical Indicators

RSI (14-day)

54.06

Neutral

50-Day Moving Average

$17.81

9.43% above MA-50

200-Day Moving Average

$12.89

51.20% above MA-200

MACD Line

0.99

MACD Signal

1.03

MACD Histogram

-0.04

Bearish

What does CORZ's RSI value tell investors?
The RSI (Relative Strength Index) for CORZ is currently 54.06, indicating the stock is in neutral territory (40-60 range). Neither buyers nor sellers have clear control, suggesting consolidation or balanced market forces. Combined with the price being above the 50-day moving average, this confirms bullish conditions.
How should traders interpret CORZ's MACD and moving average crossovers?
MACD analysis shows the MACD line at 0.99 below the signal line at 1.03, with histogram at -0.04. This bearish crossover indicates downward pressure. The narrow histogram suggests a potential trend change ahead. The 50-day MA ($17.81) is above the 200-day MA ($12.89), forming a golden cross pattern that typically signals a long-term uptrend. Price is currently above both MAs, confirming strength.

Indicators last updated: Nov 10, 2025, 09:06 AM

Active Alerts

Alert Condition
Price decreases by
Threshold
3%
Created
Oct 26, 2025, 06:54 PM

Core Scientific Inc (CORZ) Stock Analysis 2025: Complete Investment Guide

Core Scientific filed bankruptcy in December 2022 after Bitcoin crashed from $69,000 to $16,000, crushing mining economics. Twelve months later, Adam Sullivan emerged with a cleaned-up balance sheet and radical strategic pivot: repurpose mining infrastructure for AI compute. The CoreWeave partnership—$3.5 billion over 12 years—validates the thesis that Bitcoin mining data centers can host AI GPU workloads with minimal conversion costs. Core Scientific now captures upside from both Bitcoin's halving-driven supply squeeze and AI's insatiable demand for compute infrastructure. For investors, CORZ represents asymmetric exposure to crypto and AI megatrends through physical infrastructure that benefits from both.

Business Model & Competitive Moat

Core Scientific operates Bitcoin mining facilities and high-performance compute (HPC) hosting infrastructure. The Bitcoin mining segment deploys ASIC miners (Antminer S19, Whatsminer M30) to solve cryptographic puzzles, earning newly minted Bitcoin plus transaction fees. The HPC segment leases data center space, power, and cooling to AI companies like CoreWeave for GPU-accelerated machine learning workloads. Revenue splits between Bitcoin production (selling mined coins) and hosting fees (per-megawatt monthly contracts).

The competitive moat rests on stranded power access and conversion optionality. Adam Sullivan controls 1+ gigawatt of power capacity in Texas and North Carolina—markets with cheap electricity ($0.03-0.05/kWh) and grid flexibility. Bitcoin miners face commodity competition, but Sullivan's infrastructure can pivot between Bitcoin and AI based on relative profitability. This dual-use optionality creates downside protection: if Bitcoin mining becomes unprofitable, excess capacity converts to AI hosting. CoreWeave's $3.5B commitment validates the conversion economics—Core Scientific's cooling and power infrastructure work for GPUs with minimal capex.

Financial Performance

  • •Post-Bankruptcy: Emerged January 2023 with restructured balance sheet; legacy debt eliminated
  • •Bitcoin Mining: 16 EH/s hashrate generating ~450-550 BTC monthly at current difficulty
  • •CoreWeave Revenue: $3.5B contract over 12 years equates to ~$290M annual recurring revenue (starting 2024-2025)
  • •Power Capacity: 1GW+ across owned facilities in Texas (850MW), North Carolina, Kentucky, North Dakota
  • •Profitability: Bitcoin price >$30K enables mining profitability; AI hosting provides stable counterbalance

Growth Catalysts

  • •Bitcoin Halving 2024: April 2024 halving cut supply issuance, potentially driving BTC price higher and improving mining margins
  • •CoreWeave Expansion: $3.5B contract scales through 2036; potential for additional AI hosting partnerships
  • •AI Compute Shortage: GPU scarcity and AI model training demand create pricing power for HPC hosting
  • •Hashrate Growth: Deploying newer-generation miners (S19 XP, M50 series) improves efficiency and lowers cost per BTC
  • •Grid Services: Texas ERCOT demand response programs pay miners to curtail during peak demand—additional revenue stream

Risks & Challenges

  • •Bitcoin Price Volatility: Mining profitability directly tied to BTC price; sub-$25K levels threaten viability
  • •Energy Costs: Natural gas and electricity price spikes compress margins; Texas grid volatility creates operational risk
  • •ASIC Obsolescence: Mining hardware depreciates rapidly; newer-gen miners force continuous capex to stay competitive
  • •CoreWeave Dependency: $3.5B contract represents massive revenue concentration; counterparty risk if CoreWeave struggles
  • •Regulatory Uncertainty: Potential energy consumption restrictions or crypto mining bans threaten operations

Competitive Landscape

The public Bitcoin mining sector includes Marathon Digital, Riot Platforms, CleanSpark, and Iris Energy. Core Scientific differentiated through CoreWeave AI partnership—competitors remain pure Bitcoin plays.

CompanyHashrateStrategyAI Exposure
Core Scientific (CORZ)~16 EH/sBitcoin + AI hostingCoreWeave $3.5B deal
Marathon (MARA)~35 EH/sPure Bitcoin miningMinimal
Riot Platforms (RIOT)~18 EH/sBitcoin + power tradingNone
CleanSpark (CLSK)~20 EH/sBitcoin miningNone

Adam Sullivan's competitive positioning leverages infrastructure dual-use. While peers double down on Bitcoin-only strategies, CORZ captures AI tailwinds. If Bitcoin underperforms, AI hosting provides revenue stability. If Bitcoin rallies, mining capacity generates leveraged upside. This barbell strategy reduces single-point-of-failure risk inherent to pure crypto mining plays.

Who Is This Stock Suitable For?

Perfect For

  • ✓Crypto bulls seeking leveraged Bitcoin exposure via mining stocks
  • ✓AI infrastructure investors wanting physical compute exposure
  • ✓High-risk growth allocations (5-10% position sizing for volatility)
  • ✓Traders capitalizing on Bitcoin halving cycles and AI hype

Less Suitable For

  • ✗Risk-averse investors (50%+ drawdowns common in crypto mining)
  • ✗Income portfolios (no dividend)
  • ✗ESG-constrained mandates (Bitcoin mining energy consumption concerns)
  • ✗Value investors seeking stable earnings (binary crypto/AI narrative)

Investment Thesis

Core Scientific offers rare dual exposure to Bitcoin and AI infrastructure through Adam Sullivan's pivot strategy. The CoreWeave $3.5B contract provides $290M annual recurring revenue cushion if Bitcoin mining margins compress. Post-bankruptcy clean slate eliminates legacy debt overhang. If Bitcoin sustains above $40K, mining operations generate significant free cash flow. If AI compute demand persists, HPC hosting becomes primary growth driver.

The bear case centers on Bitcoin crash scenarios and CoreWeave dependency. If BTC falls to $20K, mining becomes cash-flow negative despite AI hosting. CoreWeave contract concentration creates single-point risk—any AI winter or CoreWeave financial stress threatens CORZ's growth narrative. However, Sullivan's 16 EH/s scale and 1GW power capacity create barriers to entry that smaller miners lack. For investors seeking asymmetric crypto/AI exposure, CORZ's dual-use infrastructure offers calculated speculation with AI downside protection.

Conclusion

Core Scientific is a SPECULATIVE BUY for aggressive portfolios allocating 3-7% to crypto/AI infrastructure. The CoreWeave partnership de-risks pure Bitcoin exposure while capturing AI compute upside. Only suitable for investors comfortable with 50%+ volatility and binary outcomes. Position sizing critical—treat as high-conviction speculation, not core holding. Monitor Bitcoin network difficulty and CoreWeave deployment progress as key performance indicators.
Bull Case
$25 (150%+ upside) — Bitcoin rallies to $80K+, CoreWeave expands contract, additional AI partnerships signed, hashrate grows to 25 EH/s
Base Case
$12 (20% upside) — Bitcoin ranges $40-60K, CoreWeave contract performs as expected, steady hashrate growth
Bear Case
$3 (70% downside) — Bitcoin crashes to $20K, mining unprofitable, CoreWeave reduces capacity, energy costs spike

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