Headquartered in Dover, DE Fiscal year ends September NASDAQ: CORZ corescientific.com
Core Scientific, Inc. (NASDAQ: CORZ) designs, builds, and operates large-scale, purpose-built data centers for high-density colocation (HDC) services, primarily serving artificial intelligence and other compute-intensive workloads. The majority of the company's revenue is derived from HDC services, with the remainder from earning digital assets (bitcoin) for its own account and from digital asset mining hosting services for third-party customers. The company is in the process of repurposing its remaining mining facilities to support its high-density colocation business. Core Scientific operates facilities across seven U.S. states — Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma, and Texas — with approximately 1.1 GW of leased customer power capacity. Its anchor colocation customers include CoreWeave (approximately 590 MW under 12-year take-or-pay contracts) and AMD (approximately 530 MW under 15-year agreements). The company estimates over $24 billion of total potential contracted revenue from its current customer commitments. Updated
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A respected analyst just slapped a Street-high price target on a stock that cratered after reporting a $684 million loss, and the reasoning has Wall Street genuinely divided on whether this is…
A nine-figure writedown at one AI data center operator sent shockwaves through the entire sector Friday, and the stocks bleeding hardest have no bad news of their own to explain the damage.
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Core Scientific, Inc. (NASDAQ: CORZ) designs, builds, and operates large-scale, purpose-built data centers for high-density colocation (HDC) services, primarily serving artificial intelligence and other compute-intensive workloads.
The Wall Street consensus 12-month price target for CORZ is $33.05.
