Core Scientific (CORZ)
Builds and operates high-density data centers for AI and high-performance computing workloads.
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Provides high-density data center space, power, cooling and operations for AI and high-performance computing under long-term capacity contracts. Bitcoin self-mining continues during site conversions, while hosted mining is being wound down and current colocation revenue remains concentrated with CoreWeave.
Designs, builds and operates purpose-built data centers across several U.S. states. The Colocation segment supplies space, power, cooling, security and facility operations for AI and high-performance computing workloads under long-term capacity contracts, and now generates most revenue.
Converts power infrastructure developed for Bitcoin mining into denser, more specialized facilities, drawing on experience managing large electrical loads, utility relationships and continuous operations. Digital Asset Self-Mining remains a shrinking activity, while Digital Asset Hosted Mining is being wound down.
Earns recurring colocation fees based mainly on delivered power capacity, alongside usage charges; self-mining revenue comes from Bitcoin produced with company-owned machines. Current colocation revenue comes entirely from CoreWeave, while expansion depends on construction, permitting, grid connections, specialized equipment and reliable power.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Redburn Partners | Target | Target: — | Target: $16 |
| Sep 17, 2026 | Wells Fargo | Initiate | Rating: —Target: — | Target: $28 |
| Jul 30, 2026 | Capital One Financial | Target | Target: — | Target: $33 |
| Jul 30, 2026 | Keefe, Bruyette & Woods | Upgrade | ||
| Jul 29, 2026 | Compass Point | Reiterate | Rating: —Target: — | Target: $36 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.77B · Total debt $4.30B · Total assets $5.26B · Shareholders' equity −$2.42B
- Revenue
- $164.2M
- Operating income
- −$72.1M
- Net income
- −$1.16B
No dividends on record.
| Institutions | 115.07% | 369.75M shares | |
|---|---|---|---|
| 486 holders · as of Jun 30, 2026 | |||
| Insiders | 45.46% | 146.07M shares | |
| 14 holders · as of Sep 17, 2026 | |||
| Strategic holders | 3.72% | 11.97M shares | |
| 1 holder · as of Feb 11, 2022 | |||
| Adds to | 164.25% | ||
321.34M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 164.25%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Darin Feinstein1Insiderdirector, 10 percent owner | 22.41% | 40.36M | filed Feb 16, 2024 |
Michael J. Levitt2Insiderdirector, 10 percent owner | 21.98% | 22.06M | filed Feb 16, 2024 |
BlackRock, Inc.Institution | 8.75% | 28.12M | as of Jun 30, 2026 |
Pentwater Capital Management LPInstitution | 8.11% | 26.05M | filed Nov 14, 2025 |
Situational Awareness LPInstitution | 8.09% | 26.01M | as of Jun 30, 2026 |
- Darin Feinstein's transaction reports restate only vehicles that traded; the 2022 ownership statement (40.36M) plus the 31.65M net shares acquired since is used instead.
- Michael J. Levitt's transaction reports restate only vehicles that traded; the 2022 ownership statement (22.06M) plus the 48.58M net shares acquired since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Eric Stanton Weiss | director | +6,000 | $16.33 |
| Sep 14, 2026 | Todd M. Duchene | officer: See remarks | −10,000 | $17.14 |
| Sep 8, 2026 | Todd M. Duchene | officer: See remarks | −10,000 | $18.67 |
| Aug 31, 2026 | Todd M. Duchene | officer: See remarks | −10,000 | $16.23 |
| Aug 24, 2026 | Todd M. Duchene | officer: See remarks | −10,000 | $17.45 |
- Applied Digital
Closest analog: crypto-mining host pivoting to hyperscale AI HPC colocation.
- IREN
Renewable BTC miner pivoting to AI cloud; $9.7B Microsoft contract signed.
- Cipher Digital
Rebranded BTC miner converting 600 MW to AWS and Fluidstack/Google HPC leases.
- TeraWulf
BTC miner with 522 MW HPC leases at nuclear/hydro-powered U.S. campuses.
- Hut 8
Energy platform with $7B Google-backed AI data center lease and Bitcoin mining.
- MARA
Largest US public BTC miner by hashrate; early-stage AI/HPC pivot underway.
- Riot Platforms
Large-scale U.S. BTC miner; AMD AI data center lease commenced at Texas campus.
- CleanSpark
Pure-play U.S. BTC miner at 50 EH/s; first AI data center sites in development.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Core Scientific | $18.57 | +1.12% | $5.90B | — | 807.4 | 13.4 | +108.8% |
| Applied Digital | $28.85 | +2.32% | $8.12B | — | — | 14.1 | +580.7% |
| IREN | $48.29 | +2.24% | $16.85B | — | — | 23.8 | −26.8% |
| Cipher Digital | $19.01 | +0.58% | $7.73B | — | — | 40.5 | −43.0% |
| TeraWulf | $17.62 | +0.97% | $8.65B | — | — | 52.3 | −6.0% |
| Hut 8 | $106.81 | +3.28% | $11.64B | — | — | — | +81.4% |
| MARA | $13.37 | +0.68% | $5.06B | — | — | 6.3 | −26.7% |
| Riot Platforms | $24.49 | +1.28% | $9.14B | — | — | 13.6 | +13.9% |
| CleanSpark | $14.67 | −0.61% | $3.79B | — | — | 5.6 | −30.5% |
| Median | — | — | 14.1 | −16.3% |