CORZ - Core Scientific, Inc.
One trillion dollars. That is the scale of institutional capital that spot crypto ETFs, tokenized securities, and corporate treasuries are gradually pulling toward Bitcoin and its adjacent markets. This number also represents the kind of move that would reset Bitcoin from a speculative allocation to a portfolio staple. Now trading around $61,500 per token, Bitcoin... Bitcoin's Next $1 Trillion Move Could Change Crypto Forever
Core Scientific is transitioning from a volatile Bitcoin miner to a high-density AI colocation provider with long-duration, contracted revenue streams. Q1 2026 results show colocation revenue surged to $77.5M, now the dominant segment, with gross profit margins of 57% and a multi-gigawatt power pipeline. The expanded CoreWeave partnership validates CORZ's AI infrastructure pivot, supporting $10B+ in contracted revenue and 590MW leased, with further upside from pipeline conversion.
"A rising tide lifts all boats" is a popular piece of market jargon, but you can see why it sticks during rallies like the AI gold rush. Anyone and everyone is trying to get into the data center game today, including some former Bitcoin miners strategically pivoting to the next big thing.
Several large data centers and crypto facilities planning to connect to the Texas power grid ahead of peak summer demand have failed key reliability tests, raising the risk of power outages just as electricity use hits its seasonal high, according to the state grid operator.
Bitcoin prices fell this week after cryptocurrency treasury company Strategy revealed it sold a small amount of its bitcoin holding. Traders on prediction market Kalshi think it's likely that the cryptocurrency will fall below $60,000, which would mark a new low in 2026.
If you're not familiar with the name Leopold Aschenbrenner, you should be.
Core Scientific NASDAQ: CORZ is focused on expanding five new data center sites under development, diversifying its customer base and positioning itself to win long-term artificial intelligence infrastructure contracts, CEO Adam Sullivan said at the 54th Annual TD Cowen TMT Conference.
Leopold Aschenbrenner, known as one of the youngest billionaires and a former member of the OpenAI research team, has just disclosed one of his largest stock positions yet.
AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-density colocation (“HDC”), today announced the appointment of Steve Smith to its Board of Directors, effective immediately. Mr. Smith will also serve on the Company's Nominating and Corporate Governance Committee. Mr. Smith brings over 35 years of leadership experience in the data center, digital infrastructure and technology industries. He is c.
Core Scientific Inc. (NASDAQ: CORZ) stock is climbing on Thursday, maintaining strong bullish momentum.
Leopold Aschenbrenner, one of the youngest billionaire investors and a former OpenAI researcher, has revealed updated holdings for his Situational Awareness Fund.
Core Scientific (CORZ) offers a more attractive risk/reward profile than Applied Digital (APLD) due to its larger, immediately leasable power capacity and faster delivery schedule. CORZ is set to deliver 590 MW to CoreWeave over 12 months, with 243 MW already being billed and the remainder expected ahead of APLD's timeline. APLD's near-term upside is limited, with most capacity set for delivery further out, while trading at a premium 23x FY27 sales versus CORZ's 14x CY26 sales.
There's another set of artificial intelligence plays hidden in plain sight. And their roots are in crypto.
CORZ has executed a brilliant reversal from the prior bankruptcy in 2022, as they deliver a successful diversification across bitcoin mining and HPC operations. Their FQ1 '26 results show colocation revenue up +801% YoY with notable gross margin expansion, and further top/bottom-line outperformance is likely as they ramp up their power capacity. Despite the recent rally and the elevated EV/Sales of 13.55x, CORZ's expanding power capacity of up to 3 GW supports their compelling high-growth prospects, pending new customer agreements.
Core Scientific Inc. (NASDAQ:CORZ) is proving that a strategic business pivot can easily outweigh a short-term earnings hiccup with its stock's rising Benzinga Edge momentum score.
U.S. stock futures rose on Thursday after Wednesday's record rally. This followed President Donald Trump's celebration of record stock market gains.
Core Scientific, Inc. (CORZ) Q1 2026 Earnings Call Transcript
While the top- and bottom-line numbers for Core Scientific, Inc. (CORZ) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Core Scientific, Inc. (CORZ) came out with a quarterly loss of $0.1 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to a loss of $0.1 per share a year ago.
Core Scientific Inc. (NASDAQ:CORZ) reported first-quarter results after Wednesday's closing bell, missing EPS estimates. Here's a look at the details inside the report.