Core Scientific, Inc. CORZ R2KAI
Core Scientific, Inc. provides infrastructure for high-density colocation services and digital asset mining in the United States. It operates through three segments: Colocation, Digital Asset Self-Mining, and Digital Asset Hosted Mining. The company offers space, power, cooling, facilities operations, security, and other services to third-party customers to support workloads for machine learning and artificial intelligence; deployment, monitoring, troubleshooting, optimization, and maintenance of its customers' digital asset mining equipment; and electrical power, repair, and other infrastructure services for its customers to operate, maintain, and mine digital assets. It is also involved in the deployment and operation of its fleet of miners within its digital infrastructure as part of a pool of users that process transactions conducted on one or more blockchain networks to receive digital assets in the form of bitcoin. It also deploys and operates its fleet of miners within its digital infrastructure as part of a pool of users that process transactions conducted on one or more blockchain networks; and provides hosting services for digital asset mining customers, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment. Core Scientific, Inc. was founded in 2017 and is headquartered in Dover, Delaware.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Profit CAGR of 28.9% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Revenue declined at -20.7% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | CORZ Core Scientific, Inc. R2KAI | 26.85 | - | $8.54B | - | -14.34% | - | -20.72% | 28.85% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Quarterly Results
Figures in USD.
| Metric | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 54.25M | 75.30M | 113.14M | 192.52M | 163.97M | 162.57M | 120.66M | 126.91M | 112.90M | 179.29M | 141.10M | - | - | 79.53M | 78.63M | 81.10M | 79.76M | 115.24M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 71.31M | 73.60M | 77.20M | 59.01M | 85.14M |
| Gross Profit | 14.53M | 24.54M | 58.42M | 70.00M | 12.72M | -27.08M | 31.78M | 36.96M | 15.42M | 77.65M | 38.82M | - | - | 8.21M | 5.03M | 3.90M | 20.75M | 30.11M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 55.24M | 27.14M | 58.40M | 126.11M | 60.40M |
| Operating Income | 9.03M | 15.53M | 4.78M | -26.72M | -1.05B | -401.37M | 7.60M | 9.47M | -12.04M | 55.23M | 6.58M | - | - | -47.03M | -22.12M | -54.49M | -105.35M | -30.30M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | -24.62M | -634.00K | -35.32M | -88.23M | -321.91M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | 7.07M | 1.14M | - | - | - | - | 4.86M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 576.46M | -936.64M | -143.90M | 214.25M | -346.59M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 205.00K | 158.00K | 125.00K | 95.00K | 600.00K |
| Net Income | 6.85M | -3.41M | -16.63M | -466.20M | -810.48M | -434.79M | -388.00K | -9.26M | -41.15M | 210.69M | -804.90M | - | - | 576.25M | -936.80M | -144.03M | 214.15M | -347.19M |
| Diluted EPS | 0.04 | -0.02 | -0.07 | -1.52 | -2.49 | -1.23 | 0.00 | -0.02 | -0.11 | 0.78 | -4.51 | - | - | 1.25 | -0.04 | -0.46 | 0.42 | -1.06 |
| R&D Expense | 1.21M | 1.44M | 1.59M | 3.34M | 14.77M | 6.19M | 1.42M | 1.64M | 2.25M | 1.80M | 2.17M | 2.84M | - | - | - | - | - | - |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Revenue | 60.32M | - | 640.31M | 502.40M | 510.67M | 319.02M |
| Cost of Revenue | - | - | 631.91M | 378.94M | 389.60M | 281.12M |
| Gross Profit | 9.39M | - | 8.40M | 123.46M | 121.07M | 37.90M |
| Operating Expenses | - | - | 252.97M | 108.11M | 133.30M | 262.45M |
| Operating Income | -6.33M | - | -244.57M | 15.35M | -12.23M | -224.55M |
| EBITDA | - | - | -1.84B | -63.12M | -1.28B | -144.37M |
| Interest Expense | - | 44.35M | 96.83M | 86.24M | 37.07M | - |
| Pretax Income | - | - | -2.16B | -245.80M | -1.44B | -288.03M |
| Tax Provision | - | - | -17.09M | 683.00K | 859.00K | 583.00K |
| Net Income | -12.21M | - | -2.15B | -246.49M | -1.44B | -288.62M |
| Diluted EPS | -0.14 | - | -6.30 | -0.65 | -4.39 | -0.88 |
| R&D Expense | 5.27M | 7.67M | 26.96M | 7.18M | 11.83M | - |
Compounded Sales Growth
| 5 Years: | -20.72% |
| 1 Year: | 44.90% |
Compounded Profit Growth
| 5 Years: | 28.85% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +152.11% |
| 6 Months: | +72.67% |
| 3 Months: | +58.22% |
| 1 Month: | +37.27% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Total Assets | - | 15.00K | - | 807.69M | 712.16M | 1.48B | 2.35B |
| Current Assets | - | - | - | 85.10M | 97.02M | 903.96M | 895.54M |
| Cash & Equivalents | - | - | - | 15.88M | 50.41M | 836.20M | 311.38M |
| Inventory | - | - | - | - | - | - | - |
| Receivables | - | - | - | 257.00K | 1.00M | 7.44M | 337.16M |
| Total Liabilities | - | 400 | - | 1.22B | 1.31B | 2.42B | 3.31B |
| Current Liabilities | - | 400 | - | 186.79M | 488.42M | 134.56M | 781.40M |
| Long Term Debt | - | - | 652.21M | - | 684.08M | 1.07B | 1.06B |
| Total Debt | - | - | - | 37.73M | 865.54M | 1.18B | 1.16B |
| Total Equity | 106.33M | 89.22M | - | -409.35M | -596.94M | -943.05M | -962.74M |
| Shares Outstanding | - | - | - | 375.23M | 185.00M | 292.61M | 314.23M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -23.77M | - | 205.19M | 65.11M | 42.90M | 278.25M |
| Investing Cash Flow | -15.14M | - | -590.78M | -3.00M | -95.19M | -740.75M |
| Financing Cash Flow | 40.72M | - | 306.15M | -44.65M | 819.57M | -63.10M |
| Capital Expenditure | -0 | - | -601.66M | -16.99M | -95.19M | -739.21M |
| Free Cash Flow | -23.77M | - | -396.47M | 48.12M | -52.30M | -460.96M |
| Net Change in Cash | - | - | -79.44M | 17.47M | 767.27M | -525.60M |
| Share Buybacks | - | - | 31.65M | 0 | 0 | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Gross Margin % | 15.6% | - | 1.3% | 24.6% | 23.7% | 11.9% |
| Operating Margin % | -10.5% | - | -38.2% | 3.1% | -2.4% | -70.4% |
| Net Margin % | -20.2% | - | -335.2% | -49.1% | -281.6% | -90.5% |
| ROE % | -13.7% | - | 524.3% | 41.3% | 152.5% | 30.0% |
| ROCE % | -43,335.6% | - | -39.4% | 6.9% | -0.9% | -14.3% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Situational Awareness Partners LP | 8.18% | 26.01M | $698.33M |
| 2 | Situational Awareness LP | 8.18% | 26.01M | $698.33M |
| 3 | UBS Group AG | 8.03% | 25.53M | $685.59M |
| 4 | Pentwater Capital Management Lp | 7.82% | 24.85M | $667.28M |
| 5 | Blackrock Inc. | 7.75% | 24.63M | $661.31M |
| 6 | Vanguard Portfolio Management LLC | 5.86% | 18.61M | $499.80M |
| 7 | Two Seas Capital Lp | 5.08% | 16.15M | $433.68M |
| 8 | Vanguard Capital Management LLC | 4.20% | 13.36M | $358.85M |
| 9 | Jericho Capital Asset Management, LP | 3.69% | 11.72M | $314.77M |
| 10 | Oaktree Capital Management LP | 2.94% | 9.35M | $251.07M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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