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An announcement from Core Scientific Inc ( (CORZ) ) is now available.
Core Scientific, Inc. reported a significant decline in its fiscal second quarter 2025 financial results, with total revenue dropping to $78.6 million from $141.1 million in the same quarter of 2024. The company experienced a decrease in digital asset self-mining and hosted mining revenues, offset by an increase in colocation revenue due to expansion in Denton, Texas. Despite a net loss of $936.8 million, Core Scientific maintains a strong liquidity position. Additionally, the company announced a pending merger with CoreWeave, where CoreWeave will acquire Core Scientific in an all-stock transaction, subject to regulatory and stockholder approvals.
The most recent analyst rating on (CORZ) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Core Scientific Inc stock, see the CORZ Stock Forecast page.
Spark’s Take on CORZ Stock
According to Spark, TipRanks’ AI Analyst, CORZ is a Neutral.
Core Scientific Inc’s overall stock score is heavily influenced by its poor financial performance, which poses significant risks. The technical analysis and valuation metrics provide little optimism, while the earnings call and corporate events offer some positive strategic outlook. The merger with CoreWeave is a notable positive factor, potentially improving future operational capabilities and market positioning.
To see Spark’s full report on CORZ stock, click here.
More about Core Scientific Inc
Core Scientific, Inc. is a leader in digital infrastructure for high-density colocation services and digital asset mining. The company operates dedicated facilities for high-density colocation services and provides digital infrastructure, software solutions, and services to third-party customers. Core Scientific is transitioning its facilities to support AI-related workloads and next-generation colocation services, with a significant portion of revenue currently derived from digital asset mining.
Average Trading Volume: 17,706,590
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.29B
Learn more about CORZ stock on TipRanks’ Stock Analysis page.