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Forget margin or options. Here's how the pros trade CORZCore Scientific Inc ( (CORZ) ) has shared an announcement.
Core Scientific, Inc., a leading digital infrastructure and high-density colocation services provider for AI workloads, continued shifting its business mix away from digital asset self-mining toward colocation in the first quarter of fiscal 2026. The company is repurposing remaining mining facilities to support its colocation platform and has expanded its power capacity pipeline to 4.5 GW across a multi-state footprint.
For the quarter ended March 31, 2026, Core Scientific reported revenue of $115.2 million, up from $79.5 million a year earlier, as colocation revenue surged to $77.5 million while self-mining revenue declined to $30.1 million. Despite gross profit improving to $30.1 million and adjusted EBITDA turning positive at $4.4 million, the company posted a $347.2 million net loss driven largely by $266.5 million of non-cash impairment charges and other fair value adjustments.
The company strengthened its capital structure with the May 6, 2026 closing of a $3.3 billion senior secured notes offering to fund strategic data center projects and completed a $233 million acquisition of land and power in Hunt County, Texas, expected to support roughly 430 MW of capacity. Liquidity stood at about $1.04 billion as of March 31, 2026, underpinning continued build-out of high-density data center capacity and reinforcing its positioning as a key infrastructure provider for compute-intensive workloads.
The most recent analyst rating on (CORZ) stock is a Buy with a $28.00 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.
CORZ scores below average primarily due to weak financial performance—persistent losses, negative equity, heavy debt, and a recent return to sharply negative free cash flow. Technicals are a meaningful positive with strong trend/momentum, while the earnings call and recent corporate actions support the AI colocation growth narrative but still carry notable execution, customer concentration, and control-risk overhangs.
To see Spark’s full report on CORZ stock, click here.
More about Core Scientific Inc
Core Scientific, Inc. is a U.S.-based provider of large-scale, purpose-built data centers focused on high-density colocation services, particularly for artificial intelligence-related compute workloads. The company generates most of its revenue from high-density colocation, with additional income from digital asset self-mining and hosting, and operates facilities across several states including Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma and Texas.
Average Trading Volume: 12,523,978
Technical Sentiment Signal: Buy
Current Market Cap: $6.66B
See more insights into CORZ stock on TipRanks’ Stock Analysis page.