Core Scientific Inc (CORZ) AI Stock Analysis

• Market Cap: $6.18B
• Dividend Yield: N/A
• Average Volume (3M): 9.56M
• Price to Earnings (P/E): 139.9
• Beta (1Y): 2.90
• Revenue Growth: -40.08%
• EPS Growth: N/A
• Country: US
• Employees: 325
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): -0.46
• Shares Outstanding: 310,061,300
• 10 Day Avg. Volume: 9,543,206
• 30 Day Avg. Volume: 9,559,466
• PEG Ratio: >-0.01
• Price to Book (P/B): -4.38
• Price to Sales (P/S): 7.04
• P/FCF Ratio: -69.04
• Enterprise Value/Market Cap: 1.04
• Enterprise Value/Revenue: 19.29
• Enterprise Value/Gross Profit: 296.05
• Enterprise Value/Ebitda: -16.83
• 1Y Price Target: $27.00
• Price Target Upside: 38.53% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $19.00 ▼(-2.51% Downside)

Core Scientific Inc. faces significant financial challenges, with high debt and negative equity impacting its financial stability. Technical indicators suggest a neutral to bearish outlook, while the high P/E ratio indicates overvaluation. Corporate events present a mixed picture, with strategic growth plans offering some optimism despite the failed merger. These factors collectively result in a low overall stock score.

Positive Factors

Strategic Growth Plans

The strategic growth plans, including significant MW expansion, indicate a strong commitment to scaling operations, potentially enhancing market position and long-term revenue growth.

Significant Contracts

The long-term contract with CoreWeave provides revenue visibility and stability, supporting sustained cash flow and operational efficiency improvements.

Operational Efficiency

Growth in high-density colocation revenue suggests improved operational efficiency and a shift towards more profitable service offerings, enhancing margin sustainability.

Negative Factors

High Debt Levels

High debt levels and negative equity raise concerns about financial stability, potentially limiting future investment capacity and increasing financial risk.

Revenue Decline

The decline in revenue indicates challenges in maintaining market share and profitability, which could impact long-term growth prospects and competitive positioning.

Merger Termination

The failed merger with CoreWeave disrupts strategic plans and may hinder growth opportunities, affecting the company's ability to expand its market presence and leverage synergies.

Core Scientific Inc Business Overview & Revenue Model

Company Description

Core Scientific, Inc. operates facilities for digital asset mining and colocation services in North America. It provides blockchain infrastructure, software solutions, and services. The company mines digital assets for its own account and provides hosting colocation services for other large-scale miners. It operates in two segments, Equipment Sales and Hosting. The company owns and operates computer equipment that is used to process transactions conducted on one or more blockchain networks in exchange for transaction processing fees rewarded in digital currency assets, commonly referred to as mining; and datacenter facilities to provide colocation and hosting services for distributed ledger technology, also commonly known as blockchain. It also develops blockchain-based platforms and applications, including infrastructure management, security technologies, mining optimization, and recordkeeping. The company is headquartered in Austin, Texas. On December 21, 2022, Core Scientific, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.

How the Company Makes Money

Core Scientific generates revenue primarily through cryptocurrency mining operations and hosting services. The company earns money by mining various cryptocurrencies, particularly Bitcoin, leveraging its large-scale data centers that are optimized for energy efficiency. Additionally, Core Scientific offers hosting services for third-party miners, charging fees for space, power, and maintenance of mining equipment. Key revenue streams include direct cryptocurrency mining profits, hosting fees, and potentially software solutions designed for blockchain applications. Significant partnerships with hardware manufacturers and energy providers also contribute to its earnings, allowing Core Scientific to optimize costs and enhance operational efficiency.

Core Scientific Inc Financial Statement Overview

Summary

Core Scientific Inc. is facing significant financial challenges across all verticals. The income statement reflects declining revenues and negative profitability margins. The balance sheet is burdened with high debt and negative equity, raising concerns about financial stability. Cash flow improvements are overshadowed by persistent negative free cash flow, indicating liquidity constraints.

Income Statement

Core Scientific Inc. has experienced declining revenue growth, with a negative growth rate of -4.09% in the TTM period. The company is facing significant profitability challenges, as evidenced by negative net profit and EBIT margins. The gross profit margin has also decreased significantly from previous years, indicating pressure on cost management and pricing strategies.

Balance Sheet

The balance sheet reveals a concerning financial structure, with negative stockholders' equity and a high debt-to-equity ratio, indicating potential solvency issues. The return on equity is positive but misleading due to negative equity, suggesting that the company is operating at a loss. The equity ratio is negative, highlighting a reliance on debt financing.

Cash Flow

Cash flow analysis shows some improvement in free cash flow growth, but the company still reports negative free cash flow. The operating cash flow to net income ratio is positive, suggesting some ability to generate cash from operations, but the free cash flow to net income ratio remains negative, indicating ongoing cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	334.18M	510.67M	502.40M	640.31M	544.48M	60.32M
Gross Profit	21.78M	121.07M	123.46M	8.40M	238.86M	9.39M
EBITDA	-383.15M	-1.16B	-63.12M	-1.84B	140.79M	1.63M
Net Income	-768.31M	-1.32B	-246.49M	-2.15B	47.31M	-12.21M
Balance Sheet
Total Assets	2.30B	1.60B	712.16M	807.69M	2.44B	225.58M
Cash, Cash Equivalents and Short-Term Investments	453.44M	836.20M	50.41M	15.88M	117.87M	8.67M
Total Debt	1.06B	1.20B	865.54M	37.73M	818.81M	40.29M
Total Liabilities	3.42B	2.42B	1.31B	1.22B	1.10B	91.88M
Stockholders Equity	-1.13B	-820.18M	-596.94M	-409.35M	1.34B	133.70M
Cash Flow
Free Cash Flow	-354.09M	-52.06M	48.95M	-396.47M	-116.01M	-25.33M
Operating Cash Flow	138.99M	42.90M	65.11M	205.19M	-56.73M	-23.77M
Investing Cash Flow	-496.22M	-95.19M	-3.00M	-590.78M	-423.84M	-15.14M
Financing Cash Flow	556.88M	819.57M	-44.65M	306.15M	603.53M	40.72M

Core Scientific Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 19.49
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CORZ, the sentiment is Positive. The current price of 19.49 is above the 20-day moving average (MA) of 17.76, above the 50-day MA of 16.61, and above the 200-day MA of 14.75, indicating a bullish trend. The MACD of 0.79 indicates Negative momentum. The RSI at 58.86 is Neutral, neither overbought nor oversold. The STOCH value of 76.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CORZ.

Core Scientific Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PAGS	80 Outperform	$3.90B	9.16	14.28%	1.40%	0.58%	5.76%
SPSC	77 Outperform	$3.47B	40.39	9.51%	―	19.28%	6.16%
DLO	73 Outperform	$4.29B	24.15	35.56%	―	22.02%	12.42%
PAYO	67 Neutral	$2.28B	33.21	9.79%	―	10.58%	-45.52%
EEFT	66 Neutral	$3.06B	10.56	23.10%	―	7.25%	-1.12%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CORZ	46 Neutral	$6.18B	139.91	―	―	-40.08%	―

Core Scientific Inc Corporate Events

Core Scientific Terminates Merger Agreement with CoreWeave

On October 30, 2025, Core Scientific held a special meeting of stockholders to consider the merger with CoreWeave, Inc., but the proposal did not receive the necessary approval from stockholders. Consequently, Core Scientific terminated the Merger Agreement on the same day, impacting its strategic plans and future operations.

The most recent analyst rating on (CORZ) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Core Scientific Inc stock, see the CORZ Stock Forecast page.

Core Scientific to Present Strategic Growth Plans

Core Scientific, Inc. announced plans to present an investor presentation on or after October 30, 2025, highlighting its strategic growth and expansion in the digital infrastructure sector. The company is on track to energize 250 MW by the end of 2025 and 590 MW by early 2027, with significant contracts such as a 12-year agreement with CoreWeave valued at over $10 billion. This expansion is expected to strengthen Core Scientific’s market position and provide substantial economic benefits, with anticipated profit margins of 75% to 80%.

The most recent analyst rating on (CORZ) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Core Scientific Inc stock, see the CORZ Stock Forecast page.

Core Scientific Ends Merger with CoreWeave

On October 30, 2025, Core Scientific announced the termination of its merger agreement with CoreWeave due to insufficient stockholder votes. The company will continue to operate as a publicly traded entity on Nasdaq under the ticker symbol CORZ, maintaining its focus on digital infrastructure and high-density colocation services.

The most recent analyst rating on (CORZ) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Core Scientific Inc stock, see the CORZ Stock Forecast page.

Core Scientific Stockholders Reject CoreWeave Merger Proposal

On October 30, 2025, Core Scientific announced that its stockholders did not approve the proposed merger agreement with CoreWeave, Inc. during a special meeting held on the same day. This outcome may impact Core Scientific’s strategic plans and its positioning within the digital infrastructure industry, affecting stakeholders and potentially altering the company’s future operational focus.

The most recent analyst rating on (CORZ) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Core Scientific Inc stock, see the CORZ Stock Forecast page.