Core ScientificCORZ
Market Cap: $2.41B
About: Core Scientific Inc is engaged in Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, Blockchain Technology, and Artificial Intelligence related services. The business operates in two segments being; Equipment Sales and Hosting which consists of blockchain infrastructure, third-party hosting business and equipment sales to customers. Mining segment consists of digital asset mining for its account. The blockchain business generates revenue from the sale of consumption-based contracts and by providing hosting services. The digital asset mining segment earns revenue from operating a firm's owned computer equipment as part of a pool of users that process transactions conducted on one or more blockchain networks. In exchange, it receives digital currency assets.
Employees: 286
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
522% more capital invested
Capital invested by funds: $181M [Q1] → $1.13B (+$944M) [Q2]
404% more call options, than puts
Call options by funds: $175M | Put options by funds: $34.6M
400% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 10 (+8) [Q2]
395% more first-time investments, than exits
New positions opened: 104 | Existing positions closed: 21
110% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 20
82% more funds holding
Funds holding: 101 [Q1] → 184 (+83) [Q2]
39.68% more ownership
Funds ownership: 28.77% [Q1] → 68.45% (+39.68%) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Needham John Todaro 26% 1-year accuracy 11 / 43 met price target | 72%upside $16 | Buy Initiated | 4 Sept 2024 |
Cantor Fitzgerald Brett Knoblauch 27% 1-year accuracy 22 / 81 met price target | 115%upside $20 | Overweight Reiterated | 3 Sept 2024 |
Cantor Fitzgerald Brett Knoblauch 27% 1-year accuracy 22 / 81 met price target | 115%upside $20 | Overweight Reiterated | 8 Aug 2024 |
B. Riley Securities Lucas Pipes 37% 1-year accuracy 23 / 63 met price target | 39%upside $13 | Buy Upgraded | 17 Jul 2024 |
Cantor Fitzgerald Brett Knoblauch 27% 1-year accuracy 22 / 81 met price target | 115%upside $20 | Overweight Initiated | 17 Jul 2024 |
Financial journalist opinion
Based on 13 articles about CORZ published over the past 30 days