Core ScientificCORZ
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 Q3 regulatory filings by fund managers ($100M+ AUM)
170% more first-time investments, than exits
New positions opened: 100 | Existing positions closed: 37
131% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 39
100% more funds holding in top 10
Funds holding in top 10: 10 [Q2] → 20 (+10) [Q3]
79% more capital invested
Capital invested by funds: $1.14B [Q2] → $2.04B (+$903M) [Q3]
38% more call options, than puts
Call options by funds: $305M | Put options by funds: $221M
32% more funds holding
Funds holding: 186 [Q2] → 246 (+60) [Q3]
3.3% less ownership
Funds ownership: 69.24% [Q2] → 65.94% (-3.3%) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Needham John Todaro 88% 1-year accuracy 58 / 66 met price target | 20%upside $18 | Buy Reiterated | 17 Jan 2025 |
BTIG Gregory Lewis 51% 1-year accuracy 24 / 47 met price target | 33%upside $20 | Buy Maintained | 16 Dec 2024 |
Roth MKM Darren Aftahi 59% 1-year accuracy 16 / 27 met price target | 70%upside $26 | Buy Initiated | 15 Nov 2024 |
Macquarie Paul Golding 71% 1-year accuracy 32 / 45 met price target | 27%upside $19 | Outperform Maintained | 14 Nov 2024 |
B. Riley Securities Lucas Pipes 53% 1-year accuracy 60 / 113 met price target | 13%upside $17 | Buy Maintained | 7 Nov 2024 |
Financial journalist opinion
Based on 8 articles about CORZ published over the past 30 days
