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 Q4 regulatory filings by fund managers ($100M+ AUM)
130% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 46
102% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 55
98% more call options, than puts
Call options by funds: $485M | Put options by funds: $245M
62% more capital invested
Capital invested by funds: $2.06B [Q3] → $3.32B (+$1.27B) [Q4]
25% more funds holding in top 10
Funds holding in top 10: 20 [Q3] → 25 (+5) [Q4]
22% more funds holding
Funds holding: 247 [Q3] → 301 (+54) [Q4]
18.21% more ownership
Funds ownership: 66.49% [Q3] → 84.7% (+18.21%) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Craig-Hallum George Sutton 57% 1-year accuracy 17 / 30 met price target | 122%upside $24 | Buy Initiated | 21 Jan 2025 |
Needham John Todaro 76% 1-year accuracy 53 / 70 met price target | 67%upside $18 | Buy Reiterated | 17 Jan 2025 |
BTIG Gregory Lewis 41% 1-year accuracy 19 / 46 met price target | 85%upside $20 | Buy Maintained | 16 Dec 2024 |
Financial journalist opinion
Based on 5 articles about CORZ published over the past 30 days
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