Core Scientific
Builds and operates high-density data centers for AI and high-performance computing workloads.
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Profile
Provides high-density data center space, power, cooling and operations for AI and high-performance computing under long-term capacity contracts. Bitcoin self-mining continues during site conversions, while hosted mining is being wound down and current colocation revenue remains concentrated with CoreWeave.
Designs, builds and operates purpose-built data centers across several U.S. states. The Colocation segment supplies space, power, cooling, security and facility operations for AI and high-performance computing workloads under long-term capacity contracts, and now generates most revenue.
Converts power infrastructure developed for Bitcoin mining into denser, more specialized facilities, drawing on experience managing large electrical loads, utility relationships and continuous operations. Digital Asset Self-Mining remains a shrinking activity, while Digital Asset Hosted Mining is being wound down.
Earns recurring colocation fees based mainly on delivered power capacity, alongside usage charges; self-mining revenue comes from Bitcoin produced with company-owned machines. Current colocation revenue comes entirely from CoreWeave, while expansion depends on construction, permitting, grid connections, specialized equipment and reliable power.
Company facts
Categories
Key statistics
Year to date +3.4% · Average volume (30d) 12.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 30, 2026 | Capital One Financial | Target | $33 | |||
| Jul 30, 2026 | Keefe, Bruyette & Woods | Upgrade | Market Perform | Outperform | ||
| Jul 29, 2026 | Compass Point | Reiterate | Buy | $36 | ||
| Jul 29, 2026 | Needham | Reiterate | Buy | $29 | $35 | |
| Jul 29, 2026 | Canaccord Genuity | Reiterate | Buy | $30 | $36 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | −$0.06 | −$3.32 | −5,201.8% | $141.1M | $164.2M | +16.4% | −12.67% |
| May 6, 2026Q1 FY26 | −$0.02 | −$0.10 | −400.0% | $117.0M | $115.2M | −1.5% | −9.22% |
| Mar 2, 2026Q4 FY25 | −$0.27 | −$0.29 | −7.4% | $119.0M | $79.8M | −33.0% | −7.22% |
| Oct 24, 2025Q3 FY25 | −$0.07 | −$0.46 | −558.9% | $112.0M | $81.1M | −27.6% | +2.74% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $79.5M | $78.6M | $81.1M | $79.8M | $115.2M | $164.2M | |
| Gross profit | $8.2M | $5.0M | $3.8M | $20.9M | $29.7M | $70.0M | |
| Operating income | −$47.0M | −$26.3M | −$65.4M | $13.0M | −$23.7M | −$72.1M | |
| Net income | $576.3M | −$936.8M | −$146.7M | $214.2M | −$347.2M | −$1.16B | |
| Diluted EPS | $1.24 | −$0.04 | −$0.46 | $0.67 | −$1.06 | −$3.32 | |
| Gross margin | 10.3% | 6.4% | 4.7% | 26.2% | 25.8% | 42.7% | |
| Operating margin | -59.1% | -33.4% | -80.7% | 16.3% | -20.6% | -43.9% |
Fiscal years (4-quarter sums)FY22 $640.3M · FY23 $502.4M · FY24 $510.7M · FY25 $319.0M
Balance sheet, Jun 30, 2026Cash & short-term investments $1.77B · Total debt $4.30B · Total assets $5.26B · Shareholders' equity −$2.42B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 321.34M · Float 258.97M · 80.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 28.12M | 8.75% | 13F | Aug 7, 2026 |
| Pentwater Capital Management LP | 26.05M | 8.50% | 13G | Nov 14, 2025 |
| Situational Awareness LP | 26.01M | 8.09% | 13F | Aug 14, 2026 |
| Jericho Capital Asset Management L.P. | 22.88M | 7.20% | 13G | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 18.66M | 5.81% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Todd M. Duchene | officer: See remarks | −10,000 | $17.45 |
| Aug 20, 2026 | Elizabeth Crain | director | +6,000 | $18.33 |
| Aug 18, 2026 | Eric Stanton Weiss | director | +7,000 | $19.19 |
| Aug 17, 2026 | Todd M. Duchene | officer: See remarks | −10,000 | $20.10 |
| Aug 10, 2026 | Todd M. Duchene | officer: See remarks | −10,000 | $19.97 |
Peers
- Applied Digital
Closest analog: crypto-mining host pivoting to hyperscale AI HPC colocation.
- IREN
Renewable BTC miner pivoting to AI cloud; $9.7B Microsoft contract signed.
- Cipher Digital
Rebranded BTC miner converting 600 MW to AWS and Fluidstack/Google HPC leases.
- TeraWulf
BTC miner with 522 MW HPC leases at nuclear/hydro-powered U.S. campuses.
- Hut 8
Energy platform with $7B Google-backed AI data center lease and Bitcoin mining.
- MARA
Largest US public BTC miner by hashrate; early-stage AI/HPC pivot underway.
- Riot Platforms
Large-scale U.S. BTC miner; AMD AI data center lease commenced at Texas campus.
- CleanSpark
Pure-play U.S. BTC miner at 50 EH/s; first AI data center sites in development.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Core Scientific | $16.58 | +0.28% | $5.31B | — | 312.6 | 12.0 | +108.8% |
| Applied Digital | $25.52 | +0.61% | $7.29B | — | — | 12.7 | +580.7% |
| IREN | $35.60 | +0.46% | $12.65B | — | — | 16.7 | −26.8% |
| Cipher Digital | $15.18 | +0.06% | $6.21B | — | — | 32.5 | −43.0% |
| TeraWulf | $15.43 | +0.42% | $7.61B | — | — | 46.0 | −6.0% |
| Hut 8 | $79.75 | +0.41% | $8.94B | — | — | 30.8 | +81.4% |
| MARA | $10.68 | +0.19% | $4.07B | — | — | 5.1 | −26.7% |
| Riot Platforms | $18.96 | −0.16% | $7.18B | — | — | 10.6 | +13.9% |
| CleanSpark | $11.65 | −0.08% | $2.99B | — | — | 4.4 | −30.5% |
| Median | — | — | 14.7 | −16.3% |