Feed / CORZ

Core Scientific, Inc.

CORZ

Technology · 17.36 -4.0% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Core Scientific, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 10 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 15 directly disclosed connections are confirming.

Company-4.0% todayVolume comparison unavailable
Market group0 of 10 activeMixed Technology and Finance · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • Share of total and colocation revenue derived from CoreWeave (filing states colocation revenue is currently derived entirely from a single customer; colocation = 77% of revenue).

Invalidation: The isolated read changes if CORZ's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Software - Infrastructure

No new filing conclusion is available. 0 of 10 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 15 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Share of total and colocation revenue derived from CoreWeave (filing states colocation revenue is currently derived entirely from a single customer; colocation = 77% of revenue).

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods6
Price observations327
Usable filing statements100
Verified relationships12
Evidence supporting the case
  • Net margin changed +191.1 percentage points in the latest annual period.
  • Capital investment and capacity has repeated favorable evidence across 4 filings.
  • Data center and AI demand has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Latest annual revenue changed -37.5% year over year.
  • Operating margin changed -49.2 percentage points in the latest annual period.
  • Diluted shares increased 24.3% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 3 filings.
Questions before a position
  • EV/sales is 91% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

17.36
6m+4.9%12m+19.4%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$544.5M+802.7%$0.20+48.0%
2022-12-31$640.3M+17.6%$-6.30+46.0%
2023-12-31$502.4M-21.5%$-0.65+11.5%
2024-12-31$510.7M+1.6%$-4.87-32.7%
2025-12-31$319.0M-37.5%$-0.88+24.3%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitypositive · 4 filings
Net cash used in investing activities increased to $386.7 million from $89.0 million in the prior year period, primarily reflecting capital expenditures related to our colocation expansion, primarily related to long-lead equipment and other data center develo…
10-Q · May 6, 2026
Data center and AI demandpositive · 4 filings
Net cash used in investing activities increased to $386.7 million from $89.0 million in the prior year period, primarily reflecting capital expenditures related to our colocation expansion, primarily related to long-lead equipment and other data center develo…
10-Q · May 6, 2026
Credit and interest ratesnegative · 3 filings
The year over year decrease in Interest (income) expense, net was driven primarily by a $23.2 million decrease in interest expense due to lower interest rates on outstanding debt, including the repayment of certain higher-interest notes during 2025 , and a $1…
10-K · Mar 2, 2026
Restructuring and cost reductionsnegative · 3 filings
Net loss for the six months ended June 30, 2026 was also impacted by a $266.5 million impairment charge on mining-related property, plant and equipment recognized during the first quarter of 2026.
10-Q · Jul 28, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 17.3× · EV/sales 16.3×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

17.36-4.0% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for CORZ. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for CORZ. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind CORZ

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

DCDakota Gold Corp.customerMay 6, 2026

We are constructing, refurbishing, reallocating or converting our 11 facilities in Alabama (1), Georgia (2), Kentucky (1), North Carolina (1), North Dakota (1), Oklahoma (1), and Texas (4) to support artificial intelligence related workloads, in support of ou…

AUSTFiling-linked namecustomerOct 24, 2025

Colocation revenue is generated by leasing data center space and providing related services to licensees at our Austin and Denton, Texas, and Marble, North Carolina high-density data centers.

CRWVCoreWeave, Inc.partnerMay 6, 2026

In 2024, we announced our first high-density colocation contract with CoreWeave, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 19 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

CORZ is currently a Participant in the organic co-movement group Mixed Technology and Finance. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for CORZ; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.