“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 ↗
Core Scientific, Inc.
CORZ
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.
- 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.
Research brief
The story so far
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.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- 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
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- 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.
- 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.
- EV/sales is 91% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
17.36Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“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 ↗
“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 ↗
“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.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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.