Welcome to our dedicated page for Core Scientific news (Ticker: CORZ), a resource for investors and traders seeking the latest updates and insights on Core Scientific stock.
Core Scientific Inc. (NASDAQ: CORZ) delivers blockchain infrastructure solutions through digital asset mining and high-performance computing services. This news hub provides investors and industry professionals with essential updates about the company's operational developments, financial performance, and technological advancements.
Access the latest press releases covering earnings reports, facility expansions, energy efficiency initiatives, and partnership announcements. Our curated collection includes analysis of CORZ's self-mining operations, hosted mining services, and GPU-based HPC solutions that support artificial intelligence and machine learning applications.
Stay informed about Core Scientific's position in the evolving blockchain ecosystem through verified updates on regulatory compliance, sustainability efforts, and infrastructure innovations. All content undergoes strict editorial review to ensure accuracy and relevance for stakeholders.
Bookmark this page for streamlined access to CORZ's corporate communications and third-party analysis. Check regularly for updates on North American operations, market positioning, and strategic initiatives in digital infrastructure.
Core Scientific (NASDAQ: CORZ), a leader in digital infrastructure for high-performance computing and bitcoin mining, has scheduled its first quarter fiscal year 2025 earnings release and conference call.
The financial results will be released after market close on Wednesday, May 7, 2025, followed by a conference call and live audio webcast at 3:30 p.m. Central Time. The presentation will be led by CEO Adam Sullivan, CFO Jim Nygaard, and VP of Investor Relations Jon Charbonneau.
Investors can join via phone (888-428-7458 / 862-298-0702) or access the live webcast through the company's investor relations website. An audio replay will be available until May 21, 2025, through the website or by phone using Access ID: 13753188.
Core Scientific (NASDAQ: CORZ) has released its March 2025 production and operations update, highlighting significant mining achievements. The company self-mined 247 Bitcoin in March, bringing the year-to-date total to 718 Bitcoin, while maintaining an average daily production rate of 8.0 Bitcoin.
The company's operational metrics show a total energized hash rate of 19.1 EH/s, with self-mining accounting for 18.1 EH/s through approximately 156,000 owned bitcoin miners. The hosting services segment operates about 7,000 customer-owned miners, which earned an estimated 17 Bitcoin in March.
Core Scientific demonstrated its grid support capabilities by reducing power consumption at its data centers, contributing 35,295 megawatt hours to local electrical grids. The company maintains an efficient operation with an average self-mining fleet efficiency of 24.3 J/TH.
Core Scientific (NASDAQ: CORZ) has released its unaudited production and operations updates for February 2025. The company, a leader in digital infrastructure for high-performance computing and bitcoin mining, reported mining 215 self-mined Bitcoin in February, bringing the year-to-date total to 471 Bitcoin.
The company operated approximately 166,000 bitcoin miners across its data centers, achieving a total energized hash rate of 19.4 EH/s. Of these, about 159,000 were company-owned miners (96%) generating 18.4 EH/s, while the remaining 7,000 (4%) were customer-hosted miners that produced an estimated 16 Bitcoin in February.
Core Scientific demonstrated its grid support capabilities by reducing power consumption at its data centers multiple times, contributing 50,373 megawatt hours to local electrical grids.
Core Scientific (NASDAQ: CORZ) announced the appointment of Jim Nygaard as new Executive Vice President and Chief Financial Officer, effective March 17, 2025. Nygaard brings nearly 30 years of investment banking expertise, including extensive M&A and corporate finance experience from his roles at XMS Capital Partners and Morgan Stanley.
The transition follows a previously announced CFO succession plan, with Nygaard replacing Denise Sterling, who will remain until May 1st to ensure a smooth handover. Sterling, who became CFO before the Company's Chapter 11 filing, played a important role in Core Scientific's restructuring and emergence from bankruptcy. Under her leadership, the company raised over $1 billion through two convertible note transactions, strengthening its capital structure.
Core Scientific (NASDAQ: CORZ) has expanded its partnership with CoreWeave through a new $1.2 billion agreement at its Denton, TX facility. The deal adds 70 MW of contracted power, bringing the site's total critical IT load to approximately 260 MW. CoreWeave's total contracted HPC infrastructure with Core Scientific now reaches about 590 MW across six sites.
The expansion increases Core Scientific's total projected revenue to $10.2 billion over 12-year contract terms. Core Scientific will invest $104 million ($1.5M per MW) in capital expenditure for the expansion, with CoreWeave covering additional costs. The agreement includes options for two five-year renewal terms.
Core Scientific's total contracted power of 1.3 gigawatts is allocated between 900 MW for HPC hosting and 400 MW for bitcoin mining operations. The company is actively seeking additional sites to expand its HPC hosting capacity, focusing on locations near major cities and fiber lines.
Core Scientific (NASDAQ: CORZ) reported Q4 2024 financial results with a net loss of $265.5 million, primarily due to a $224.7 million non-cash mark-to-market adjustment to warrants. Total revenue was $94.9 million, down from $141.9 million in Q4 2023.
Key Q4 highlights include:
- Operating loss of $39.8 million
- Adjusted EBITDA of $13.3 million
- Secured $625 million through 0% interest convertible notes
- Cash position of $836.2 million as of December 31, 2024
- Mined 974 bitcoin at $51,035 average cost per coin
- Operated 20.1 EH/s total hash rate
For full year 2024, Core Scientific generated total revenue of $510.7 million with Adjusted EBITDA of $157.4 million. The company expanded its infrastructure capacity to 1,300 MW and is focusing on growth in both HPC and Bitcoin mining operations.
Core Scientific (CORZ) has announced its upcoming fourth quarter fiscal year 2024 earnings release and conference call schedule. The company will release its financial results after market close on Wednesday, February 26, 2025, followed by a conference call and live audio webcast at 3:30 PM CST.
The earnings call will be hosted by CEO Adam Sullivan, CFO Denise Sterling, and VP of Investor Relations Jon Charbonneau. Investors can participate via dial-in (877-407-1875 / +1 215-268-9909) or listen to the live webcast through the company's investor relations website.
An audio replay will be available on the company's website and via telephone from February 26, 2025, at 9:00 PM CST through March 12, 2025, using dial-in numbers (877) 660-6853 / (201) 612-7415 and Access ID: 13751642.
Core Scientific (NASDAQ: CORZ) announced its expansion into Auburn, Alabama, with a new high-performance computing facility. The data center, housed within the existing AUBix facility, will launch with a 16-megawatt capacity and potential for expansion.
The company plans an initial investment of $135 million, with total project investment expected to exceed $400 million, including capital expenditures from future partners. Core Scientific has leased the building with plans to execute a purchase option and retained all 11 full-time employees, with plans to increase the workforce to a minimum of 20.
The Auburn facility joins Core Scientific's network of nine data centers across six states—Alabama, Georgia, Kentucky, North Carolina, North Dakota, and Texas—with an additional facility under development in Oklahoma. Local officials project the investment will generate approximately $1.5 million in annual tax revenue for Auburn's schools and public services.
Core Scientific (NASDAQ: CORZ) has released its January 2025 production and operations update. The company self-mined 256 Bitcoin during January, down from 291 in December 2024, with an average of 8.3 Bitcoin earned per day. The company's hosting customers earned an estimated 17 Bitcoin.
Core Scientific operated approximately 161,000 bitcoin miners across its data centers, achieving a total energized hash rate of 19.5 EH/s. The company's self-mining fleet maintained an efficiency of 24.5 J/TH. No Bitcoin sales were reported for January, compared to 79 Bitcoin sold for approximately $7.7 million in December.
The company supported local electrical grids by reducing power consumption at its data centers, delivering 48,236 megawatt hours. Of the total miners operated, 96% were company-owned for self-mining, while 4% were customer-owned hosting services.
Core Scientific (Nasdaq: CORZ) has appointed Scott Brueggeman as Chief Marketing Officer to strengthen its brand presence and drive market expansion. Brueggeman brings over 20 years of experience in digital infrastructure and technology businesses. In his previous role at Logix Fiber Networks, he achieved a 50% increase in sales productivity and led a 60-person team. Prior to that, he held leadership positions at CyrusOne during its IPO and $1 billion worth of acquisitions.
Brueggeman's background includes roles at CoreLink Data Centers, CareerBuilder, and AT&T. He holds an MBA from Northwestern University's Kellogg School of Management. CEO Adam Sullivan emphasized that Brueggeman's expertise aligns with Core Scientific's growth strategy in high-performance computing and digital asset mining.
