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.
CoreWeave (NASDAQ: CRWV) has announced a definitive agreement to acquire Core Scientific (NASDAQ: CORZ) in an all-stock transaction. Core Scientific stockholders will receive 0.1235 shares of CoreWeave Class A common stock for each Core Scientific share, valuing the deal at approximately $9.0 billion.
The acquisition will provide CoreWeave with 1.3 GW of gross power across Core Scientific's data centers, plus 1 GW+ potential expansion capacity. The deal is expected to generate $500 million in annual run-rate cost savings by 2027 and eliminate over $10 billion in future lease overhead.
The transaction is expected to close in Q4 2025, subject to regulatory and shareholder approval. Core Scientific stockholders will own less than 10% of the combined company post-closing.
Xobee Networks, a managed service provider, has appointed Scott Brueggeman as its new Chief Revenue Officer. Brueggeman brings over 25 years of leadership experience in technology, infrastructure, and business services, with expertise in sales, marketing, and go-to-market strategy.
Most recently, Brueggeman served as Chief Marketing Officer at Core Scientific (NASDAQ: CORZ), where he led the company's strategic pivot into AI-driven high-performance computing infrastructure. His previous roles include senior executive positions at Logix Fiber Networks, CyrusOne, and CoreLink Data Centers, where he drove transformational growth and successful M&A integrations totaling over $1 billion in enterprise value.
Core Scientific (NASDAQ: CORZ), a leading provider of digital infrastructure for high-density colocation and bitcoin mining, has announced its participation in the TD Cowen 53rd Annual Technology, Media & Telecom Conference. CEO Adam Sullivan will deliver a presentation on Thursday, May 29th, at 9:40 a.m. ET. Investors can access the live webcast through the company's website's Investors section, with a replay available for 90 days following the presentation.
Core Scientific (NASDAQ: CORZ) has announced two significant leadership changes: the appointment of Elizabeth Crain to its Board of Directors and the election of Jordan Levy as Chairman of the Board. Crain, who will serve as Chair of the Audit Committee, brings over 30 years of financial expertise as a Co-Founder and former COO of Moelis & Company and former Managing Director at UBS Investment Banking Americas. She currently serves as a Partner at the Consello Group and is a board member of Nokia (NYSE: NOK). Levy succeeds Jarrod Patten, who did not seek reelection at the 2025 Annual Meeting.
Core Scientific (NASDAQ: CORZ) announced the immediate departure of Todd Becker from its Board of Directors. Becker, who joined in January 2024 and served as Audit Committee Chair, played a crucial role during his tenure by overseeing two major capital raises that strengthened the company's balance sheet and supporting the hiring of a new CFO. His leadership was particularly significant during Core Scientific's post-bankruptcy transformation.
CEO Adam Sullivan praised Becker's contributions, highlighting his financial expertise and disciplined governance approach. The company confirmed that Becker's resignation was not due to any disagreements with the Board, Company, or management. Core Scientific has begun searching for a new independent director to fill the position.
Core Scientific (NASDAQ: CORZ) reported its Q1 2025 financial results, marking a significant transition in its business model. The company posted net income of $580.7 million, up from $210.7 million in Q1 2024, primarily due to a $621.5 million non-cash mark-to-market adjustment. Total revenue decreased to $79.5 million from $179.3 million year-over-year, with operating loss at $42.6 million compared to operating income of $55.2 million in Q1 2024.
The company is shifting focus to colocation services, targeting 250MW of billable capacity for CoreWeave by year-end, with expected annualized colocation revenue of $360 million entering 2026. Core Scientific maintains a strong liquidity position with $778.6 million in cash and digital assets. Digital asset self-mining gross margin declined to 9% from 46% year-over-year, largely due to the bitcoin halving and operational shift to colocation services.
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.
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