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. designs, builds and operates large-scale, purpose-built data centers for high-density colocation services serving AI-related workloads. Company news centers on data center campus development, power-capacity expansion, customer and partnership activity, and the ongoing shift from digital asset mining toward high-density colocation revenue.
Updates also cover Core Scientific’s remaining digital asset self-mining and hosted mining activities, financing actions used to support data center development, and operating results tied to its facilities in Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma and Texas.
Core Scientific (NASDAQ: CORZ) reported Q1 FY2026 results on May 6, 2026. Total revenue was $115.2M, colocation revenue $77.5M, and digital asset self-mining revenue $30.1M. Gross profit was $30.1M; net loss was $347.2M, including $266.5M of non-cash impairments.
Recent transactions: closed $3.3B 7.75% senior secured notes due 2031, acquired land/power in Hunt County for ~$233M, expanded gross power capacity pipeline to 4.5 GW, and reported liquidity of $1.04B as of March 31, 2026.
Core Scientific (Nasdaq: CORZ) announced plans to scale its Muskogee, Oklahoma campus to ~1.5 GW gross (≈1.0 GW leasable), including an agreement to acquire Polaris DS LLC with 440 MW of contracted gross power.
The transaction, subject to regulatory approvals, is expected to close in Q3 2026 and be funded from existing liquidity; construction began on an unleased 82.5 MW building for initial delivery in Q4 2027. The company secured ~250 acres and is conducting load studies and behind-the-meter planning for additional grid-connected capacity.
Core Scientific (Nasdaq: CORZ) plans to expand its Pecos, Texas campus to approximately 1.5 GW gross power capacity, translating to about 1.0 GW leasable. The site conversion from bitcoin mining (current 300 MW) to AI data center use is underway, with the first data hall footings set and precast walls arriving. Core secured an incremental 300 MW utility capacity, more than 200 acres of land, and expects initial capacity to be available in early 2027. The company also plans a scalable behind-the-meter solution to add further capacity.
Core Scientific (NASDAQ: CORZ) will release first quarter fiscal 2026 results after markets close on Wednesday, May 6, 2026.
Management will host a conference call and live audio webcast to discuss results at 3:30 p.m. Central Time (4:30 p.m. ET), featuring CEO Adam Sullivan, COO Matt Brown, CFO Jim Nygaard, and VP Investor Relations Jon Charbonneau. A replay will be archived on the investor website.
Core Scientific (Nasdaq: CORZ) priced $3.3 billion of 7.750% senior secured notes due 2031 at an issue price of 99.250%.
The offering, expected to close on May 6, 2026, will fund a debt service reserve account; remaining proceeds will be distributed to Core Scientific, which plans to repay delayed draw term loans.
The Notes are secured by first-priority liens and guaranteed by four subsidiary datacenter entities, and Core Scientific will provide a completion guarantee for four Projects in Dalton, Denton, Marble and Muskogee.
Core Scientific (Nasdaq: CORZ) announced a proposed private offering of $3.3 billion aggregate principal amount of senior secured notes due 2031. The Issuer intends to use net proceeds to fund a debt service reserve account and to distribute remaining proceeds to Core Scientific.
The company intends to use part of those proceeds to repay in full its outstanding delayed draw term loans under its 364-day credit facility. The Notes will be fully guaranteed by five subsidiary guarantors and secured by first-priority liens on substantially all assets of the Issuer and guarantors. The offering is for qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S and is subject to market conditions and closing uncertainties.
Core Scientific (Nasdaq: CORZ) closed an additional $500 million commitment from J.P. Morgan under the accordion of its 364-day credit facility, bringing total funded commitments to $1.0 billion.
Borrowings under the Facility carry interest at SOFR + 250 bps and proceeds are intended for general corporate purposes tied to data center development, equipment purchases, real property acquisition, pre-development costs, and energy procurement agreements.
Core Scientific (NASDAQ: CORZ) announced a multi-year global partnership naming the company as Official Data Center Partner to Cadillac Formula 1 Team. Core Scientific will advise and design high-density data center infrastructure for the team's new U.S. headquarters in Indianapolis, supporting simulation, engineering, manufacturing and race operations.
The agreement includes strategic consulting, architectural guidance, cloud-hybrid optimization for U.S. and U.K. operations, and long-term scalability ahead of the 2026 season; Core Scientific branding debuted at the Australian Grand Prix.
Core Scientific (Nasdaq: CORZ) completed an initial closing of a $500 million 364-day loan facility from Morgan Stanley, with an accordion to increase commitments by up to an additional $500 million for total commitments of up to $1.0 billion, subject to customary conditions.
Borrowings bear interest at SOFR + 250 bps and proceeds are intended for general corporate purposes tied to data center development, equipment, real property, and energy procurement.
Core Scientific (NASDAQ: CORZ) reported Q4 2025 results: total revenue of $79.8M, colocation revenue of $31.3M, gross profit of $20.8M and net income of $216.0M. Capital expenditures were $279.2M, with $226.2M funded by CoreWeave.
The company disclosed a material restatement of prior periods due to improper capitalization of assets committed to demolition and will restate multiple 2024–2025 interim and annual periods.