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Core Scientific Inc - CORZ STOCK NEWS

Welcome to our dedicated news page for Core Scientific (Ticker: CORZ), a resource for investors and traders seeking the latest updates and insights on Core Scientific.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Core Scientific's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Core Scientific's position in the market.

News
Core Scientific to Expand its Denton, Texas Bitcoin Mining Data Center by 72 Megawatts
Rhea-AI Summary
Core Scientific, Inc. (Nasdaq: CORZ) announces a 72-megawatt expansion of its Denton, Texas bitcoin mining data center, increasing total operational infrastructure to 197 MW by Q2 2024. The company aims to optimize mining capacity, efficiency, and hash rate productivity while highlighting the strategic advantage of owning and controlling infrastructure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.89%
Tags
none
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News
Core Scientific Files Registration Statement for Shares Held by Existing Shareholders
Rhea-AI Summary
Core Scientific, Inc. (Nasdaq: CORZ) files a registration statement for 10.8 million shares held by existing shareholders, bringing the total current share count to 177.6 million. The company is not selling any shares and will not receive proceeds from the sale. The registration statement is with the SEC but not yet effective.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.98%
Tags
none
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News
Core Scientific Announces March 2024 Production and Operations Updates
Rhea-AI Summary
Core Scientific, Inc. (CORZ) reported impressive results for March 2024, earning 906 self-mined bitcoin and an estimated 309 customer-earned bitcoin. They deployed 2,500 S21 miners, expanded infrastructure to 745 megawatts, and operated 224,000 owned and hosted bitcoin miners. The total energized hash rate reached 25.6 exahash, with 16 megawatts delivered ahead of schedule for a high-performance computing client.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
Tags
none
News
Core Scientific Announces Fiscal Fourth Quarter and Full Fiscal Year 2023 Results
Rhea-AI Summary
Core Scientific, Inc. (NASDAQ: CORZ) reported strong financial results for fiscal year 2023, earning 19,274 bitcoins and operating a total hash rate of 23.2 EH/s. Despite a decrease in total revenue, the company saw an improvement in adjusted EBITDA and net loss. The company's CEO, Adam Sullivan, highlighted the growth plan for self-mining hash rate and the strategic contract with CoreWeave, Inc. for AI computing demands.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.21%
Tags
earnings
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News
Core Scientific to Provide CoreWeave up to 16 MW of Data Center Infrastructure to Support AI and HPC Workloads in Long Term Hosting Contract with Potential Revenue of More than $100 Million
Rhea-AI Summary
Core Scientific, Inc. (CORZ) announces a multi-year contract with CoreWeave for up to 16 MW of data center infrastructure in Austin, TX, potentially generating over $100 million in revenue. The contract is expected to be accretive to earnings by 2024. Core Scientific's strategic move broadens its revenue model to include high-performance computing (HPC) alongside bitcoin mining.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.21%
Tags
AI
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News
Trinity Capital Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Trinity Capital Inc. (TRIN) reports record quarterly net investment income of $25.1 million in Q4 and annual net investment income of $89.9 million in 2023. Return on average equity hits 16.9% in Q4, with total investment income reaching $47.8 million. Trinity's financial results showcase growth in portfolio and total gross investments funded, along with a 12th consecutive increase in the regular quarterly dividend.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.49%
Tags
earnings
News
Core Scientific, Inc. Schedules Full Fiscal Year 2023 Earnings Release, Conference Call and Webcast
Rhea-AI Summary
Core Scientific, Inc. (NASDAQ: CORZ) will release its financial results for the full fiscal year ended December 31, 2023, on March 12, 2024. The conference call and webcast to discuss the results will be hosted by the CEO, CFO, and SVP of Investor Relations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.49%
Tags
earnings
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News
Core Scientific Announces February 2024 Production and Operations Updates
Rhea-AI Summary
Core Scientific, Inc. provided an update for February 2024, operating 222,000 bitcoin miners and earning 893 self-mined bitcoin with customers earning 307 bitcoin. The company increased its self-mining hash rate, completed all payments for miner orders in 2024, and focused on new miner purchases and infrastructure growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.49%
Tags
none
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News
Core Scientific Announces January 2024 Production and Operations Updates
Rhea-AI Summary
Core Scientific, Inc. (Nasdaq: CORZ) released production and operations updates for January 2024, including self-mined bitcoin production, fleet energy efficiency, and expansion plans. The company produced 1,027 self-mined bitcoin and 354 hosted miners' bitcoin, with improved fleet efficiency by 5%. They also relisted on Nasdaq with a strengthened balance sheet and a growth plan for additional infrastructure in Texas. Core Scientific aims to reduce leverage and position itself favorably for the upcoming halving.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.37%
Tags
none
News
Core Scientific, Inc. Emerges from Chapter 11 with Strengthened Balance Sheet and Enhanced Competitive Position
Rhea-AI Summary
Core Scientific, Inc. successfully completes reorganization pursuant to Chapter 11 of the United States Bankruptcy Code. Expects to list its common stock, tranche 1 warrants, and tranche 2 warrants on the Nasdaq Global Select Market under the symbols CORZ, CORZW, and CORZZ on January 24, 2024. The reorganization reduced the company's debt by $400 million and provides a pathway to de-lever the balance sheet further, with sufficient liquidity from a new credit facility and projected operating cash flow. The company operates as one of the largest bitcoin miners in North America, with 724 megawatts of power and 16.9 exahash of energized hash rate for bitcoin mining. Core Scientific also announced its new Board of Directors, comprising six new independent directors with relevant expertise to guide the company's growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
acquisition
Stock CORZ logo
Core Scientific Inc

Nasdaq:CORZ

CORZ Rankings

#2759 Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

CORZ Stock Data

556.85M
151.08M
13.38%
8.53%
4.01%
Data Processing, Hosting, and Related Services
Information
Link
US
Austin

About CORZ

Core Scientific, Inc. operates facilities for digital asset mining and colocation services in North America. It provides blockchain infrastructure, software solutions, and services.