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, Inc. (NASDAQ: CORZ), a leader in net carbon-neutral blockchain infrastructure, announced its participation in several investor conferences throughout March. These events include the 34th Annual Roth Conference on March 14, Cannacord Genuity Blockchain Infrastructure and Mining Conference on March 17, and others culminating in the Barclays Crypto and Blockchain Summit on March 30. Investors can access live webcasts and replays on the company's Investor Relations website. Core Scientific operates multiple data centers across North America and has a significant portfolio of patents for digital asset mining.
Core Scientific (NASDAQ: CORZ) announced preliminary 2021 financial results with revenue projected between $515 million and $545 million, net income of $50 million to $60 million, and adjusted EBITDA of $225 million to $235 million. The company produced 5,769 bitcoins in 2021 and increased its hashrate to 15.9 EH/s by February 2022. For 2022, guidance suggests a total hashrate of 40 to 42 EH/s and operating capacity of 1.2 to 1.3 GW. The company will release Q4 results on March 29, 2022.
Core Scientific (NASDAQ: CORZ) reported a strong performance in January 2022, producing 1,077 bitcoins, a remarkable 315% increase year over year. The company's self-mining operations increased its hashrate to 7.5 EH/s, with over 75,000 bitcoin miners in operation. However, the company curtailed mining on four occasions to maintain grid stability, totaling over 1,100 megawatt-hours of reduced power. As of January 31, 2022, Core Scientific held 6,373 bitcoins and provided support for an additional 7.1 EH/s through hosting activities.