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) is active in data processing, hosting and related services, with a focus on digital infrastructure for high-density colocation and digital asset mining. News about Core Scientific often centers on its strategic shift from a primarily bitcoin mining profile toward a broader role in high-performance computing and artificial intelligence-related workloads.
Recent company announcements highlight its plan to convert most existing facilities to support AI-related workloads and next generation colocation services, while repurposing remaining digital asset mining sites for high-density colocation computing. Investors following CORZ news can track updates on this transition, including changes in revenue mix among digital asset self-mining, hosted mining and high-density colocation segments.
Another key news theme is corporate and capital markets activity. Core Scientific entered into an Agreement and Plan of Merger with CoreWeave, Inc. in July 2025, which would have resulted in an all-stock acquisition. Subsequent press releases and Form 8-K filings reported the scheduling of a special meeting of stockholders, proxy-related communications and litigation challenging merger-related disclosures. On October 30, 2025, the company announced that stockholders did not approve the merger proposal and that the Merger Agreement was terminated, with Core Scientific remaining a standalone, publicly traded company on Nasdaq.
Coverage of CORZ also includes quarterly financial results, such as revenue contributions from digital asset self-mining, hosted mining and high-density colocation, as well as investor calls and presentations. In addition, third-party commentary from shareholders and potential acquirers provides perspectives on Core Scientific’s assets, power access and role in the AI infrastructure build-out. For ongoing context on these developments, the CORZ news page aggregates company releases, investor communications and related market commentary.
Core Scientific (NASDAQ: CORZ) has priced an upsized offering of $550 million convertible senior notes due 2031, increased from the previously announced $500 million. The zero-interest notes will mature on June 15, 2031, with an initial conversion rate of 44.4587 shares per $1,000 principal amount, representing a conversion price of approximately $22.49 per share. The company granted initial purchasers an option to buy an additional $75 million in notes. The net proceeds, estimated at $535.6 million (or $608.7 million if the option is exercised), will be used for general corporate purposes including working capital, operating expenses, and capital expenditures.
Core Scientific (NASDAQ: CORZ) has announced plans to offer $500 million in convertible senior notes due 2031 through a private offering to qualified institutional buyers. The company may grant initial purchasers an option for an additional $75 million in notes. The notes will be senior, unsecured obligations with semi-annual interest payments. Noteholders can convert their notes to cash, common stock, or a combination thereof. The notes will be redeemable after June 22, 2028, subject to conditions, and holders can request repurchase on December 15, 2027. Proceeds will fund general corporate purposes, including working capital, operations, acquisitions, and security repurchases.
Core Scientific (Nasdaq: CORZ) announced the Denton City Council's approval of amendments to its Power Purchase Agreements and land leases. The changes expand the company's leased land from 31 to 78 acres and increase power access from 297 to 394 megawatts. The expansion is expected to bring a $6.1 billion real property investment. The company plans to host one of North America's largest GPU supercomputers for AI computing at the Denton facility. Core Scientific currently operates nine data centers across six states, with an additional center under development in Oklahoma.
Core Scientific (Nasdaq: CORZ) has broken ground on a new 100-megawatt high-performance computing data center in Muskogee, Oklahoma, in partnership with CoreWeave and Port Muskogee. The facility will host CoreWeave's NVIDIA GPUs, providing 70 MW for GPU operations and 30 MW for ancillary systems. This project is part of a larger 500 MW contract with CoreWeave, valued at $8.7 billion over 12 years. The facility, expected to be operational in 2026, will generate approximately $182 million in local economic benefits, create 150 jobs with average salaries over $65,000, and contribute over $12 million in tax revenue.
Core Scientific (NASDAQ: CORZ) reported fiscal Q3 2024 results with a net loss of $455.3 million, primarily due to a $408.5 million non-cash mark-to-market adjustment to warrants. Total revenue was $95.4 million, down from $112.9 million year-over-year. The company generated adjusted EBITDA of $10.1 million and earned 1,115 self-mined bitcoin. Core Scientific completed a $460 million convertible note offering, using $211.2 million to repay existing senior debt, reducing interest rates from 12.5% to 3%. The company secured approximately 500 megawatts of HPC contracts, potentially generating $8.7 billion over 12-year contracts.
Core Scientific (Nasdaq: CORZ) released its October 2024 operations update, reporting 369 self-mined Bitcoin and an estimated 52 Bitcoin earned by hosting customers. The company operated approximately 185,000 bitcoin miners across its data centers, achieving a total energized hash rate of 21.8 EH/s. Core Scientific sold 370 Bitcoin for approximately $24.2 million in proceeds. The company completed a 100 MW infrastructure expansion at its Pecos, TX facility and contributed to grid support by delivering 26,748 megawatt hours to local electrical grids.
Core Scientific (NASDAQ: CORZ) has announced its upcoming third quarter fiscal year 2024 earnings release and conference call schedule. The company will release financial results after market close on November 6, 2024, followed by a conference call and webcast at 3:30 PM CST. The presentation will be led by CEO Adam Sullivan, CFO Denise Sterling, and SVP of Investor Relations Steven A. Gitlin. Investors can access the live webcast through the company's investor relations website, and an audio replay will be available until November 19, 2024.
Core Scientific (Nasdaq: CORZ) released its unaudited production and operations updates for September 2024. The company earned 345 self-mined Bitcoin in September, bringing the year-to-date total to 5,621 and the third quarter total to 1,115. Key highlights include:
- Completion of ASIC miner migration from two data centers for HPC conversion
- Commencement of substation work in Muskogee, OK for a planned 100MW data center
- Progress on the 100MW expansion of the Pecos, TX bitcoin mining data center
- Total energized hash rate of 23.4 EH/s as of month-end
- Approximately 198,000 bitcoin miners in operation
- 370 Bitcoin sold in September, generating approximately $22.2 million in proceeds
The company continues to focus on expanding its infrastructure portfolio and delivering powered infrastructure for AI GPU cloud workloads in the first half of 2025.
Core Scientific (Nasdaq: CORZ) has announced a 30-day extension of CoreWeave's option to contract 118 megawatts of infrastructure for high-performance computing (HPC). This extension is part of a larger agreement where CoreWeave has already contracted a total of 382 megawatts of infrastructure to support HPC hosting operations across multiple Core Scientific data centers. The extension aims to accommodate design, supply chain, and construction timeline development activities.
This development highlights Core Scientific's expanding role in providing digital infrastructure for both bitcoin mining and HPC, positioning the company as a key player in the growing demand for advanced computing capabilities.
Core Scientific (NASDAQ: CORZ) has announced that CFO Denise Sterling will step down effective May 1, 2025, or when a successor is found. The company has started a search process with an executive search firm. CEO Adam Sullivan praised Sterling's leadership during the company's restructuring, $460 million convertible note offering, and positioning for future growth. Sterling expressed her commitment to continue building momentum and advancing strategic initiatives, including the high-performance computing hosting strategy, during the transition period. Core Scientific is a leader in digital infrastructure for bitcoin mining and high-performance computing.