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.
Foundry Digital has launched Foundry Donate, an innovative program allowing miners on Foundry USA Pool™ to directly support Bitcoin's open-source development through select nonprofits. The initiative features an automated on-chain system for miners to effortlessly donate a portion of their mined bitcoins to vetted organizations.
Key features include miners' choice of nonprofit, amount, and frequency of donations; vetted 501(c)(3) nonprofits; and full transparency with blockchain-verifiable transactions. Initially partnering with Brink and OpenSats, Foundry has committed 0.2 BTC to each, while Core Scientific (Nasdaq: CORZ) has already donated 1 BTC through the program.
Core Scientific (NASDAQ: CORZ) has announced that its tranche 2 warrants (CORZZ) are now exercisable until January 23, 2029. This follows the satisfaction of the “TEV Triggering Event” as per the Warrant Agreement with Computershare. The event occurred after the daily volume weighted average trading price (VWAP) of Core Scientific’s common stock exceeded $8.72 for 20 consecutive trading days, closing on July 11, 2024. There are 81,927,898 tranche 2 warrants outstanding, each exercisable into one share of common stock at an exercise price of $0.01 per share. CEO Adam Sullivan attributed this milestone to the company’s strong operational and trading performance, highlighting their ongoing diversification strategy in HPC hosting and bitcoin mining.
Block has announced a significant partnership with Core Scientific to supply its new 3nm ASIC mining chips, targeting approximately 15 EH/s of hashrate. This collaboration aims to enhance decentralization, transparency, and efficiency in bitcoin mining by leveraging advanced infrastructure and integrating existing technologies.
Block's Proto team focuses on developing modular mining platforms that simplify infrastructure, optimize resource use, and promote sustainability. This agreement marks a major step for Block's long-term strategy to democratize bitcoin mining and provide innovative, integrated solutions. The collaboration with Core Scientific is expected to redefine efficiency and reliability in large-scale operations, supporting Core Scientific's hashrate growth and contributing to the vitality of the Bitcoin Network.
Core Scientific (NASDAQ: CORZ) announced the mandatory conversion of its Secured Convertible Notes due 2029, eliminating $260 million of debt. This action follows the company’s emergence from bankruptcy and marks significant progress in strengthening its balance sheet.
The conversion was triggered by the stock's 20-day volume-weighted average price (VWAP) exceeding a specified threshold as of July 5, 2024. The conversion will be effective on July 10, 2024, resulting in the issuance of approximately 45 million new shares in exchange for the debt.
Additionally, the company extinguished a $3 million contingent payment obligation on July 1, 2024, further highlighting its improved financial position. CEO Adam Sullivan emphasized the company’s commitment to growth and value creation for stakeholders.
Core Scientific (Nasdaq: CORZ), a leading provider of digital infrastructure for bitcoin mining and hosting services in North America, announced key operational updates for June 2024. They secured HPC hosting contracts with CoreWeave for 270 MW of infrastructure, potentially generating over $4.7 billion in revenue over 12 years. The company mined 430 bitcoin in June, totaling 4,506 BTC for the year.
Additionally, they expanded their Denton, TX data center by 72 MW, increasing their total operational infrastructure to 832 MW. Plans to complete 100 MW of infrastructure at their Pecos, TX data center are underway. In total, Core Scientific operated 205,000 bitcoin miners, with an energized hash rate of 24.6 EH/s across its seven data centers.
The company earned nearly $31.6 million from bitcoin sales in June and continues to engage with potential clients for its remaining 230 MW of infrastructure. These developments align with their strategy to leverage high-power digital infrastructure in response to growing AI-driven data center demand.
Core Scientific has announced a significant new contract with CoreWeave, an AI Hyperscaler, to deliver approximately 70 MW of additional infrastructure for high-performance computing (HPC) operations. This contract, part of a previously announced 200 MW, 12-year deal, will increase Core Scientific's total owned and contracted infrastructure for HPC hosting to approximately 270 MW.
The site modifications are slated to begin in the second half of 2024, with operations expected by the second half of 2025. The new agreement is projected to add $1.225 billion in cumulative revenue over 12 years, on top of the previously announced $3.5 billion.
Core Scientific's CEO, Adam Sullivan, highlighted the company's ability to rapidly deploy and build application-specific data centers to meet future computing needs. The agreement also includes options for two five-year renewal terms and further expansion possibilities, potentially making Core Scientific one of the largest data center operators in the U.S., with a total of nearly 500 MW for HPC hosting.
Core Scientific, one of North America's largest bitcoin mining and hosting service providers, announced it will webcast its Investor and Analyst presentation on June 12, 2024. The event will begin at 11:15 am CT and end at 1:15 pm CT. It will feature CEO Adam Sullivan, CFO Denise Sterling, EVP of Data Center Operations Matt Brown, and other management team members. The live webcast and slide presentation can be accessed online, with a call-in option available at +1 (877) 407-1875 (toll-free) or +1 (215) 268-9909, using confirmation number 13747030. An archived recording and presentation slides will be available on the Core Scientific website.
Core Scientific, a leading provider of digital infrastructure for bitcoin mining and hosting, has rejected an unsolicited proposal from CoreWeave offering $5.75 per share in cash.
The Board, after consulting financial and legal advisors, deemed the offer undervalued and not in shareholders' best interests.
Core Scientific emphasized its ongoing 12-year contracts with CoreWeave, which are expected to generate over $3.5 billion in cumulative revenue.
The company continues to focus on expanding its high-performance compute (HPC) hosting business while maintaining its bitcoin mining operations.
Shareholders are advised that no action is required.
Moelis & Company and Sidley Austin LLP are advising Core Scientific.
Core Scientific (Nasdaq: CORZ) reported its May 2024 production and operations updates. The company mined 447 self-mined bitcoins, totaling 4,076 bitcoins year-to-date, while customers mined 128 bitcoins. Core Scientific operated 219,000 bitcoin miners with a total hash rate of 26.1 exahash as of May 31, 2024. The company announced new hosting contracts with CoreWeave, estimated to generate $3.5 billion in revenue over 12 years. However, the production metrics showed a decline from April 2024, with reduced bitcoin production and sales proceeds. The company's strategies included reducing power consumption to maximize profitability and replacing older miners with new S21 models. Upcoming events include an investor and analyst event on June 12, 2024, and Mining Disrupt on June 25-26, 2024.
Core Scientific (NASDAQ: CORZ), a leader in high-powered digital infrastructure, has signed 12-year contracts with AI hyperscaler CoreWeave to provide approximately 200 MW of infrastructure for high-performance computing (HPC) operations. These contracts aim to generate over $3.5 billion in revenue over the initial term. Core Scientific will modify its existing sites to host CoreWeave’s NVIDIA GPUs, with operations expected to commence in the second half of 2024 and become fully operational by mid-2025. The agreement will enhance Core Scientific’s business model, balancing bitcoin mining and compute hosting, and is expected to deliver significant, recurring, and high-margin revenues, estimated at around $290 million annually.