Core Scientific, Inc. provides digital asset mining services in the United States. It operates through three segments: Digital Asset Self-Mining; Digital Asset Hosted Mining; and HPC Hosting. The company offers digital infrastructure, software solutions, and services; and operates licensing data center space facilities. It also deploys and operates own large fleet of miners within owned digital infrastructure as part of a pool of users that process transactions conducted on one or more blockchain networks; and provides hosting services for digital asset mining customers, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers’ digital asset mining equipment. In addition, the company provides electrical power, repair, and other infrastructure services to operate, maintain, and earn digital assets; and sells mining equipment to customers. Core Scientific, Inc. was founded in 2017 and is headquartered in Dover, Delaware.
AI Pivot Potential | Core Scientific's strategic shift towards AI and HPC infrastructure signals a promising diversification from Bitcoin mining, tapping into a rapidly growing market segment |
Financial Resilience | Despite revenue decline, Core Scientific maintains a strong cash position of $836 million, providing substantial liquidity for expansion plans and operational flexibility |
Analyst Optimism | Price targets range from $15 to $20, reflecting confidence in Core Scientific's growth trajectory and potential in the evolving digital infrastructure landscape |
Balancing Act | Explore Core Scientific's efforts to reduce dependence on CoreWeave while expanding its customer base, aiming for long-term stability and diversified revenue streams |
Metrics to compare | CORZ | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipCORZPeersSector | |
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P/E Ratio | −4.8x | −11.9x | 11.8x | |
PEG Ratio | 0.00 | 0.03 | 0.01 | |
Price/Book | −23.2x | 1.3x | 2.4x | |
Price / LTM Sales | 10.3x | 6.8x | 2.2x | |
Upside (Analyst Target) | 22.0% | 56.1% | 20.2% | |
Fair Value Upside | Unlock | 7.7% | 5.5% | Unlock |