Harvest Portfolios Group Inc. Reduces Stock Position in Core Scientific, Inc. $CORZ
Harvest Portfolios Group Inc. significantly reduced its stake in Core Scientific (NASDAQ:CORZ) by 38.2% in the fourth quarter, selling 86,544 shares and ending with 139,850 shares valued at approximately $2.04 million. This reduction occurred despite Core Scientific reporting weaker-than-expected quarterly results, with a larger-than-forecast loss per share and slightly lower revenue. Analyst sentiment remains largely positive, holding a "Moderate Buy" consensus rating and an average price target of $28.14, with several firms raising their targets recently.
Core Scientific (NASDAQ: CORZ) officer sells 10,000 shares under 10b5-1 plan
Core Scientific officer Todd M. Duchene sold 10,000 shares of Common Stock in open-market transactions on May 18, 2026, under a pre-arranged Rule 10b5-1 trading plan. The shares were sold in two tranches at weighted average prices of $23.1244 and $23.7575. Following these sales, Duchene directly owns 1,960,348 shares of Common Stock.
Core Scientific stock drops 5.16% as price steadies above longer-term averages
Core Scientific (CORZ) stock dropped 5.16% today but remains above its key moving averages, indicating underlying strength. Technical analysis suggests a bullish structure with mixed momentum signals, including overbought conditions in the short term. The price is expected to consolidate between $21.50 and $24.50 over the next week, with a high probability of an upward breakout.
Analysts Offer Insights on Technology Companies: Dynatrace (DT) and Core Scientific Inc (CORZ)
Analysts from Wells Fargo and Jefferies have issued bullish ratings for Dynatrace (DT) and Core Scientific Inc (CORZ), respectively. Dynatrace received a Buy rating with a $50 price target, and Core Scientific Inc also got a Buy rating with a $37 price target, reflecting optimism in the Technology sector.
Susquehanna-affiliated brokers disclose 4.6% stake in Core Scientific (NASDAQ: CORZ)
A group of Susquehanna-affiliated broker-dealers has disclosed a 4.6% beneficial ownership stake in Core Scientific (NASDAQ: CORZ), totaling 14,631,891 shares. This significant holding, reported via a Schedule 13G/A filing, includes a large portion derived from derivative instruments like options and warrants. The disclosure highlights the group's substantial, albeit passive, investment in the cryptocurrency mining company.
Valiant Capital (CORZ) reports 16.2M shares, a 5.1% stake (May 2026)
Valiant Capital Management has filed an amended Schedule 13G, disclosing a beneficial ownership of 16,213,103 shares of Core Scientific, Inc. (CORZ), which represents a 5.1% stake. This holding is reported jointly by Valiant Capital Management, L.P., Valiant Capital Management, LLC, and Christopher R. Hansen, with shared voting and dispositive power. The filing, dated May 15, 2026, emphasizes that the reporting persons disclaim group membership and beneficial ownership beyond their pecuniary interest.
Core Scientific Shareholders Approve Directors, Pay and Auditor
Core Scientific shareholders elected five directors to the board, approved executive compensation on an advisory basis, and ratified KPMG LLP as the independent auditor for the fiscal year ending December 31, 2026, during their Annual Meeting of Stockholders held on May 12, 2026. The decisions reflect strong support for the company's existing leadership and financial reporting framework. Analysts currently rate CORZ as a Buy with a $33.00 price target, despite Spark's AI Analyst categorizing it as Neutral due to financial stress, offset by strong technicals and positive operational developments.
Core Scientific elects board members and approves proposals at annual meeting
Core Scientific, Inc. held its 2026 Annual Meeting of Stockholders, electing five board members, approving executive compensation on a non-binding basis, and ratifying KPMG LLP as its independent accounting firm. The company's stock is trading near its 52-week high, having returned 137% over the past year. These actions follow Core Scientific's recent Q1 2026 earnings report, which indicated a transition from Bitcoin mining to colocation infrastructure, and a raised price target from BTIG due to expanded power capacity.
Core Scientific (NASDAQ: CORZ) investors approve board, pay and KPMG
Core Scientific, Inc. (NASDAQ: CORZ) shareholders have approved the election of five directors, the compensation of named executive officers on an advisory basis, and the ratification of KPMG LLP as the independent auditor for the fiscal year ending December 31, 2026. These decisions were made at the company's 2026 Annual Meeting of Stockholders, reflecting broad support for the current board, executive pay structure, and audit relationship. The votes were detailed in an 8-K filing outlining the results.
Core Scientific stock drops 5.12% as self-mining revenue falls sharply year over year
Core Scientific (CORZ) stock dropped 5.12% as its Q1 2026 revenue increased to $115.2 million, driven by a significant shift from self-mining to colocation services, which saw revenue surge to $77.5 million. Despite the stock's daily decline, it remains above key moving averages, indicating a strong position. Analysts anticipate consolidation between $22.50 and $25.00, with further upside expected due to the company's focus on AI-related infrastructure and diversified strategy.
Todd Duchene Sells 10,000 Shares of Core Scientific Inc (CORZ)
Todd Duchene, an insider at Core Scientific Inc (CORZ), sold 10,000 shares on May 11, 2026, reducing his holding to 1,970,348 shares. This sale is part of an ongoing trend for Duchene, who has not bought shares in the past year, while the company has seen 3 insider buys against 11 insider sells. Core Scientific, a blockchain and AI infrastructure provider, was trading at $23.24 per share at the time of the transaction.
Core Scientific (CORZ) Recovers As Investors Digest Earnings Report
Core Scientific (CORZ) released its Q1 2026 earnings report, showing revenue of $115.2 million, an increase from $79.5 million year over year, primarily driven by its colocation services despite a drop in self-mining revenue. The company reported a significant loss of $347.2 million but is aggressively investing in and building AI data centers to meet high demand. Analysts view CORZ with mixed feelings, acknowledging its potential but suggesting other AI stocks might offer greater returns in a shorter timeframe.
Core Scientific (CORZ) officer sells 10,000 shares in planned open-market trades
Core Scientific, Inc. officer Todd M. Duchene sold 10,000 shares of Common Stock on May 11, 2026, in open-market transactions. These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted in December 2025, indicating they were scheduled rather than discretionary. Despite the sale, Duchene maintains a substantial direct equity position in the company.
BTIG raises Core Scientific stock price target on power capacity expansion
BTIG has increased its price target for Core Scientific Inc. (NASDAQ:CORZ) from $23 to $33, reaffirming a Buy rating due to the company's significant power capacity expansion. Core Scientific added approximately 1.2 gigawatts of approved power this year, including a new 430-megawatt site in Hunt County, Texas, and 740 megawatts at existing locations. The company also reported Q1 2026 earnings with a loss per share but strong revenue growth, indicating a successful shift from Bitcoin mining to colocation infrastructure, with HPC contracts on 30% of its power portfolio and substantial IT load delivered to CoreWeave.
Core Scientific (CORZ) CAO discloses 37,998-share Form 3 holding
Core Scientific's Chief Accounting Officer, Ray Jorge L., has reported an initial beneficial ownership of 37,998 shares of the company's Common Stock via a Form 3 filing. This holding is described as a restricted stock unit (RSU) grant, with one-third vesting on March 5, 2027, and the remainder vesting in eight equal quarterly installments, contingent on his continued service to the company. The filing provides transparency into insider ownership and the terms of his equity compensation.
Free float of Core Scientific Inc New – OTC:CORZR
This article provides financial data for Core Scientific Inc New (OTC:CORZR), specifically focusing on its free float. The report includes period, value, and change percentages related to the company's free float, indicating key metrics available to investors.
Mixed options sentiment in Core Scientific, Inc with shares down 11.96%
Core Scientific, Inc. (CORZ) experienced mixed options sentiment with its shares dropping 11.96%. Options trading volume more than doubled the daily average, with calls outpacing puts, resulting in a put/call ratio of 0.39. The company recently announced Q1 adjusted EBITDA of $4.4M, a significant improvement from the previous year's ($6.1M).
Core Scientific (NASDAQ:CORZ) Given New $29.00 Price Target at Needham & Company LLC
Needham & Company LLC has raised its price target for Core Scientific (NASDAQ:CORZ) to $29.00 from $23.00, maintaining a "buy" rating, indicating a potential upside of 17.74%. This adjustment comes as Core Scientific pursues an aggressive growth strategy, including a significant acquisition and plans to expand its AI colocation capacity through a $3.3 billion capital raise. Despite strong revenue growth in Q1, the company missed EPS estimates, leading to some market volatility.
Core Scientific (Nasdaq:CORZ) - Stock Analysis
Core Scientific (Nasdaq:CORZ) is undergoing a significant strategic shift from Bitcoin mining to high-performance computing (HPC) and AI data center colocation. The company reported Q1 FY26 revenues exceeding analyst expectations but a net loss primarily due to impairments on Bitcoin mining equipment, underscoring the financial impact of this pivot. Core Scientific is actively expanding its power capacity with new projects in Texas and Oklahoma and has secured substantial financing to support its AI infrastructure growth.
Core Scientific (CORZ) to buy 440MW Muskogee assets for $421M
Core Scientific, Inc. (CORZ) plans to acquire Polaris DS LLC's assets in Muskogee, Oklahoma, for approximately $421 million, with an additional $40 million contingent on more power capacity. This acquisition will expand Core Scientific's campus by 440 megawatts of continuous power and 40 acres of land, aiming for a total of 1.5 gigawatts gross power. The deal is expected to close in early Q3 2026, accelerating the company's high-density colocation capacity for future customers.
Core Scientific (CORZ) officer sells 10,000 shares under Rule 10b5-1 plan
Core Scientific (CORZ) officer Todd M. Duchene sold 10,000 shares of the company's common stock in open-market transactions on May 4, 2026. These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 5, 2025. After these transactions, Duchene directly holds 1,980,348 shares of Core Scientific common stock.
Core Scientific (NASDAQ: CORZ) posts Q1 2026 loss on $266M impairment
Core Scientific reported a net loss of $347.2 million in Q1 2026, primarily due to $266.5 million in non-cash impairment charges, despite revenue increasing to $115.2 million. The company is strategically shifting towards high-density colocation services, which saw revenue surge to $77.5 million, while digital asset self-mining revenue decreased. Core Scientific also highlighted improved liquidity at $1.04 billion and the closing of a $3.3 billion senior secured notes offering to support its colocation growth strategy.
Core Scientific, Inc. (CORZ) Reports Q1 Loss, Lags Revenue Estimates
Core Scientific, Inc. (CORZ) reported a Q1 loss of $0.1 per share, missing the Zacks Consensus Estimate of a $0.02 loss, and revenues of $115.24 million, falling short of estimates by 4.12%. Despite underperforming revenue expectations over the last four quarters, the stock has gained 52.4% year-to-date. The company currently holds a Zacks Rank #3 (Hold), indicating it is expected to perform in line with the market.
Core Scientific, Inc. 2026 Q1 - Results - Earnings Call Presentation (NASDAQ:CORZ) 2026-05-06
Core Scientific, Inc. (NASDAQ:CORZ) released its Q1 2026 earnings, reporting an EPS of -$0.11, missing estimates by $0.06, and revenue of $115.24 million, which beat expectations by $6.13 million and represented a 44.92% year-over-year increase. The company published a slide deck in conjunction with its earnings call.
Core Scientific, Inc. (CORZ) Q1 earnings: How key metrics compare to Wall Street estimates
This article provides a brief overview of Core Scientific, Inc.'s Q1 earnings. It will likely detail how the company's key financial metrics performed compared to Wall Street estimates. However, the provided content is empty, so no specific financial information can be summarized.
Core Scientific spent $233M on Texas land for 430 MW expansion
Core Scientific (NASDAQ: CORZ) announced its first quarter fiscal year 2026 financial results, with total revenue rising to $115.2 million, up from $79.5 million in Q1 2025. The company acquired land and power in Hunt County, Texas, for approximately $233 million, which is expected to support ~430 MW of gross power capacity and further expand its high-density colocation services. Core Scientific also strengthened its capital structure with a $3.3 billion offering of senior secured notes due 2031 to support strategic data center development projects.
Core Scientific Raises $3.3B to Expand AI Colocation
Core Scientific is transitioning its business from crypto self-mining to high-density colocation services for AI workloads, raising $3.3 billion through a senior secured notes offering to fund strategic data center projects. Despite a significant net loss in Q1 2026 due to non-cash charges, the company reported increased revenue from colocation growth and expanded its power capacity pipeline to 4.5 GW. Analysts currently rate CORZ as a Buy, while TipRanks' AI Analyst, Spark, rates it Neutral due to financial performance concerns despite strong technicals and a clear AI growth narrative.
Earnings Flash (CORZ) Core Scientific, Inc. Reports Q1 Revenue $115.2M, vs. FactSet Est of $117.0M
Core Scientific, Inc. (CORZ) reported its Q1 revenue at $115.2 million, falling short of FactSet's estimate of $117.0 million. This financial update follows other recent news regarding the company, including a swing to loss in Q1 despite rising revenue, and plans for AI data center expansion in Oklahoma.
Core Scientific Announces First Quarter Fiscal Year 2026 Results
Core Scientific, Inc. announced its financial results for the first quarter of fiscal year 2026, highlighting a significant increase in total revenue to $115.2 million, up from $79.5 million in Q1 2025, primarily driven by colocation services. The company reported a net loss of $347.2 million, which included substantial non-cash impairment charges, contrasting with a net income in the prior year. Core Scientific also strengthened its capital structure with a $3.3 billion senior secured notes offering and expanded its gross power capacity pipeline to 4.5 GW, emphasizing its strategic shift towards high-density colocation services for AI workloads.
Core Scientific (Nasdaq: CORZ) prices $3.3B 7.750% notes due 2031
Core Scientific, Inc. has priced a private offering of $3.3 billion aggregate principal amount of 7.750% senior secured notes due 2031 at 99.250% of principal. Net proceeds, estimated at $3.24 billion, will be used to fund a debt service reserve account and repay borrowings under its delayed-draw bridge credit facility totaling up to $1.0 billion. The notes are senior secured obligations, guaranteed by the issuer’s five datacenter subsidiaries, and secured by first-priority liens on substantially all of their assets, along with a completion guarantee from Core Scientific for specified datacenter projects.
Core Scientific, Inc. (CORZ) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Core Scientific, Inc. (CORZ) reported its Q1 2026 earnings, with revenues of $115.24 million, a 44.9% increase year-over-year, but missing the Zacks Consensus Estimate. The company also posted an EPS of -$0.10, falling short of analyst expectations. Key metrics like digital asset self-mining and hosted mining revenues, along with corresponding gross profits, provide a deeper look into the company's financial performance.
Core Scientific, Inc. (CORZ) Stock: Climbs as Polaris Acquisition Expands Power Capacity
Core Scientific (CORZ) shares rose significantly after the company announced its acquisition of Polaris DS LLC for $421 million, expanding its power capacity in Oklahoma. This move is part of Core Scientific's strategy to shift from Bitcoin mining to artificial intelligence and high-performance computing infrastructure, aiming for 1 gigawatt of leasable power capacity. The deal will support the development of new high-density compute facilities, with infrastructure already under construction and delivery expected in phases over the next couple of years.
Core Scientific, Inc. $CORZ Shares Purchased by Vanguard Group Inc.
Vanguard Group Inc. significantly increased its stake in Core Scientific, Inc. (NASDAQ:CORZ) during the fourth quarter, purchasing an additional 5,359,710 shares for a total of 33,960,320 shares, representing 10.95% ownership. This move aligns with a generally positive outlook from brokerages, with several analysts raising price targets and a consensus "Moderate Buy" rating for the company. Despite beating EPS estimates, Core Scientific missed revenue expectations and saw a year-over-year revenue decline, though its stock currently trades around $22 with a market capitalization near $7.0 billion.
Core Scientific Plans Expansion to 1.5 Gigawatts of Gross Power at Muskogee, Oklahoma Campus
Core Scientific, Inc. plans to expand its Muskogee, Oklahoma campus to approximately 1.5 gigawatts of gross power through a multi-tiered strategy. This expansion includes the acquisition of Polaris DS LLC, which holds 440 megawatts of contracted power, further development of new facilities, and exploration of additional grid-connected and behind-the-meter solutions. This move aims to accelerate capacity delivery for future high-density compute customers and demonstrates the scalability of Core Scientific's operational model.
Core Scientific Appoints Jorge Ray Principal Accounting Officer
Core Scientific (CORZ) has appointed Jorge Ray as its Principal Accounting Officer, effective May 7, 2026, formalizing his role as Chief Accounting Officer. Ray's extensive financial background, including roles at Raymond James Financial and BankUnited, is expected to enhance Core Scientific’s financial reporting and controls. His compensation package includes a $400,000 base salary, a target annual bonus, a significant restricted stock unit grant, and a signing bonus.
Core Scientific (CORZ) appoints Jorge Ray as Principal Accounting Officer with equity grant
Core Scientific, Inc. has appointed Jorge Ray as its Principal Accounting Officer, effective May 7, 2026. Ray's compensation package includes a $400,000 base salary, a target annual bonus of 40% of his base salary, a one-time grant of restricted stock units valued at $600,000 vesting over three years, and a $193,000 signing bonus. He previously served as Chief Accounting Officer at Core Scientific and held leadership positions at Raymond James Financial and BankUnited.
Here’s Why Core Scientific, Inc. (CORZ) Is Among The Best Software Infrastructure Stocks
Core Scientific, Inc. (CORZ) is highlighted as a top software infrastructure stock due to its strong market performance and expansion into AI infrastructure. The company's Pecos, Texas campus is being transformed into a large data center for AI, with significant power capacity. Keefe Bruyette has raised its price target for CORZ, reiterating an Outperform rating.
Core Scientific secures $500M loan facility from Morgan Stanley
Core Scientific Inc. has secured an initial $500 million 364-day loan facility from Morgan Stanley, with an option to expand it by another $500 million. The company plans to use the proceeds for general corporate purposes related to data center asset development, including transitioning its facilities to support AI-related workloads and high-density colocation services. This strategic shift aims to increase revenue from colocation services as the company moves away from its primary digital asset mining focus.
Jennison Associates LLC Takes Position in Core Scientific, Inc. $CORZ
Jennison Associates LLC purchased 966,709 shares of Core Scientific (NASDAQ:CORZ) for approximately $14.08 million, representing a 0.31% stake in the company. Other institutional investors like Vanguard Group Inc. also significantly increased their holdings. Analysts maintain a "Moderate Buy" rating with an average target price of $25.07, following recent price upgrades and a better-than-expected EPS report despite a revenue miss.
Universal Beteiligungs und Servicegesellschaft mbH Sells 324,987 Shares of Core Scientific, Inc. $CORZ
Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Core Scientific, Inc. (NASDAQ:CORZ) by 71.8% in Q4 2025, selling 324,987 shares while retaining 127,819 shares valued at $1.87 million. Insider Todd M. Duchene also sold 10,000 shares for over $200,000 in April. Core Scientific reported an EPS beat for the last quarter but missed revenue expectations, and analysts maintain a "Moderate Buy" consensus rating with an average target price of $25.07.
Sandro Wealth Management LLC Buys New Stake in Core Scientific, Inc. $CORZ
Sandro Wealth Management LLC has acquired a new stake of 308,614 shares in Core Scientific (NASDAQ:CORZ) during the fourth quarter, valued at approximately $4.49 million. This investment represents 3.7% of their portfolio and is their fifth-largest holding. Core Scientific recently reported Q4 earnings of $0.42 per share, surpassing analyst estimates, although revenue missed expectations at $79.76 million.
Core Scientific Inc New Revenue Breakdown – OTC:CORZR
Core Scientific Inc. reported total revenue of $319.02 million USD last year. The majority of this, $229.21 million USD, was generated from its Digital Asset Self-mining segment. The United States was the primary source of revenue, accounting for the entire $319.02 million USD.
Equity in earnings of Core Scientific Inc New – OTC:CORZR
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EBIT per share of Core Scientific Inc New – OTC:CORZR
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Total liabilities & shareholders' equities of Core Scientific Inc New – OTC:CORZR
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Core Scientific (CORZ) Is Down 6.0% After $3.3 Billion AI Data Center Debt Raise - Has The Bull Case Changed?
Core Scientific recently secured US$3.30 billion in debt to finance its pivot from Bitcoin mining to AI data centers, specifically expanding its Pecos, Texas campus to 1.5 gigawatts for AI workloads. This strategic shift introduces significant leverage and execution complexity, with the main risk being whether the AI hosting ramp-up can support the balance sheet, especially given customer concentration. Analysts are optimistic about the revenue potential, but the stock's current 6.0% dip suggests investor apprehension regarding the heightened risk and execution challenges associated with this transformation.
Free cash flow of Core Scientific Inc New – OTC:CORZR
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Mixed options sentiment in Core Scientific, Inc with shares up 2.56%
Core Scientific, Inc. (CORZ) saw its shares rise by 2.56% today, closing near $20.06, against a backdrop of mixed options sentiment. While options volume was relatively light, calls outnumbered puts, suggesting a modestly bullish outlook, and the implied volatility indicates an expected daily move of $1.09. The company is set to report earnings on 2026-05-06, with option markets pricing in a 50% probability of a move greater than 11.38%.
Core Scientific (CORZ) Is Down 6.0% After $3.3 Billion AI Data Center Debt Raise - Has The Bull Case Changed?
Core Scientific (CORZ) experienced a 6.0% stock drop following a $3.3 billion debt raise to fund its pivot from Bitcoin mining to AI data centers. The company is transforming its Pecos, Texas site into a 1.5 gigawatt AI-focused data center campus, intensifying its focus on high-performance computing and AI hosting. This strategic shift, backed by significant debt, increases both potential rewards and execution risks, especially concerning customer concentration and the timely ramp-up of AI hosting revenues.
Core Scientific (CORZ) officer sells 10,000 shares under 10b5-1 plan
Core Scientific officer Todd M. Duchene sold 10,000 shares of the company's Common Stock at a weighted average price of $20.939 per share on April 27, 2026. This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 5, 2025. Following the sale, Duchene directly holds 1,990,348 shares of Core Scientific common stock.
