Core Scientific, Inc. Schedules Fourth Quarter Fiscal Year 2025 Earnings Release, Conference Call and WebcastFeb 23, 2026 7:00 AM Eastern Standard Time# Core Scientific, Inc. Schedules Fourth Quarter Fiscal Year 2025 Earnings Release, Conference Call and WebcastShare---AUSTIN, Texas--([BUSINESS WIRE])--Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific†or the "Company†), a leader in digital infrastructure for high-density colocation, today announced it will release its fourth quarter and fiscal year 2 ...

On February 12, 2026, Oasis Management Co Ltd. disclosed a new position in Core Scientific (NASDAQ:CORZ), acquiring 2,643,729 shares worth $38.49 million. What happened According to a Securities and Exchange Commission (SEC) filing dated February 12, 2026, Oasis Management Co Ltd. reported acquiring 2,643,729 shares of Core Scientific as a new position. The quarter-end value of the position stood at $38.49 million, which accounts for both the purchase and the stock’s price movement during the period. Wh ...

Core View - Helix Partners Management increased its stake in Core Scientific by purchasing 350,000 additional shares, valued at approximately $6.10 million, reflecting confidence in the company's future prospects [2][8]. Company Overview - Core Scientific is a leading provider of digital asset mining and blockchain infrastructure services in North America, utilizing advanced data center facilities and proprietary software to enhance mining efficiency [6][9]. - The company operates a dual business model, generating revenue from both direct digital asset mining and recurring fees from hosting services for institutional clients [9]. Financial Performance - For the trailing twelve months (TTM), Core Scientific reported revenue of $334.18 million, with a net income loss of $768.31 million [4]. - In the third quarter, the company generated $81.1 million in revenue, with high-density colocation revenue increasing to $15.0 million from $10.3 million year-over-year, despite a decline in total revenue [11]. - As of February 12, 2026, Core Scientific's stock price was $17.48, reflecting a 44.58% increase over the past year, outperforming the S&P 500 by 31.68 percentage points [4][8]. Investment Implications - Core Scientific now constitutes 27.41% of Helix Partners Management's assets under management, indicating a strong conviction in the company's potential [8][10]. - The company is pivoting towards high-density colocation services tied to AI workloads, with significant capital expenditures funded by CoreWeave [12].

Group 1 - Core Scientific, Inc. (CORZ) is recognized as one of the best Strong Buy tech stocks, indicating strong investment potential [1] - Keefe, Bruyette & Woods raised the price target for CORZ from $19 to $25 while maintaining an Outperform rating, reflecting confidence in the company's transition from bitcoin mining to high-performance computing leasing [2] - On February 6, 2026, CORZ shares increased by $1.61, or 10.9%, to approximately $16.43, with significant options activity indicating a bullish market sentiment ahead of the earnings report [3] Group 2 - Core Scientific specializes in large-scale digital asset mining and high-density colocation services, operating data centers and mining equipment, and is expanding into AI and high-performance computing workloads [4] - While CORZ shows potential, there are AI stocks considered to have greater upside potential and less downside risk, suggesting a competitive landscape in the tech investment space [5]

Core Scientific Overview - Core Scientific is a leading provider of blockchain infrastructure and digital asset mining services, operating at scale across North America, combining proprietary software, high-capacity datacenter operations, and a dual-revenue model focused on self-mining and hosting for third-party clients [6] - The company targets institutional clients and enterprise-scale miners seeking secure, high-performance blockchain processing and hosting capabilities [9] Recent Financial Performance - In the third quarter, revenue fell to $81.1 million from $95.4 million a year earlier, driven by a 55% year-over-year drop in Bitcoin mined, partially offset by higher prices, while hosted mining revenue was cut nearly in half [10] - Colocation revenue rose to $15.0 million from $10.3 million as new capacity came online, indicating a positive trend in this segment [10] - Capital expenditures reached $244.5 million during the quarter, largely tied to infrastructure buildouts, while adjusted EBITDA slipped to a $2.4 million loss [11] - Liquidity remains substantial at roughly $695 million between cash and Bitcoin holdings, but net losses were still $146.7 million for the quarter [11] Market Position and Stock Performance - As of February 6, shares of Core Scientific were priced at $14.82, up 17% over the past year, slightly outperforming the S&P 500's roughly 13% gain over the same period [3] - The market capitalization of Core Scientific is $4.59 billion, with a revenue of $334.18 million and a net income of ($768.31 million) for the trailing twelve months [4] Strategic Shift - Core Scientific is in the middle of a pivot away from volatile self-mining toward high-density colocation, which is showing up clearly in the numbers [7] - The exit of Pier Capital from its holdings in Core Scientific indicates a risk reduction strategy rather than a timing call, emphasizing the company's need to execute a capital-intensive transformation [12]

Core Sentiment Shift - Core Scientific Inc. has experienced a significant shift in market sentiment, with its momentum score increasing from 78.59 to 87.83 [1] Bullish Momentum And Price Trends - Keefe, Bruyette & Woods raised its price target for Core Scientific from $19 to $25, indicating a positive outlook [2] - The 'Outperform' rating reflects the company's strategic shift from Bitcoin mining to high-performance computing (HPC) leasing [2] - Core Scientific's momentum is ranked favorably against other stocks, showing an upward trend across short, medium, and long-term timeframes [3] Strategic Pivot To AI Infrastructure - The company is transitioning its power infrastructure from cryptocurrency mining to AI-focused HPC hosting, aligning with fundamental market shifts [4] - Analysts anticipate an attractive setup for the company ahead of expected pipeline updates and new colocation deals [4] Analyst Upgrades - BTIG analyst Gregory Lewis upgraded Core Scientific to "Buy," suggesting the company is well-positioned following a rejected merger with CoreWeave [5] Stock Performance - Shares of Core Scientific have risen 12.51% in 2026, with a 31.79% increase over the last six months and a 45.90% rise over the past year [6] - The stock closed at $17.99, down 4.51% on Friday, and saw a premarket decline of 2.95% on Monday [6]

Core View - Core Scientific Inc. (NASDAQ:CORZ) is recognized as one of the best performing new tech stocks to buy, with a price target raised to $25 from $19 by Keefe Bruyette, reflecting a positive outlook ahead of the Q4 2025 report [1] - The company is transitioning from bitcoin mining to high-performance computing (HPC) leasing, although its shares are still largely valued based on existing CoreWeave leases [1] Analyst Upgrades - BTIG analyst Gregory Lewis upgraded Core Scientific from Neutral to Buy with a price target of $23, following the rejection of its merger with CoreWeave [2] - Lewis noted that Core Scientific has been one of the worst-performing stocks among those with contracts to convert power infrastructure from crypto mining to HPC, but expects the company to secure additional HPC colocation contracts by 2026 [3] Company Operations - Core Scientific provides digital asset mining services in the US, operating through three segments: Digital Asset Self-Mining, Digital Asset Hosted Mining, and HPC Hosting [4]

Core Insights - The investment by Nvidia in CoreWeave highlights the increasing demand for high-performance computing in AI applications, while also presenting challenges for independent bitcoin miners transitioning to AI infrastructure [1][3] - Shares of bitcoin miners like Cipher Mining, CleanSpark, IREN, and TeraWulf fell between 5% and 9% due to concerns that CoreWeave's dominance in the AI infrastructure market could limit growth opportunities for other miners [2] - CoreWeave's market capitalization of $53 billion is already half of the peak valuation of the entire bitcoin-AI mining sector, indicating significant competitive pressure on smaller players [3] Market Reactions - The decline in shares of bitcoin miners signals a commitment between Nvidia and CoreWeave, with GPU resources increasingly allocated to this partnership, potentially reducing funding opportunities for independent miners [3] - CleanSpark's shares dropped about 9% due to perceived outage risks related to its Tennessee operations and governance concerns stemming from a substantial CEO pay package [5] - Core Scientific and Hut 8 are exceptions, with Core Scientific's shares rising nearly 2% and Hut 8's shares increasing by 0.2%, as both companies have diversified into AI hosting and high-performance computing [6][7] Industry Trends - The shift towards AI by bitcoin miners is not new, as they have been repurposing their data centers for more profitable workloads amid shrinking mining rewards and rising power costs [8] - Nvidia's recent actions suggest that resources may increasingly be directed towards larger, more integrated players like CoreWeave, compelling smaller firms to adapt or consolidate [8] - The industry is showing signs of inevitable consolidation as it matures, indicating a potential shift in competitive dynamics [4]

Core Viewpoint - Core Scientific Inc. (NASDAQ:CORZ) is recognized as a promising investment in the cryptocurrency and blockchain sector, with recent upgrades indicating strong growth potential and undervaluation concerns [1][2]. Group 1: Stock Performance and Valuation - BTIG upgraded Core Scientific from Neutral to Buy, maintaining a price target of $23, citing the stock's underperformance compared to peers in artificial intelligence computing contracts [1][2]. - The stock has declined approximately 30% over the past two months, trading at a valuation of $4 million per megawatt, significantly lower than the $7 million per megawatt of competitors with high-performance computing contracts [2]. Group 2: Future Growth Prospects - BTIG anticipates that Core Scientific will secure additional high-performance computing colocation contracts by 2026, supported by increasing demand for computing power infrastructure [3]. - Citizens previously upgraded the stock to Market Outperform with a $30 price target, highlighting the company's strong growth prospects and solid power pipeline for future high-performance computing agreements [4]. Group 3: Business Focus - Core Scientific operates large-scale data centers, initially focused on Bitcoin mining but is now transitioning to provide high-density infrastructure for artificial intelligence and high-performance computing workloads, along with power, cooling, and specialized hosting services for third-party clients [5].

Core View - Core Scientific, Inc. (NASDAQ:CORZ) is recognized as one of the software stocks with significant upside potential, with growing investor confidence in its growth outlook [1] - The company is expected to deliver 400 MW of data center capacity to new clients by 2026, indicating strong future growth prospects [1] Investment Commentary - Trip Miller, a key investor, believes that CoreWeave's $9 billion acquisition undervalued Core Scientific and anticipates announcements of over 100 MW of new deals within the next 90 days, suggesting untapped value [2] - The acquisition attempt by CoreWeave failed to gain sufficient shareholder support, leading to upgrades from multiple investment firms [2] Stock Upgrade - KeyBanc upgraded Core Scientific's stock to a Buy with a target price of $23, representing a potential upside of 41.63% from current levels [3] Company Overview - Core Scientific operates as a digital asset mining services provider in the United States, with segments including Digital Asset Hosted Mining, Digital Asset Self-Mining, and HPC Hosting, offering software solutions and digital infrastructure [4]