In January, U.S. bitcoin miner Core Scientific was bankrupt and battling angry lenders. Since its return to the stock market that month, the share price is up 140% as the company aggressively goes after building a business in artificial intelligence. On Tuesday, the mining firm announced an expanded deal worth $6.7 billion with CoreWeave, an Nvidiabacked startup that's one of the main providers of the chipmaker's technology for running AI models. Core Scientific will deliver an additional 112 megawatts of c ...

The first-of-its-kind program allows miners on Foundry USA Pool™ to directly contribute to bitcoin's opensource development through select nonprofits ROCHESTER, N.Y., July 23, 2024 /PRNewswire/ -- Foundry Digital LLC ("Foundry" or the "Company"), a decentralized infrastructure company providing mining, staking, and decentralized AI software and services, today unveiled Foundry Donate, an innovative program that connects miners in Foundry USA Pool™ with nonprofit organizations that fund core developers of th ...

Loading... In June 2024, Core Scientific announced a deal with CoreWeave (private), following which shares went up meaningfully. In what has now been extended, CoreWeave will lease 270 MW from Core Scientific for 12 years, and pay the company a total of $4.725 billion over that duration, amounting to ~$1.45 million per MW. What is most differentiated about this deal that other miners will not be able to replicate is the fact that CoreWeave will fund the entire capex buildout itself (~$1.3 billion). Core Sci ...

The mean estimate comprises five short-term price targets with a standard deviation of $3.22. While the lowest estimate of $8.50 indicates a 22.8% decline from the current price level, the most optimistic analyst expects the stock to surge 54.4% to reach $17. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. Price, Consensus and EPS Surprise While Wall Street analysts ...

But the Bitcoin halving, which took place on April 19, changes everything. We've now entered a new halving cycle, and changes brought about by the Bitcoin algorithm could have profound implications for mining stocks over the next 12 months. Let's take a closer look. That's why the period immediately following the halving is filled with so much uncertainty. Bitcoin miners need to make up for their dramatic revenue shortfall, otherwise they could go out of business. Even before the halving took place in April ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40046 Core Scientific, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...

Exhibit 99.1 corescientific.com Core Scientific Announces Fiscal First Quarter 2024 Results Fiscal First Quarter 2024 Highlights AUSTIN, Texas, May 8, 2024 - Core Scientific, Inc. (NASDAQ: CORZ), a leader in bitcoin mining, specializing in application-specific digital infrastructure for emerging high-value compute, today announced financial results for the fiscal first quarter of 2024. Net income was $210.7 million, as compared to a net loss of $0.4 million for the same period in 2023. Total revenue was $17 ...

Core Scientific, Inc. (NASDAQ:CORZ) Q4 2023 Earnings Conference March 12, 2024 4:30 PM ET Company Participants Steven Gitlin - SVP, Investor Relations Adam Sullivan - CEO Denise Sterling - CFO Conference Call Participants Joe Flynn - Compass Point John Todaro - Needham & Company Lucas Pipes - B. Riley Rosemary Sisson - Odeon Capital Joseph Vafi - Canaccord Genuity Kevin Dede - H.C. Wainwright Jack Chan - Imperial Capital Gregory Lewis - BTIG Darren Aftahi - ROTH MKM Josh Schimmer - Cantor Fitzgerald Operato ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) 网 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal vear ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 □ For the transition period from to Commission file number 001-40046 Core Scientific, Inc. 19904 (Zip Code) (Exact name of registrant as specified in its charter) Delaware 86-1243837 (I.R.S. Emplo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40046 Core Scientific, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...