Core Scientific Shifts To HPC Leasing Model After Rejected CoreWeave Merger [Yahoo! Finance]
Core Scientific, Inc. (CORZ)
Company Research
Source: Yahoo! Finance
Core Scientific (NasdaqGS:CORZ) is shifting its primary focus from bitcoin mining to high performance computing leasing. The company is repositioning its data center capacity toward HPC contracts following shareholder rejection of a proposed merger with CoreWeave Inc. This change reflects a move toward serving compute intensive workloads for external clients instead of concentrating mainly on self mining. For you as an investor, the key point is that Core Scientific is no longer positioning itself purely as a bitcoin miner, but as a provider of compute infrastructure that can be leased to third parties. This aligns the business more closely with data center and cloud style models that rely on contracted usage of power and compute instead of mainly tying economics to bitcoin pricing. The mix between self mining and HPC leasing, the duration and size of new contracts, and how efficiently Core Scientific uses its existing sites are central questions. The rejection of the CoreWea
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CORZ
News
- Luxor sues Giga and former employee for alleged poaching, client theft [Yahoo! Finance]Yahoo! Finance
- Keefe Bruyette Raises Core Scientific (CORZ) PT Following Pivot From Bitcoin Mining to AI Infrastructure [Yahoo! Finance]Yahoo! Finance
- Riot Platforms Recasts Bitcoin Mining Story With AMD AI Data Center Deal [Yahoo! Finance]Yahoo! Finance
- Core Scientific (NASDAQ:CORZ) had its price target raised by analysts at Keefe, Bruyette & Woods from $19.00 to $25.00. They now have an "outperform" rating on the stock.MarketBeat
- BTIG Upgrades Core Scientific Inc. (CORZ) amid Undervaluation Concerns and HPC Colocation Contracts Expectations [Yahoo! Finance]Yahoo! Finance
CORZ
Earnings
- 8/8/25 - Beat
CORZ
Sec Filings
- 2/2/26 - Form 4/A
- 1/26/26 - Form 4
- 1/20/26 - Form SCHEDULE
- CORZ's page on the SEC website