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.
Market Dynamics | Delve into Core Scientific's competitive advantages in the AI hosting sector, including infrastructure flexibility and strong liquidity, as it navigates a rapidly evolving technological landscape |
CoreWeave Partnership | Explore the implications of Core Scientific's 700MW contract with CoreWeave, expected to generate over $600M in EBITDA by FY2027, and its potential impact on long-term stability |
Financial Projections | Analysts forecast robust growth, with sales estimates of $492.2M for FY2024 and $522.9M for FY2025. Price targets range from $16 to $23, reflecting optimistic market sentiment |
AI Hosting Pivot | Core Scientific's strategic shift from Bitcoin mining to AI/HPC hosting is reshaping its business model and market position, with a focus on high-margin contracts and rapid capacity expansion |
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 | −2.2x | −3.8x | 11.2x | |
PEG Ratio | 0.00 | −0.01 | 0.01 | |
Price / Book | −3.0x | 1.1x | 2.4x | |
Price / LTM Sales | 4.8x | 1.9x | 1.9x | |
Upside (Analyst Target) | 139.0% | 123.9% | 36.3% | |
Fair Value Upside | Unlock | −7.7% | 7.7% | Unlock |