Core Scientific, Inc. (CORZ) Stock Analysis
Range Bound setup
Technology · Software - Infrastructure
Sell if holding. Engine safety override at $27.60: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10. Specifically: High short interest: 26%; Below-average business quality; Rich valuation.
Core Scientific designs, builds, and operates ten large-scale data centers across seven U.S. states, totaling 920 MW of leasable customer power capacity, focused on high-density colocation for AI/HPC and bitcoin self-mining. Revenue was derived primarily from bitcoin self-mining... Read more
Sell if holding. Engine safety override at $27.60: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10. Specifically: High short interest: 26%; Below-average business quality; Rich valuation. Chart setup: RSI 59 mid-range, Bollinger mid-band. Score 4.7/10, moderate confidence.
Passes 5/8 gates (clean insider activity, news events none recent, earnings proximity 54d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.
About Core Scientific, Inc.
About Core Scientific, Inc.
Core Scientific entered the high-density colocation market through contracts with CoreWeave totaling approximately 590 megawatts of leased customer power capacity at December 31, 2025, anchoring a strategic pivot away from bitcoin self-mining. The portfolio spanned ten data centers across seven U.S. states — Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma, and Texas — representing 1.4 gigawatts of gross utility power capacity and 920 megawatts of leasable customer power, staffed by 325 full-time employees.
Core Scientific operates three revenue segments: Colocation (high-density services for AI/HPC customers), Digital Asset Self-Mining (bitcoin mining for the company's own account), and Digital Asset Hosted Mining (third-party hosting, which the company does not intend to expand beyond 2025). Under Colocation contracts, customers pay fixed capacity-based fees plus variable charges, structured as triple-net or modified gross leases with take-or-pay commitments that provide multi-year revenue visibility. The company sources power from ten utilities, led by Denton Municipal Electric (394 megawatts at Dallas-Denton, Texas) and Texas New-Mexico Power (300 megawatts at Pecos, Texas). Mining hardware has historically been sourced substantially from Bitmain Technologies Limited; a 2024 agreement with Block, Inc. adds customized 3 nm ASICs. Competitors in the HDC market include Equinix, Digital Realty Trust, QTS, and Vantage Data Centers; mining competitors include CleanSpark and Bitfarms.
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Core Scientific's colocation buildout faces a compounded single-source exposure: the 10-K discloses the high-density colocation business is highly dependent on a single customer — CoreWeave, with approximately 590 megawatts contracted, or roughly 64% of total leasable capacity. Mining hardware has simultaneously been sourced substantially from a single manufacturer, Bitmain Technologies Limited. The company also disclosed a material weakness in internal control over financial reporting as of December 31, 2025, under remediation with no assured resolution timeline. In May 2026, Core Scientific completed a $3.3 billion senior secured notes offering, providing capital to fund the portfolio conversion.
See also: Technology · Software - Infrastructure
From Core Scientific, Inc.'s most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-06-14Recent Developments — Core Scientific, Inc.
Latest news
- NEWS 10 Information Technology Stocks Whale Activity In Today's Session — benzinga Jun 3, 2026 neutral
- NEWS B. Riley Securities Maintains Buy on Core Scientific, Raises Price Target to $33 — benzinga May 27, 2026 positive
- NEWS Why Core Scientific Stock Is Surging On Thursday? — benzinga May 21, 2026 positive
- NEWS CleanSpark Stock Pulls In Bigger Bet From Situational Awareness Hedge Fund — benzinga May 20, 2026 positive
- NEWS Bitcoin Miners Will Gain From AI Deals, Bernstein Says: The Tickers To Watch — benzinga May 19, 2026 positive
Generated 2026-06-15T18:11:46Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomersingle customer10-K Item 1A: 'our high-density colocation business is highly dependent on a single customer'
- HIGHSupplierBitmain10-K Item 1: 'we have sourced substantially all of our miners from Bitmain Technologies Limited'
Material Events(8-K, last 90d)
- 2026-05-26Item 5.02LOWSteve M. Smith appointed to the Board of Directors and Nominating and Corporate Governance Committee, effective May 26, 2026. Previously CEO of Zayo and Equinix. No departures noted; no reason cited.SEC filing →
- 2026-05-06Item 1.01MEDIUMCore Scientific Finance I LLC completed $3.3 billion of 7.750% Senior Secured Notes due 2031, issued at 99.250% of par via Rule 144A/Reg S. Representatives: Morgan Stanley and J.P. Morgan Securities.SEC filing →
- 2026-05-06Item 2.03MEDIUMCreation of direct financial obligation: $3.3 billion aggregate principal of 7.750% Senior Secured Notes due 2031 issued by Core Scientific Finance I LLC, a wholly-owned indirect subsidiary.SEC filing →
- 2026-05-05Item 5.02LOWJorge Ray appointed Principal Accounting Officer effective May 7, 2026. Serves as Chief Accounting Officer since March 2026; previously Corporate Controller at Raymond James Financial. No disagreement cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
4 floor-breakers·1 ceiling hit
Quality below the gate floor. Component breakdown shows what dragged the score down.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $27.60: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10. Specifically: High short interest: 26%; Below-average business quality; Rich valuation. Chart setup: RSI 59 mid-range, Bollinger mid-band. Prior stop was $25.67. Score 4.7/10, moderate confidence.
Take-profit target: $29.29 (+6.1% upside). Prior stop was $25.67. Stop-loss: $25.67.
Concentration risk — Customer: single customer; Concentration risk — Supplier: Bitmain; Quality below floor (1.8 < 4.0).
Core Scientific, Inc. trades at a P/E of N/A (forward 93.0). TrendMatrix value score: 3.0/10. Verdict: Sell.
24 analysts cover CORZ with a consensus score of 4.1/5. Average price target: $33.
What does Core Scientific, Inc. do?Core Scientific designs, builds, and operates ten large-scale data centers across seven U.S. states, totaling 920 MW of...
Core Scientific designs, builds, and operates ten large-scale data centers across seven U.S. states, totaling 920 MW of leasable customer power capacity, focused on high-density colocation for AI/HPC and bitcoin self-mining. Revenue was derived primarily from bitcoin self-mining in 2025, with the company converting its portfolio to colocation under long-term contracts led by CoreWeave.