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Core Scientific, Inc.

CORZ

Core Scientific designs, builds, and operates large-scale, purpose-built data centers optimized for high-density computing workloads.

Market cap
$6.59B+66.3%
Revenue$440.3M+26.4%
Net income-$2.6B-142%
Free cash flow-$957.7M-273%
EPS (diluted)-$6.47-895%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$164.2M+109%
Gross profit$70.0M+1,294%
Operating income-$78.5M-199%
Net income-$1.2B-23.3%
EPS (diluted)-$3.32-8,200%

Balance sheet

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Cash & equivalents$2.6B+339%
Total debt$4.4B+279%
Total equity-$2.4B-127%
Total assets$5.3B+166%

Cash flow

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CapEx$565.0M+366%
Free cash flow-$583.9M-569%

Valuation & ratios

Valuation

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Market cap$6.59B+66.3%
Enterprise value$8.45B+77.7%
P/S15×+3.0×

Profitability

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Gross margin28.3%+23.2pp
Operating margin-128.5%-362pp
FCF margin-217.5%-446pp

Returns & leverage

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Current ratio0.9×-0.9×

Segments

By product

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Colocation revenue$136.7M+1,194%
Cost of digital asset self-mining$21.5M-65.5%
Digital asset hosted mining revenue from customers$6.0M+6.3%

Competitors

Profile

Core Scientific designs, builds, and operates large-scale, purpose-built data centers optimized for high-density computing workloads. The company provides infrastructure for artificial intelligence, high-performance computing, and digital asset mining, leveraging significant power capacity across the United States. Its core value proposition lies in its technical expertise in managing high-power density environments and its transition toward becoming a leading provider of wholesale colocation services.

Competitive position

A leading operator of high-density data centers transitioning from digital asset mining to AI-focused infrastructure with significant power capacity.

GeographiesUnited States
Customer segmentsEnterprise, Hyperscale, AI/ML Developers
Business modelWholesale Colocation, Infrastructure-as-a-Service (IaaS), Asset-heavy mining
SuppliersElectric utility providers, ASIC hardware manufacturers, Electrical and mechanical equipment suppliers, Data center construction contractors
CustomersAI and HPC technology companies, Hyperscale cloud service providers, Digital asset mining hosting clients
Listed2024
Employees286.0
CEOAdam Sullivan
FilingsSEC EDGAR

Questions, answered.

What is Core Scientific, Inc.'s market cap?
Core Scientific, Inc. (CORZ) has a market capitalization of $6.6B and trades on NASDAQ.
What is Core Scientific, Inc.'s revenue and profitability?
Core Scientific, Inc. generated $440.3M in trailing twelve-month revenue with a net loss of $2.6B, representing a net margin of -237.6%. Gross margin stands at 28.3%, with free cash flow of -$957.7M. These figures are based on the Q2 2026 filing.
Who are Core Scientific, Inc.'s competitors?
Core Scientific, Inc.'s key competitors include Terawulf, Inc., Cipher Mining Inc., CleanSpark, Inc., and others. These companies compete in similar markets and product categories.
Who does Core Scientific, Inc. partner with?
Core Scientific, Inc.'s notable partners include CoreWeave, Inc., Block, Inc., Bitmain Technologies Limited.
Where is Core Scientific, Inc. headquartered?
Core Scientific, Inc. is headquartered in United States of America and employs approximately 286 people. It has been publicly traded since 2024.