Core Scientific Inc

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Core Scientific excels in Q1 earnings, eyes HPC expansion

Core Scientific's Q1 2024 Earnings Call highlighted robust financial performance, strategic infrastructure investments, and a focus on growth funding. The company aims to secure prepayments from clients for future growth funding and targets high EBITDA margins. With a strong market position in bitcoin mining, Core Scientific is poised for continued growth and expansion.

Core Scientific reports robust Q2 revenue, eyes growth in digital infrastructure

Core Scientific's Q2 performance reflects strong revenue generation and operational progress, despite a significant net loss driven by mark-to-market adjustments.
The company's strategic focus on digital infrastructure for bitcoin mining and HPC hosting positions it well for future growth and innovation.
To capitalize on opportunities and address challenges, Core Scientific is actively pursuing debt reduction, liquidity enhancement, and strategic growth initiatives.

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Core Scientific, Inc. engages in the business of operating a purpose-built facility for digital asset mining and provision of blockchain infrastructure, software solutions, and services. It operates under the Mining and Hosting segments. The Mining segment focuses on bitcoin mining for the company's own account. The Hosting segment includes blockchain infrastructure and third-party hosting business. The company was founded by Michael Jeffrey Levitt and Darin Feinstein on December 13, 2017 and is headquartered in Dover, DE.

Core Scientific, Inc. (NASDAQ:CORZ ) Q2 2022 Earnings Conference Call August 11, 2022 4:30 PM ET Company Participants Steven Gitlin – Senior Vice President-Investor Relations Mike Levitt – Chief Executive Officer Denise Sterling – Chief Financial Officer Conference Call Participants Lucas Pipes – B. Riley Chris Brendler – D.A.

Core Scientific, Inc.'s (CORZ) CEO Mike Levitt on Q2 2022 Results - Earnings Call Transcript

AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific, Inc. (NASDAQ: CORZ), a leader in high-performance blockchain data centers and software solutions, reported its financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Financial Highlights (Compared to Second Quarter 2021)1 Self-mining bitcoin production increased 1,769% to 3,365 bitcoins 1,959 bitcoins held as of June 30, 2022 Total hashrate of 17.9 EH/s consisting of 10.3 EH/s self-mining and 7.6 EH/s hosting YTD 2022 F

Core Scientific Announces Second Quarter 2022 Results

Core Scientific is leading the industry in Bitcoin production and does not look set to slow down. The upcoming earnings report should provide investors with valuable insights on production costs and future plans with respect to selling tokens.

Core Scientific: A Buy On Leading Bitcoin Production Numbers

Core Scientific (CORZ) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Core Scientific (CORZ) Might Surprise This Earnings Season

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #earnings--Core Scientific Announces July Updates

Core Scientific Announces July Updates

AUSTIN, Texas--(BUSINESS WIRE)--Today, NFN8 GROUP announced that it has received and installed the first ANTMINER S19 XP's to land in the United States at Core Scientific's “(NASDAQ: CORZ)” Dalton, GA Data Center. This installation milestone was recorded for presentation at the World Digital Mining Summit that was held July 26, 2022 in Miami, FL. A strategic hosting alliance between Core Scientific and NFN8 was previously announced in the press by Core's Chairman in October 2020. The GA event w

NFN8 GROUP Welcomes the Future of Digital Currency Mining to the U.S.

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AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific, Inc. (NASDAQ: CORZ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain data centers and software solutions, today announced it will issue financial results for the Company's second quarter after the market closes on Thursday, August 11, 2022. Management will host a conference call and live audio webcast to discuss the results at 3:30 p.m. Central Time that day. Hosting the call to review results for the second quarter w

Core Scientific, Inc. Schedules Second Quarter Fiscal Year 2022 Earnings Release and Conference Call

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #earnings--Core Scientific Announces Agreement to Host 75MW of ASIC Servers

Core Scientific Announces Agreement to Host 75MW of ASIC Servers

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ--Core Scientific Enhances Liquidity through $100 million Committed Equity Facility

Core Scientific Enhances Liquidity through $100 million Committed Equity Facility

New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their bitcoin positions.

Crypto miners moved over $300 million of bitcoin in one day, and some are dropping out altogether

Our prerequisite for Bitcoin mining companies to be investable is to be powered by renewable energy, CORZ doesn't meet this requirement. Hosting and Equipment Sales contributed 31% of CORZ's revenue but only contributed 9% of gross profits, implying CORZ is not well protected against Bitcoin downturns.

Core Scientific Might Be Losing Out On 66 Percent Upside

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ #earnings--Core Scientific Announces June Updates

Core Scientific Announces June Updates

AUSTIN, Texas--(BUSINESS WIRE)---- $CORZ--Core Scientific Set to Join Russell 3000® Index

Core Scientific Set to Join Russell 3000® Index

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Publicly traded bitcoin miners hold about 46,000 bitcoin, more than 20% of the 800,000 bitcoin held by all miners, public and private.

Bitcoin Miners Join Investors on Selling Spree

While taking its lumps like all Bitcoin miners, Core Scientific is positioned well for long-term success. Even under difficult economic conditions, it continues to boost its self-mined Bitcoin count.

Why I'm Very Optimistic On Core Scientific's Future

AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific Announces May Production and Operational Updates.

CORRECTING and REPLACING Core Scientific Announces May Updates

Core Scientific Announces May Updates

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CORZ provides you with a leveraged way to bet on Bitcoin's inevitable mass adaptation as the next generation's Gold 2.0

Bull Of The Day: Core Scientific (CORZ)

The blockchain infrastructure specialist's top line soared.

Why Core Scientific Stock Jumped on Friday

Core Scientific, Inc. (NASDAQ:CORZ ) Q1 2022 Earnings Conference Call May 12, 2022 4:30 PM ET Company Participants Steven Gitlin - Senior Vice President Investor Relations Mike Levitt - Chief Executive Officer Denise Sterling - Chief Financial Officer Conference Call Participants Chris Brendler - D.A. Davidson Lucas Pipes - B.

Core Scientific, Inc. (CORZ) CEO Mike Levitt on Q1 2022 Results - Earnings Call Transcript

AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific, Inc. (NASDAQ: CORZ), a leader in high-performance blockchain data centers and software solutions, reported its financial results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Highlights (Compared to First Quarter 2021) Total revenue increased by 255% to $192.5 million Gross profit increased by 382% to $70.0 million Net loss of $466.2 million, driven by a noncash mark-to-market adjustment on convertible notes of $386.0 m

Core Scientific Announces First Quarter 2022 Results

AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific announces April updates for its bitcoin self-mining and hosting businesses.

News for Core Scientific Inc Stock (CORZ)