Core Scientific, Inc. (CORZ)
NASDAQ (NGS) NASDAQ (NGS) Primary 
Core Scientific Stock Stalls After Rally on Reported CoreWeave Acquisition Talks
Close Key Takeaways Shares of Core Scientific stalled Friday after soaring 33% yesterday as The Wall Street Journal reported that CoreWeave once again is looking to buy the company.Last year, CoreWeave attempted to acquire Core Scientific for $5.75 per share but was rejected.The companies have a number of existing agreements for Core Scientific to provide CoreWeave with hosting capacity. Shares of Core Scientific (CORZ) were down slightly Friday after soaring 33% yesterday as The Wall Street Journal reported that CoreWeave (CRWV) once again is looking to acquire the company. Last year, AI hyperscaler CoreWeave tried to buy Core Scientific for $5.75 per share, or more than $1 billion at the time, but was rejected by the Austin, Texas-based firm, which says it is "one of the largest owners and operators of high-powered digital infrastructure for bitcoin mining and hosting services in North America." The Journal report Thursday sent Core Scientific's stock soaring and back into positive territory for the year, closing yesterday at $16.36. Shares are up another 5% less than an hour before the opening bell. CoreWeave and Core Scientific did not immediately respond to Investopedia requests for comments. CoreWeave, Core Scientific Already Have Business Relationship Last year, Core Scientific inked several deals to provide CoreWeave with billions of dollars' worth of high performance computing (HPC) infrastructure. CoreWeave rents out access to Nvidia (NVDA) graphics processing units (GPUs) to companies like Microsoft (MSFT) use to run the models behind their AI products. CoreWeave shares were up nearly 3% in recent trading and have quadrupled since their initial public offering in March. UPDATE—This article has been updated with the latest share price information. Do you have a news tip for Investopedia reporters? Please email us at [email protected]
CoreWeave in advanced talks to acquire Core Scientific following rejected bid: report
CoreWeave (NASDAQ:CRWV) is in active negotiations to acquire Core Scientific (NASDAQ:CORZ), a bitcoin mining and hosting company, according to a Wall Street Journal report. The report, which cited people familiar with the matter, follows a previously rejected bid by CoreWeave to acquire Core Scientific for $5.75 per share, valuing the company at more than $1 billion.
Core Scientific, Inc. (CORZ) Moves 33.0% Higher: Will This Strength Last?
Core Scientific, Inc. (CORZ) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
CoreWeave in Talks to Buy Core Scientific
CoreWeave last year tried to acquire Core Scientific for $5.75 a share, which at the time valued the business at north of $1 billion. Core Scientific rejected the proposal as too low.
From Mining To Megawatts -- Core Scientific's High-Density Strategy Unfolds
Core Scientific is executing a successful transition from Bitcoin mining to high-density AI colocation infrastructure. Take-or-pay agreements confirmed, eliminating concerns about cancellation risk or dependency on fluctuating AI demand. Enterprise AI demand emerging as a major growth driver; pipeline includes 50–100MW prospects beyond CoreWeave.
Core Scientific, Inc. (CORZ) Q1 2025 Earnings Call Transcript
Core Scientific, Inc. (NASDAQ:CORZ ) Q1 2025 Results Conference Call May 7, 2025 4:30 PM ET Company Participants Jon Charbonneau - Vice President, Investor Relations Adam Sullivan - CEO, President & Director Matt Brown - Chief Operating Officer Jim Nygaard - Chief Financial Officer Conference Call Participants Joe Flynn - Compass Point Research Brett Knoblauch - Cantor Fitzgerald Darren Aftahi - Roth MKM Nick Giles - B Riley John Todaro - Needham & Company Kevin Dede - H.C. Wainwright Paul Golding - Macquarie Capital Bill Papanastasiou - Keefe, Bruyette, & Woods Operator Good day, ladies and gentlemen, and welcome to Core Scientific First Quarter Fiscal Year 2025 Earnings Conference Call.
Core Scientific, Inc. (CORZ) Reports Q1 Loss, Misses Revenue Estimates
Core Scientific, Inc. (CORZ) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.19 per share a year ago.
Analysts Estimate Core Scientific, Inc. (CORZ) to Report a Decline in Earnings: What to Look Out for
Core Scientific, Inc. (CORZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Core Scientific, Inc. (CORZ) Surges 5.3%: Is This an Indication of Further Gains?
Core Scientific, Inc. (CORZ) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
The AI Awakening Of Core Scientific
Core Scientific's pivot from bitcoin mining to AI infrastructure, securing $10.2 billion in long-term contracts, offers a stable revenue stream and significant growth potential. The recent stock price decline due to speculative concerns presents a compelling investment opportunity, with a conservative valuation indicating a 64% upside. CoreWeave's $12 billion contract with OpenAI reaffirms strong demand for AI infrastructure, mitigating fears over Microsoft's commitment and reinforcing CORZ's business model.
DeepSeek, Market Volatility, False Rumor Create Opportunity In Core Scientific
Core Scientific shares are undervalued due to market volatility and false rumors about Microsoft canceling leases with CoreWeave, presenting a significant investment opportunity. CORZ has $10.2B in future contracted revenue with high margins and management expects critical IT load to more than double by 2028. Positive developments include issuing $1B in convertible notes, completing significant contracts, and insider buying, indicating confidence in the company's future.
Core Scientific, Inc. (CORZ) Q4 2024 Earnings Call Transcript
Core Scientific, Inc. (NASDAQ:CORZ ) Q4 2024 Earnings Call Transcript February 26, 2025 4:30 PM ET Company Participants Jon Charbonneau - Vice President, Investor Relations Adam Sullivan - CEO, President & Director Denise Sterling - Chief Financial Officer Conference Call Participants Darren Aftahi - Roth MKM Jon Petersen - Jefferies Joe Flynn - Compass Point Research Brett Knoblauch - Cantor Fitzgerald Greg Lewis - BTIG George Sutton - Craig Hallum Stephen Glagola - JonesTrading John Todaro - Needham & Company Kevin Dede - H.C. Wainwright Nick Giles - B Riley Joseph Vafi - Canaccord Genuity Bill Papanastasiou - Stifel Rosemarie Sison - Odeon Operator Greetings.
