CORZ

The public's data-center revolt spreads

The Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) is up 97% over the past year even though bitcoin has lost 46% of its value in the same window.

MIAMI--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-density colocation (“HDC”), today announced that it has completed its previously announced acquisition of Polaris DS LLC (“Polaris”). Through the acquisition, Core Scientific has secured the approximately 440 currently in service megawatts (“MW”) of gross, grid-connected power capacity being used by Polaris under existing electric service agreements with.

Core Scientific is rated Buy, driven by robust colocation revenue and strong execution in a rapidly expanding AI-driven market. The company's colocation business, accounting for over 80% of revenue, is underpinned by long-term contracts like AMD and CoreWeave, offering diversification and high profit margins. Revenue and EBITDA trends are positive, with FY2026 revenue estimated at $671.63 million (110.53% YoY growth) and EBITDA projected to reach $194.08 million by FY2028.

I'm rating Core Scientific a Strong Buy with a price target of $28, implying a 40% upside potential. My main growth drivers are the CoreWeave ramp, the AMD Phase 1 contract, additional power monetization, and the mix shift away from bitcoin mining. Together, these drivers support my estimate of about $1.2 billion in potential 2028 EBITDA before applying a conservative adjustment for corporate costs and execution risk.

MIAMI--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-density colocation (“HDC”), today announced the appointment of Mark W. Adams to its Board of Directors, effective immediately. With the addition of Mr. Adams, Core Scientific's Board will expand to seven directors.Mr. Adams brings over three decades of technology leadership experience across the AI infrastructure, semiconductors, storage, digital media, a.

Core Scientific, Inc. (CORZ) Q2 2026 Earnings Call Transcript

Core Scientific NASDAQ: CORZ said it has entered a commercial partnership with AMD covering up to 2.5 gigawatts of data center capacity, beginning with approximately 530 megawatts across five campuses under 15-year agreements.

Core Scientific, Inc. (CORZ) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to a loss of $0.04 per share a year ago.

Core Scientific ​signed a ‌deal with AMD , ​under which ​the chip firm ⁠will ​secure up ​to 2.5 gigawatts of ​data ​center capacity to ‌support ⁠customer deployments of its AI ​systems, ​the ⁠companies said ​on ​Tuesday.