Core Scientific(US:CORZ) Yahoo Finance·2026-02-06 17:21Core Scientific Overview - Core Scientific is a leading provider of blockchain infrastructure and digital asset mining services, operating at scale across North America, combining proprietary software, high-capacity datacenter operations, and a dual-revenue model focused on self-mining and hosting for third-party clients [6] - The company targets institutional clients and enterprise-scale miners seeking secure, high-performance blockchain processing and hosting capabilities [9] Recent Financial Performance - In the third quarter, revenue fell to $81.1 million from $95.4 million a year earlier, driven by a 55% year-over-year drop in Bitcoin mined, partially offset by higher prices, while hosted mining revenue was cut nearly in half [10] - Colocation revenue rose to $15.0 million from $10.3 million as new capacity came online, indicating a positive trend in this segment [10] - Capital expenditures reached $244.5 million during the quarter, largely tied to infrastructure buildouts, while adjusted EBITDA slipped to a $2.4 million loss [11] - Liquidity remains substantial at roughly $695 million between cash and Bitcoin holdings, but net losses were still $146.7 million for the quarter [11] Market Position and Stock Performance - As of February 6, shares of Core Scientific were priced at $14.82, up 17% over the past year, slightly outperforming the S&P 500's roughly 13% gain over the same period [3] - The market capitalization of Core Scientific is $4.59 billion, with a revenue of $334.18 million and a net income of ($768.31 million) for the trailing twelve months [4] Strategic Shift - Core Scientific is in the middle of a pivot away from volatile self-mining toward high-density colocation, which is showing up clearly in the numbers [7] - The exit of Pier Capital from its holdings in Core Scientific indicates a risk reduction strategy rather than a timing call, emphasizing the company's need to execute a capital-intensive transformation [12]