Core Scientific(US:CORZ)2025-05-07 20:36Business Transformation & Strategy - Core Scientific is transitioning from bitcoin mining to a high-density colocation provider[11] - The company aims to build a 1.3 GW+ billable power capacity data center platform by 2027[15] - Diversifying customer base and expanding colocation capacity through organic growth and M&A are key catalysts for 2025[42] Colocation Contracts & Revenue - Core Scientific has signed colocation contracts with potential revenue exceeding $10 Billion over 12 years[7, 12] - CoreWeave contracts contribute to approximately $850 Million in average annual run rate revenue[22] - The company anticipates a 75% to 80% profit margin from CoreWeave colocation contracts[22] Financial Performance & Debt - Q1 2025 colocation revenue was $8.573 Million, a 100% increase compared to Q1 2024[55] - Total debt as of March 31, 2025, was $1.119 Billion[46] - The company reported a net income of $580.693 Million for the three months ended March 31, 2025[55]