Core Scientific Stock News

New York City-based Kintayl Capital bought 570,054 shares of Core Scientific worth an estimated $10.2 million during the third quarter. The position accounts for 6.3% of Kintayl's 13F-reportable assets.

Asset manager VR Advisory Services acquired more than 1.2 million CORZ shares in the third quarter, increasing its U.S. equity exposure by approximately $21.7 million. The transaction represents 5.3% of the fund's reportable assets under management (AUM) at quarter-end.

The surge in demand for HPC and AI compute is driving demand for data center capacity across the industry. Blockfusion's Niagara Facility has become a sought-after location for customers pursuing high-density HPC/AI deployments.

Oaktree added 6.4 million shares of Core Scientific for an estimated $114.8 million in the third quarter. The Core Scientific position represents 1.8% of Oaktree's 13F reportable assets under management.

CoreWeave CEO Mike Intrator addressed delays at a third-party data center developer. CNBC's Jim Cramer noted delays at sites in Texas, Oklahoma and North Carolina tied to Core Scientific.

Core Scientific is rapidly transitioning from BTC mining to a leading AI HPC infrastructure provider, leveraging its 1.3 GW data center footprint. Initiate CORZ as a strong buy, citing undervaluation versus AI peers and significant upside as the market misprices it as a BTC miner. CORZ's AI hosting contracts deliver high-margin, recurring revenues, with projected explosive revenue growth and ex...

Infrastructure landlords with multiyear leases and fixed minimum payments offer revenue visibility that software-only AI plays lack. Companies that already operate data centers can convert existing sites to AI hosting faster than building new facilities from scratch.

Core Scientific shareholders on Thursday voted down an all-stock acquisition offer from partner and competitor CoreWeave that was valued at the time at $9 billion.