Core Scientific 

What is Core Scientific (CORZ)?

Core Scientific (NASDAQ: CORZ) is a US digital-infrastructure company that operates high-density data centers and is converting its power portfolio to AI/HPC hosting. Core Scientific previously ran one of the largest Bitcoin-mining fleets in North America, with software capable of managing roughly 1 million miners and about 161,000 miners owned as of early 2025. The company's counterparties now include AI/HPC capacity customers such as CoreWeave and AMD.

Is Core Scientific a crypto company?

No. Core Scientific is an SEC-reporting public company listed on NASDAQ, not a crypto token. No crypto token, on-chain contract, or token supply exists for Core Scientific — the tradable instrument is common stock. Per the FY2025 10-K cover page, 315,332,655 shares of common stock were outstanding. DropsTab classifies Core Scientific under Infrastructure and tracks the company itself, not a token.

Does Core Scientific still mine Bitcoin?

Bitcoin mining at Core Scientific is winding down. In 2026, Core Scientific is monetizing its Bitcoin reserve — January 2026 sales generated about $175 million — and paid $41.9 million to terminate its Block/Proto mining contract. In Q1 FY2026, self-mining revenue fell to $30.1 million from $67.2 million a year earlier, while colocation revenue rose to $77.5 million from $8.6 million.

What is the Core Scientific AMD deal?

The AMD partnership is a 15-year AI infrastructure agreement announced on July 28, 2026. The deal covers 529 MW of capacity for Core Scientific's AI data centers. Core Scientific estimates over $14 billion in potential base contracted revenue from the partnership, expandable up to 2.5 GW.

Did CoreWeave buy Core Scientific?

No. CoreWeave announced an all-stock acquisition of Core Scientific on July 7, 2025, valuing the company at roughly $9 billion (~$20.40 per share implied). Core Scientific shareholders rejected the deal as mispriced, and the merger was terminated on October 30, 2025. The commercial hosting relationship continues — contracts run approximately 12 years across roughly 590 MW, with over $10 billion in expected cumulative revenue.

Has Core Scientific filed for Chapter 11 bankruptcy?

Yes. Core Scientific filed for Chapter 11 protection in December 2022 and emerged from restructuring in January 2024. Shares issued to creditors under the January 2024 plan of reorganization are governed by SEC filings, not on-chain vesting schedules.

How is Core Scientific funded?

Per DropsTab fundraising data, Core Scientific records two financing events. J.P. Morgan committed $500 million on March 23, 2026, joining Morgan Stanley to expand the 364-day credit line to $1 billion at SOFR + 250 bps — earmarked for AI facility conversions in Texas, Georgia, and North Carolina. Earlier, Bitmain invested about $54 million on September 21, 2023 as part of a supply contract for 27,000 S19J XP miners, struck while Core Scientific was in Chapter 11.

Where does Core Scientific stock trade?

Core Scientific common stock trades on NASDAQ under the ticker CORZ. Because no crypto token exists, Core Scientific has no spot or derivative trading pairs on crypto exchanges. Dilution risk comes from equity issuance disclosed in 10-Q and 10-K filings — no token emission exists.