CORZ
Core Scientific
October 14, 2026 · pre-market
- Rarity
- 1.36
- Peak move
- −13.01%
- Float cap
- $4.6B
Core Scientific designs, builds and operates large-scale data centers, leasing high-density colocation capacity and power to AI and high-performance computing customers such as CoreWeave and AMD. It also runs bitcoin self-mining and hosted mining operations from sites across Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma and Texas. The company is converting its mining facilities to AI-oriented colocation.
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What we found
14 events · 0 from SEC or newswire · 0 timed with the move- Key event
peer_disclosureCoreWeave's unsecured bonds due 2032 fell below 80% of face value with yields above 15%, and its five-year credit default swaps hit a record high pricing over a 50% default probability; CoreWeave accounted for about 77% of Core Scientific's H1 2026 revenue.
- Key event
operating_metricsCore Scientific said it is now billing customers for approximately 485 MW of data center capacity, up about 23% from 395 MW at June 30, citing an additional 48 MW at its Dalton, Georgia campus.
- Key event
investor_dayCore Scientific hosted a site tour and investor day at its Dalton, Georgia campus on Oct 13, 2026, discussing 1.9 GW of AMD reservation capacity, project financing, and Texas TCEQ permitting for its Hunt and Pecos sites.
analyst_ratingNeedham analyst John Todaro reiterated a Buy rating and $35 price target on Core Scientific on Oct 14, 2026, after a tour of the Dalton, Georgia campus, valuing shares at 19x discounted 2028 adjusted EBITDA.
analyst_ratingKBW analyst Stephen Glagola reiterated an Outperform rating and $28 price target on Core Scientific on Oct 14, 2026, citing 1.9 GW of AMD reservation capacity that investors overlook.
analyst_ratingCitizens analyst Greg Miller reiterated a Market Outperform rating and $30 price target on Core Scientific on Oct 14, 2026, following investor meetings.
analyst_ratingCantor Fitzgerald reiterated its Overweight rating on Core Scientific on October 14, 2026.
analyst_ratingUBS Group reiterated its Market Outperform rating on Core Scientific on October 14, 2026.
peer_disclosureFive-year credit default swaps on CoreWeave, which accounted for about 77% of Core Scientific's first-half 2026 revenue, moved back above 800 bps in early September 2026, implying a 40-45% five-year default probability per MarketWatch citing FactSet.
large_option_expiryCore Scientific shares came under pressure on a surge in options trading, with one session dominated by bearish puts and a following session led by bullish calls.
peer_disclosureIREN shares fell after an unconfirmed report naming Anthropic as its mystery AI cloud customer began to fade, and Core Scientific fell in sympathy on Oct 13, 2026.
insider_saleA Form 144 reporting a proposed sale of Core Scientific securities by insider Todd M. Duchene was filed with the SEC on October 13, 2026.
executive_appointmentCore Scientific named industry veteran Jay Elms as Chief Commercial Officer, with responsibilities spanning customer relationships and end-to-end deployment.
peer_disclosureThe Information reported on Oct 12 that AI lab Anthropic signed a multiyear cloud contract with IREN, a fellow former bitcoin miner turned AI data-center operator, with neither company confirming the deal and terms undisclosed.