- Business
- Core Scientific, Inc. (NASDAQ: CORZ) operates as a leading provider of digital infrastructure, high-density colocation services, and blockchain-related solutions in the United States; it conducts digital asset self-mining, hosted mining for third-party customers, and high-performance computing (HPC) hosting through purpose-built data centers equipped with advanced power, cooling, and connectivity for AI, machine learning, and cryptocurrency workloads. The company offers comprehensive services including deployment and maintenance of customer mining equipment, electrical power and infrastructure support, software solutions for optimization, and sales of mining rigs; its segments encompass digital asset self-mining using a proprietary fleet of miners to process blockchain transactions and earn rewards primarily in Bitcoin, hosted mining with monitoring and troubleshooting for institutional clients, and HPC hosting tailored for high-density AI applications across industries such as government, healthcare, media, oil and gas, and retail. Founded in 2017 and headquartered in Dover, Delaware, with operational facilities in Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma, and Texas totaling over 1.3 gigawatts of contracted power capacity, Core Scientific serves institutional investors, blockchain developers, and AI-focused enterprises nationwide. Recent developments include the exercisability of its Tranche 2 Warrants (CORZZ), with 81.9 million warrants outstanding exercisable at $0.01 per share until January 2029 following achievement of a volume-weighted average stock price trigger above $8.72 in July 2024; a terminated $9 billion all-stock acquisition agreement with CoreWeave announced in July 2025 after shareholder rejection in October 2025, which had aimed to verticalize AI data center ownership; and an ongoing strategic pivot from bitcoin mining dominance toward AI and next-generation colocation, with most facilities being converted to support high-density compute workloads amid rising demand for scalable infrastructure.