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Upturn AI SWOT - About
Core Scientific, Inc. Common Stock (CORZ)
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Upturn Advisory Summary
04/01/2025: CORZ (5-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Outstanding Performance
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
AI Based Fundamental Rating
Outstanding Performance
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
Analysis of Past Performance
Type Stock | Historic Profit 253.85% | Avg. Invested days 57 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.20B USD | Price to earnings Ratio - | 1Y Target Price 19.43 |
Price to earnings Ratio - | 1Y Target Price 19.43 | ||
Volume (30-day avg) 20728242 | Beta - | 52 Weeks Range 2.61 - 18.63 | Updated Date 04/1/2025 |
52 Weeks Range 2.61 - 18.63 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -4.39 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-03-10 | When Before Market | Estimate 0.05 | Actual -0.1257 |
Profitability
Profit Margin -257.51% | Operating Margin (TTM) -41.75% |
Management Effectiveness
Return on Assets (TTM) -0.81% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE 10.47 | Enterprise Value 2495635744 | Price to Sales(TTM) 4.31 |
Enterprise Value 2495635744 | Price to Sales(TTM) 4.31 | ||
Enterprise Value to Revenue 4.89 | Enterprise Value to EBITDA 454.88 | Shares Outstanding 294891008 | Shares Floating 252030705 |
Shares Outstanding 294891008 | Shares Floating 252030705 | ||
Percent Insiders 8.56 | Percent Institutions 86.67 |
Analyst Ratings
Rating 4.77 | Target Price 20.31 | Buy 3 | Strong Buy 10 |
Buy 3 | Strong Buy 10 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Core Scientific, Inc. Common Stock
Company Overview
History and Background
Core Scientific was one of the largest publicly traded cryptocurrency mining companies and a provider of hosting services for blockchain infrastructure. Founded in 2017, it rapidly expanded during the crypto boom but filed for bankruptcy in December 2022. The company emerged from bankruptcy in January 2024 after restructuring.
Core Business Areas
- Cryptocurrency Mining: Core Scientific operated large-scale cryptocurrency mining facilities, primarily focusing on Bitcoin. They deployed and managed thousands of mining rigs to solve complex cryptographic puzzles and earn block rewards.
- Hosting Services: The company provided hosting services for other cryptocurrency mining operations. This included providing infrastructure, power, and maintenance for clients' mining equipment.
Leadership and Structure
During its public phase, Core Scientific had a traditional corporate structure with a CEO, CFO, and a board of directors. After bankruptcy, the leadership and organizational structure likely changed.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: The primary product was the generation of Bitcoin through mining operations. Market share fluctuated greatly. Revenue derived from mined bitcoin was the bulk of their earnings. Competitors include Marathon Digital Holdings (MARA) and Riot Platforms (RIOT).
- Hosting Services: Providing infrastructure and power for other miners to host their equipment. Competitors include Compute North and Blockfusion (private).
Market Dynamics
Industry Overview
The cryptocurrency mining industry is highly volatile and dependent on the price of cryptocurrencies, energy costs, and regulatory changes. Competition is fierce, and technological advancements in mining hardware constantly shift the landscape.
Positioning
Prior to bankruptcy, Core Scientific was a leading player in the Bitcoin mining sector. However, high energy costs, declining Bitcoin prices, and debt obligations led to financial distress and restructuring. Post-bankruptcy, their position is re-establishing.
Total Addressable Market (TAM)
The TAM for Bitcoin mining is theoretically the total block reward available multiplied by the Bitcoin price; varying greatly as price is volatile. Core Scientific's position is to capture a portion of this reward through efficient mining operations.
Upturn SWOT Analysis
Strengths
- Large-scale mining infrastructure
- Experience in hosting services
- Potential for efficient mining operations post-restructuring
Weaknesses
- High energy costs
- Dependence on Bitcoin price
- History of financial instability
- High debt burden before bankruptcy
Opportunities
- Technological advancements in mining hardware
- Expansion of hosting services to new clients
- Increased adoption of Bitcoin and other cryptocurrencies
- Cost Reductions post bankruptcy
Threats
- Volatility in cryptocurrency prices
- Increasing difficulty of Bitcoin mining
- Regulatory changes and potential bans on cryptocurrency mining
- Competition from other mining companies
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CLSK
- HUT
Competitive Landscape
Core Scientific faces intense competition from other large-scale Bitcoin mining companies. Its competitive advantage, if any, lies in its scale and operational efficiency. Restructuring will be necessary to regain lost competitive advantage.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Pre-bankruptcy, the company showed rapid growth in mining capacity and revenue during the cryptocurrency boom. However, this growth was unsustainable due to high debt and operational costs.
Future Projections: Future growth projections are highly uncertain and depend on the success of the restructuring plan, Bitcoin price, and energy costs. Analyst estimates vary widely.
Recent Initiatives: Recent initiatives likely focus on restructuring debt, improving operational efficiency, and securing favorable energy contracts. Specific details are limited.
Summary
Core Scientific, despite emerging from bankruptcy, remains a high-risk investment. Its success hinges on Bitcoin prices, operational efficiency post-restructuring, and navigating the volatile cryptocurrency market. While bankruptcy provides a fresh start, prior financial challenges and industry risks require a cautious outlook. Re-establishing credibility and investor confidence is key to sustainable growth.
Similar Companies
- MARA
- RIOT
- CLSK
- HUT
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Industry Reports
- Market Analysis Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. The information provided is based on publicly available data and may not be entirely accurate or complete. Investing in cryptocurrency mining companies involves significant risks, including the potential for complete loss of investment.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Core Scientific, Inc. Common Stock
Exchange NASDAQ | Headquaters Dover, DE, United States | ||
IPO Launch date 2024-01-24 | CEO, President & Director Mr. Adam Sullivan | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 325 | Website https://corescientific.com |
Full time employees 325 | Website https://corescientific.com | ||
Core Scientific, Inc. provides digital asset mining services in the United States. It operates through three segments: Digital Asset Self-Mining; Digital Asset Hosted Mining; and HPC Hosting. The company offers digital infrastructure, software solutions, and services; and operates licensing data center space facilities. It also deploys and operates own large fleet of miners within owned digital infrastructure as part of a pool of users that process transactions conducted on one or more blockchain networks; and provides hosting services for digital asset mining customers, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment. In addition, the company provides electrical power, repair, and other infrastructure services to operate, maintain, and earn digital assets; and sells mining equipment to customers. Core Scientific, Inc. was founded in 2017 and is headquartered in Dover, Delaware.
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