₿$70,733.55▼ 2.97%
Core Scientific, Inc.
CORZ🇺🇸Reserve
Core Scientific is a US-based Bitcoin miner and data center operator that emerged from Chapter 11 bankruptcy in January 2024. The company designs, builds, and operates large-scale data centers for high-density colocation services and digital asset mining across ten facilities in seven US states. Core Scientific is pivoting to AI/HPC colocation, anchored by a ~590 MW contract with CoreWeave, and accumulates BTC through self-mining operations.
BTC Holdings
613 BTC
180d
Stock Price
$18.32
180d
Total financing
2.08B USD
180d
mNAV
162.18x
180d
Leverage
4090.5%
180d
BTC Credit
>9,999 bps0.0x
Sats/Share
160
180d
Mkt capFD
7.03B USD
SharesFD
383.84M
Fiat reserve
311.38M USD
Total reserve
354.74M USD
Dilution
22.2%
Coverage
1.1 yr
BTC mix
0%
Analytics
BTC Coverage
Financials
US-GAAPAnnualAs of 2025-12-31
Balance Sheet
Total Assets$2.3B▲59.1%
Total Liabilities$3.3B▲36.8%
Stockholders' Equity$-962.7M▼2.1%
Cash & Equivalents$311.4M▼62.8%
Total Debt$1.1B
Digital Assets$222M▲829.1%
Income Statement
Revenue$319M▼37.5%
Operating Income$-245.6M▼72.9%
Net Income$-288.6M▲79.9%
Interest Expense$3.3M▲108.8%
Cash Flow
Operating Cash Flow$278.3M▲548.7%
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| CORZ-Sep29 | Aug '24 – Sep '29 | 3% | 460.00M USD | 460.00M USD | 11.00 USD | 0.0x |
| CORZ-Jun31 | Dec '24 – Jun '31 | 0% | 625.00M USD | 625.00M USD | 22.49 USD | 0.0x |
| Total | 1.08B USD | |||||
Recent Changes
Wed, Mar 18, 2026
Debt OutstandingDrawCORZ-MSJPM
500.0M→1.00B+500.0M(+100.0%)
Additional $500M from JPMorgan
Form 8-K (JPMorgan $500M facility expansion)Wed, Mar 4, 2026
Debt OutstandingIssuanceCORZ-MSJPM
500.0M
Initial $500M from Morgan Stanley
Form 8-K (Morgan Stanley facility)Thu, Feb 26, 2026
BTC Holdings
2.5K→613-1,924 BTC(-75.8%)
Sold 1,924 BTC for $175.9M through Feb 26, 2026
Form 10-K (FY2025)Wed, Dec 31, 2025
BTC Holdings
2.1K→2.5K+421 BTC(+19.9%)
BTC Holdings Tracker
Shares Outstanding
308.4M→314.2M+5.8M(+1.9%)
Form 10-K (FY2025)
Fiat Reserve
453.4M→311.4M-142.1M(-31.3%)USD
Form 10-K (FY2025)