Core Scientific (CORZ) Drops 10.11% on Mixed Bitcoin Mining Results

Core Scientific (CORZ) shares plummeted 10.11% intraday, marking the lowest level since June 2024, with a 7.26% decline over the past two days, totaling a 9.33% drop in the last two days.

Core Scientific's stock price movements in recent days have been influenced by its March 2025 Bitcoin mining results and production update. The company reported self-mining 247 bitcoins in March, a 15% increase from February's 215 bitcoins. This positive production result could have boosted investor confidence. However, there was a slight decrease in the self-mining energized hash rate from 18.4 EH/s in February to 18.1 EH/s in March, which might have raised concerns about operational efficiency. Additionally, Core Scientific operated approximately 163,000 Bitcoin miners in its data centers for self-mining and hosting, indicating a significant operational scale. These factors collectively highlight both the positive production results and operational challenges, which could impact investor sentiment and stock price movements.