Core Scientific Stock Plummets 11.89% in Second Consecutive Day of Losses Trading Volume Ranks 438th

On March 26, 2025, Core Scientific (CORZ) experienced a significant decline, with its stock price dropping by 11.89%, marking the second consecutive day of losses and a total decrease of 18.05% over the past two days. The trading volume for the day was 1.86 billion, ranking 438th in the overall market.

Core Scientific Inc. is currently facing financial challenges, as the company is seeking court approval to raise $75 million for operational funding. This move comes amidst a broader downturn in the tech sector, which has dragged down the Nasdaq by 2%. The company's stock has been underperforming, with consumer expectations for the future plummeting to a 12-year low due to tariff anxiety.

Additionally, the recent decline in Bitcoin mining rates has further impacted Core Scientific's stock performance. The company's shares have dropped as the mining rate decreases, reflecting the broader market sentiment towards cryptocurrency-related stocks. Microsoft's decision to scrap plans for new AI data centers in the US has also contributed to the downturn in Bitcoin mining stocks, including Core Scientific.