What is the revenue and EPS growth rate for Core Scientific year over year?

What does Core Scientific do and what are its main business segments?

What were the key takeaways from Core Scientific's earnings call?

What is Core Scientific's latest dividend and current dividend yield?

What were the key takeaways from Core Scientific’s earnings call?

What guidance did Core Scientific's management provide for the next earnings period?

Did Core Scientific beat or miss consensus estimates last quarter?

What is Core Scientific's gross profit margin?

- **CoreWeave Execution**: 350 MW energized, 200 MW billing, surpassing halfway mark of 590 MW commitment. 2025 saw 213 MW energized, with Q4 acceleration.
- **New Site Momentum**: 1.5 GW pipeline includes 500 MW under exclusivity with an investment-grade counterparty. Hunt County, TX site (285 MW) nearing close.
- **Financial Strength**: $530M liquidity, $4B financing available against CoreWeave contract. Colocation revenue to cover costs in 2026.
- **Customer Strategy**: Focused on hyperscalers and neoclouds with investment-grade guarantees, balancing risk and growth.
- **Construction Scale**: Delivered 185 MW in 2025, with 590 MW CoreWeave on track for full delivery by 2027.


**【CEO Summary Section】**
- **CoreWeave Contract Progress**: 350 MW energized, 200 MW billing, surpassing the halfway mark of the 590 MW commitment. 2025 saw 213 MW energized, with significant acceleration in Q4 2025.
- **New Site Developments**: 
  - **Dalton, GA**: Expanded to 450 MW total power, including 120 MW uncommitted capacity. Phase 2 (145 MW) under construction, targeting 2027 delivery.
  - **Hunt County, TX**: 285 MW leasable capacity site nearing close, with ERCOT approval and clear interconnection path.
  - **Pecos, TX**: Converted from Bitcoin mining to colocation, targeting 185 MW delivery by early 2027.
- **Pipeline Strength**: 1.5 GW of customer leasable capacity in pipeline, with 500 MW under exclusivity with an investment-grade counterparty.
- **Customer Strategy**: Focused on hyperscalers and neoclouds with investment-grade guarantees, balancing risk and growth.

**【COO Construction Update】**
- **Texas Expansion**: 
  - **Denton, TX**: 130 MW operational, supporting 50k Grace Blackwell GPUs. Full campus completion by mid-2026.
  - **Marble, NC**: 65 MW fully energized, supporting 15k Grace Blackwell GPUs.
- **Georgia Growth**: 
  - **Dalton Phase 1**: 30 MW fully energized, targeting Q2 2026 delivery.
  - **Dalton Phase 2**: 145 MW under construction, targeting early 2027 delivery.
- **Forward Observer Strategy**: Progressing 600 MW of new sites (Hunt, Pecos, Dalton Phase 3) through predevelopment, ensuring RFS alignment with customer timelines.
- **Execution Engine**: Delivered 185 MW of billable capacity in 2025, with 590 MW CoreWeave commitment on track for full delivery by 2027.

**【CFO Financial Update】**
- **Balance Sheet**: $530M liquidity as of Q4 2025, with $175M realized from Bitcoin sales in January 2026, reducing holdings below 1,000 BTC.
- **Colocation Transition**: Colocation revenue expected to cover operating costs in 2026, driving margin expansion.
- **Financing Options**: 
  - **CoreWeave Backing**: Up to $4B available against stabilized 590 MW contract, with 60%-85% advance rates on build costs.
  - **Project Finance**: Utilizing site-specific financing for new developments, leveraging customer credit quality.
- **Historical Restatement**: Corrected 2024 PPE accounting error, with no impact on revenue, EBITDA, or cash flow.

**【Q&A Highlights】**
- **Customer Pipeline**: 500 MW under exclusivity with an investment-grade counterparty, targeting near-term signings.
- **Hunt County Site**: Confirmed not impacted by ERCOT regulatory changes, with clear utility schedule aligning with construction.
- **Leasing Economics**: Pricing reflecting higher equipment and labor costs, with 2026 signings expected to reflect current market rates.
- **Bitcoin Mining**: Transitioning to runoff mode, optimizing fleet to meet minimum power draw requirements.
- **Supply Chain**: Secured long-lead equipment for pipeline sites, locking in 2026 construction economics.


Core Scientific, Inc. (CORZ) Q4 2025 Earnings Call Transcript

- **CoreWeave Milestones**: 250MW delivered by end-2025, full 590MW by early 2027, all CapEx funded by CoreWeave.
- **Enterprise Growth**: 50-100MW pipeline deals with large enterprises, faster close times than hyperscalers.
- **Financial Strength**: $780M liquidity, 4x net debt/EBITDA target, hedged Bitcoin exposure.
- **Construction Confidence**: Denton facility on track, 8MW delivered this month, 40MW by Q2-end.
- **Expansion Ambitions**: 300MW+ organic growth by 2027, 400MW+ new sites in pipeline.


**【CEO Strategic Overview】**
- Core Scientific is positioned as the only pure-play high-density co-location provider, capitalizing on AI-driven infrastructure demand.
- 250MW of billable capacity for CoreWeave expected by end-2025, with full 590MW delivery by early 2027, all funded by CoreWeave.
- Diversifying customer base with enterprise pipeline of 50-100MW deals, targeting <50% CoreWeave dependency by 2028.
- Denton facility on track to deliver 8MW this month, 40MW by Q2-end, with full 260MW buildout by 2027.

**【CFO Financial Highlights】**
- Q1 2025 revenue: $79.5M (down 16% QoQ), adj. EBITDA: -$6.1M.
- $780M liquidity (cash + Bitcoin), with 4x net debt/EBITDA target consistent with peers.
- CoreWeave funding 50%+ of CapEx, minimizing balance sheet leverage.
- Bitcoin holdings hedged to manage downside risk, with 1,200 BTC as of April 2025.

**【Construction Progress】**
- Denton, TX: 600+ contractors, 187K man-hours logged, 30 miles of conduit installed.
- 2025 CapEx: $90M+ funded by CoreWeave, with $104M expansion for 70MW.
- New sites in evaluation for 400MW+ expansion by 2027.

**【Key Q&A Takeaways】**
- **Customer Risk Mitigation**: CoreWeave contract includes shared execution risk, no third-party guarantees needed.
- **Enterprise vs. Hyperscale**: Enterprise deals close faster (weeks vs. months), with higher return profiles.
- **Tariff Impact**: Minimal disruption due to locked-in 2025 equipment contracts.
- **M&A Strategy**: Targeting high-density, GPU-optimized assets with strategic fit.


Core Scientific, Inc. (CORZ) Q1 2025 Earnings Call Transcript

- **$10B CoreWeave Deal**: Expanded HPC contract to 590MW, with $1.2B new revenue over 12 years.
- **Customer Diversification**: Targeting <50% CoreWeave dependency by 2028 via 700MW new capacity.
- **Balance Sheet Power**: $830M cash, 0% interest convertible notes, and debt reduction to fuel growth.
- **2025 HPC Delivery**: 250MW on track, with full 590MW deployment by early 2027.
- **Strategic Expansion**: 400MW greenfield pipeline and M&A for stabilized assets to reduce concentration risk.

**【CEO Summary Section】**
- **Landmark HPC Contract Expansion**: Signed a 70-megawatt expansion with CoreWeave at Denton, adding $1.2 billion in contracted revenue over 12 years. Total contracted value with CoreWeave now exceeds $10 billion, covering 590 megawatts of critical IT load.
- **Customer Diversification Goal**: Aiming for CoreWeave to represent <50% of critical IT load by 2028, with active discussions with hyperscalers and enterprises.
- **Capacity Expansion Plans**: Targeting 300 megawatts of organic growth by 2027 and 400 megawatts via greenfield developments, including potential M&A for stabilized assets.
- **Operational Efficiency**: Achieved a 250-megawatt HPC delivery target for 2025, with full 590-megawatt deployment by early 2027.

**【CFO Financial Commentary】**
- **Q4 2024 Financials**: Total revenue $94.9M (down 33% YoY), adjusted EBITDA $13.3M. HPC hosting revenue $8.5M, 16.5MW critical IT load.
- **Cost Optimization**: Fleet-wide power rate $0.037/kWh (Q4), beating 2024 target of $0.042-$0.044/kWh. Non-GAAP cash gross margin for HPC 16%.
- **Balance Sheet Strength**: $830M cash post-December convertible note offering. Debt reduced by $270M through restructuring, with interest rates slashed to 3%.

**【Q&A Key Insights】**
- **Contract Delays**: 40MW building pushed to 2026 due to supply chain and permitting challenges, but 2025 delivery schedule remains intact.
- **Alabama Auburn Site**: Securing power agreements with Alabama Power; site could add 400+ MW over three years, contingent on customer contracts.
- **Customer Scrutiny**: Heightened due diligence from hyperscalers, but Core Scientific's proven track record and secured power agreements give competitive edge.
- **Pricing Trends**: Stabilizing in 2025, with premium pricing for low-latency, metro-proximate sites.
- **Capital Allocation**: Prioritizing HPC expansion; no Bitcoin mining fleet refresh until 2025 H2 ASICs arrive.

Actual				-0.51	-4.51	-1.5565	-0.6	1.25	-0.04	0.42
Forecast				0.065	0.0085	-0.0932	-0.089	-0.1168	-0.0719	-0.1636
Surprise	0.00%	0.00%	0.00%	-884.62%	-53158.82%	-1570.06%	-574.16%	+1170.21%	+44.37%	+356.72%

Actual	--	--	--	141.93M	141.10M	95.35M	94.92M	79.53M	78.63M	79.76M
Forecast	--	--	--	136.40M	128.58M	99.01M	98.85M	86.20M	83.83M	119.02M
Surprise	0.00%	0.00%	0.00%	+4.06%	+9.74%	-3.69%	-3.97%	-7.74%	-6.20%	-32.98%

CORZ

CORZ fundamentals

CORZ Q4 2025 Earnings

Earnings Call

You can ask Aime

CORZ

CORZ fundamentals

CORZ Q4 2025 Earnings

Earnings Call

CORZ Earnings Call Summary for Q4/20254:30 PM on Mar 2, 2026

CORZ Earnings Call Summary for Q2/2025 Mar 24, 2026

CORZ Earnings Call Summary for Q1/20254:30 PM on May 7, 2025

CORZ Earnings Call Summary for Q4/20244:30 PM on Feb 26, 2025

CORZ Earnings Call Summary for Q3/20244:30 PM on Nov 6, 2024

You can ask Aime