Core Scientific's 3.99% Surge on $250M Volume Ranks 416th in Market Activity Amid Takeover Uncertainty

On August 12, 2025, Core Scientific (CORZ) surged 3.99% with a trading volume of $250 million, ranking 416th in market activity. The stock’s performance coincided with the termination of IPO lock-up agreements for CoreWeave, a rival cloud computing firm, set to expire on August 14. This event could unlock significant share liquidity, potentially pressuring Core’s valuation amid ongoing market volatility. Analysts highlighted the strategic relevance of CoreWeave’s recent earnings report, which revealed mixed revenue growth, as a key driver of investor sentiment.

Shareholder dynamics further influenced Core’s trajectory. Two Seas Capital, the largest active shareholder in Core Scientific, announced its opposition to a $9 billion takeover bid by CoreWeave, citing undervaluation risks. This stance aligns with broader market skepticism toward the proposed merger, which has faced regulatory and financial scrutiny. Meanwhile, Core Scientific’s own Q2 earnings report, released in early August, showed a net loss despite improved operational metrics, raising questions about long-term profitability amid rising energy costs in the crypto mining sector.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day yielded a $2,550 profit from 2022 to the present. However, the approach faced a maximum drawdown of -15.2% on October 27, 2022, underscoring the inherent volatility of high-volume trading strategies in this sector.