Core Scientific, Inc. (CORZ) Stock

About Core Scientific, Inc.

Core Scientific, Inc. is a North American enterprise primarily engaged in operating facilities for digital asset mining and providing colocation services for distributed ledger technology. The company actively mines various digital currencies for its proprietary accounts, leveraging specialized computing hardware within its owned and operated data centers to process transactions on blockchain networks in exchange for digital asset rewards. Concurrently, it extends hosting and colocation capabilities to other significant participants in the digital asset mining sector. Beyond these core operations, Core Scientific provides a suite of blockchain infrastructure and software solutions. Its development efforts encompass blockchain-based platforms and applications aimed at areas such as infrastructure management, enhanced security, mining optimization, and robust recordkeeping. Its operational framework is structured into two principal divisions: Equipment Sales and Hosting. The corporate headquarters are situated in Austin, Texas. However, a significant development occurred on December 21, 2022, when Core Scientific, Inc. initiated voluntary reorganization proceedings under Chapter 11 of the U.S. Bankruptcy Code, filing with the U.S. Bankruptcy Court for the Southern District of Texas.

Core Scientific, Inc. (CORZ) stock trades at $20.94 with a market capitalization of $6.66B. The stock is valued at a price-to-earnings (P/E) ratio of -23.66, price-to-book of -5.63, price-to-sales of 20.39. Over the past 52 weeks the stock has ranged between $12.60 and $30.46, and currently trades 31.3% below its 52-week high.

On profitability, Core Scientific, Inc. generates a return on equity (ROE) of 109.08% — well above the market average, a sign of a high-quality business, return on capital employed of -25.13%, an operating margin of -70.53%, a net profit margin of -342.93%.

Official website: www.corescientific.com