The latest update is out from Core Scientific Inc ( (CORZ) ).
Core Scientific, Inc. reported a net loss of $265.5 million for the fiscal fourth quarter of 2024, largely due to a $224.7 million non-cash mark-to-market adjustment related to warrants and contingent value rights. Despite the financial loss, the company secured $625 million through a convertible note offering and expanded its infrastructure capacity to 1,300 MW, positioning itself for future growth in HPC and bitcoin mining operations.
More about Core Scientific Inc
Core Scientific, Inc. is a leader in digital infrastructure for bitcoin mining and high-performance computing (HPC). The company focuses on expanding its infrastructure capacity and enhancing its operations in the digital asset mining industry.
YTD Price Performance: -32.60%
Average Trading Volume: 11,004,199
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.73B
See more insights into CORZ stock on TipRanks’ Stock Analysis page.