Core Scientific, Inc.

CORZ closed Monday up 8.16% at $12.72, driven by its announcement that it will exit Bitcoin self-mining by year-end and become a pure-play AI data center operator, alongside Q3 revenue of $232.9M (up 187% YoY), net profit of $1.12B and EPS of $0.47. The stock dipped to $11.50 pre-market, bottomed at $11.56 at 09:32 ET, then trended higher to an intraday high of $12.78 at 15:15 ET and settled at $12.72, roughly flat after hours. The price nonetheless sits below its MA20 of $13.54 and MA60 of $16.02, down 20.45% year-to-date, 58.24% below the June 2 52-week high of $30.46 and only 20.11% above the November 5 low of $10.59. Macquarie kept an Outperform rating while cutting its price target to $25 from $38.

CORZ dropped about 10% on Thursday, then jumped as much as 8% premarket Friday after saying it will exit bitcoin self-mining by year-end to become a pure-play AI data center operator, but the move faded: the 09:30 ET open at $12.30 marked the session high and the stock slid to $11.21 by 11:13 ET before closing at $11.74, up 3.3% from the prior $11.38 close, and last traded $11.76 after hours. Q3 revenue of $232.9M rose 187% year over year with net income of $1.178B, as AI colocation revenue topped $200M while self-mining revenue fell 79%; the company also sold 816 BTC and holds just 32. Even so, $11.76 sits 11% above the 52-week low of $10.59, down 26.5% year to date and 61.4% below the June 2 high of $30.46, and under both the 20-day $13.65 and 60-day $16.14 moving averages, with a $3.78B market cap and 10.3% turnover. Though $4.4B of build commitments and customer concentration remain execution and funding overhangs.

AI-linked data center names slid after Democrats swept the midterms, and CORZ traced a spike-and-fade: pre-market it reached $13.60, then regular-session selling pushed it to $10.605 at 11:05 ET, a fresh 52-week low, before it closed at $11.38, down about 10.8%, with post-market prints near $11.25. Q3 revenue of $232.87M rose 187% YoY and colocation revenue topped $200M, with guidance of roughly $1.8B average annualized colocation GAAP revenue, yet self-mining revenue fell 79% YoY, and $4.4B of build commitments plus customer concentration kept execution and funding in focus. The stock is down 28.83% YTD, 62.64% below its June 2 high of $30.46, and sits under its MA20 of $13.84 and MA60 of $16.27, with a $3.66B market cap and 11.2% turnover. Though Q3 operating income turned positive at $11.29M.

Core Scientific fell 10.5% to $12.75 from a $14.24 prior close as a Democratic sweep of Congress triggered a broad selloff in data center and neocloud names; the stock spiked to $14.00 premarket (07:00 ET), reversed to a $12.40 intraday low (11:05 ET) and settled near the weak end on 24.3 million shares and an 8.44% turnover rate. The midterm result was framed as a victory for data center opponents, while bitcoin slipping below $77,000 and the Nasdaq 100 entering correction added pressure; a Q2 2026 net loss of $1.081 billion and -703.59% net margin outweighed revenue of $164.2 million (+108.83% yoy) and positive operating income of $11.29 million. Shares are down 20.26% year to date, 58.14% below the $30.46 52-week high, just 3.57% above the $12.31 low, and under both the MA20 of $14.03 and MA60 of $16.43. Post-market trade nudged back to $12.77.

After an 8% slide in the prior session, CORZ opened lower and then trended in one direction higher, climbing from 12.555 to 14.26 at the close, a 13.9% gain on about 11.5 million shares and a 6.8% turnover rate. The move tracked a broader neocloud recovery after Crusoe's CEO called the recent selloff overblown, with short sellers having booked roughly $6 billion of gains on about $17 billion of bearish bets across five AI-cloud names. Q2 2026 revenue reached $164.2 million, up 108.8% year over year, and operating income swung to $11.29 million, up 207.9%, yet a $1.081 billion net loss, a -703.6% net margin and EPS of -3.323 leave the negative PE of -2.8 and PB of -1.89 in place. At 14.24 the stock just reclaimed its MA20 of 14.19 but sits below the MA60 of 16.55, 53.3% under the 52-week high of 30.46 and down 10.9% year to date. Bitcoin's drop below $77,000 and a Nasdaq 100 correction, plus a 10,000-share sale by the chief legal officer worth about $135,594, remain offsets.