CORZ Stock Forecast & Price Target

Core Scientific Inc. has demonstrated significant revenue growth, with a remarkable increase to $1.92 billion in 2024, showcasing a 700% year-over-year growth attributable to major clients like Microsoft and Meta, who collectively accounted for 77% of revenues. The company's strategic expansion is evident, as it announced a 70 MW increase in its capacity and secured leases, bringing its total HPC leased capacity to 590 MW, signaling strong demand for its services. Furthermore, improvements in machine efficiency and the anticipated arrival of advanced mining chips in the second half of 2025 are expected to bolster profitability, with projections indicating growth in EBITDA as operational capacities expand.

Core Scientific Inc. reported significant financial challenges, with total revenue declining to $94.9 million in Q4, representing a 33% drop year-over-year, primarily due to a 29% decrease in digital asset self-mining revenue amid reduced bitcoin production. The company experienced a substantial net loss of $265 million, attributed to market-to-market adjustments and rising general and administrative expenses, which negatively impacted operating margins, particularly in its HPC hosting segment. Additionally, ongoing market pressures, including a noted decline in digital asset hosting and negative sentiment in the broader Nasdaq market, contribute to concerns regarding Core Scientific's long-term profitability and operational viability.