Last reviewed
2026-06-21
Mining data is a dated snapshot. Hashrate and energy figures are approximate.
BTC MiningNasdaq Global Select MarketCORZ
Core Scientific Inc.
5.8/10Overall score = 6.5*25% + 2.5*20% + 7.5*15% + 7.5*15% + 3.5*10% + 7.0*15% = 5.775. Weights: hashrate 25%, energy 20%, BTC held 15%, revenue 15%, dilution 10%, management 15%.
Key Metrics
Hashrate
15.7 EH/s
Mid-Tier (10–20 EH/s)
BTC Held
₿600
₿0.00000190/share
Market Cap
$9.27B
Nasdaq Global Select Market
Share Price
$29.72
Nasdaq Global Select Market
Revenue TTM
$510.0M
Trailing twelve months
Renewable Energy
23%
Carbon-Heavy
Grid Energy
15%
Non-renewable mix
Overall Score
5.8/10
Composite rating
Last reviewed
2026-06-21
Manual review date
Score Breakdown
Methodology: Overall score = 6.5*25% + 2.5*20% + 7.5*15% + 7.5*15% + 3.5*10% + 7.0*15% = 5.775. Weights: hashrate 25%, energy 20%, BTC held 15%, revenue 15%, dilution 10%, management 15%.
View full scoring methodology →SCORE FINGERPRINT · 6 FACTORS
The score as a shape.
Each spoke is one of the six sub-factors behind CORZ's 5.8/10, plotted 0–10 and ordered by methodology weight. The filled shape is the company's profile. Two miners can share an overall score and still have opposite shapes — a balanced hexagon is a different bet than a spike on one axis with thin edges everywhere else. CORZ is strongest on btc treasury (7.5/10) and thinnest on energy mix (2.5/10).
CORZ profileStrong tier (8–10)Factor ≥ 7Factor < 5
Each axis is a 0–10 sub-score from the Pledge mining methodology; spokes ordered by factor weight (w%). Dashed ring = the 8–10 strong tier. The weighted composite is 5.8/10. Scores are a dated editorial assessment, not investment advice.
Hashrate & Scale
Total Hashrate
15.7 EH/s
Tier
Mid-Tier (10–20 EH/s)
Self-Mined BTC (TTM)
₿3,500
Share Price
$29.72
Shares Outstanding
315,332,655
Energy & Sustainability
23% RenewableCarbon-Heavy15% grid mix
natural gas 62%
grid mix 15%
solar 13%
wind 10%
BTC Treasury
Total BTC Held
₿600
BTC per Share
₿0.00000190
BTC Holdings Score
7.5/10
Financial Health
Market Cap
$9.27B
Revenue (TTM)
$510.0M
Total Debt
$3.30B
Share Price
$29.72
Shares Outstanding
315,332,655
Revenue Score
7.5/10
LEVERAGE6.5xdebt ÷ revenue (TTM)
BTC CUSHION0.02xcoin value ÷ debt · illustrative spot
Debt is not an explicit factor in the composite score; these ratios surface the leverage and bitcoin-cushion read directly. BTC cushion uses an illustrative spot, not a live quote.
Dilution & Equity Structure
Total Debt
$3.30B
Dilution Score
3.5/10
Core Scientific emerged from Chapter 11 bankruptcy in early 2025. In April 2026 it closed a $3.3B 7.75% senior secured notes offering (due 2031) to fund its AI/HPC colocation buildout and repay a $1B term loan, materially increasing leverage. The shareholder-rejected ~$9B all-stock CoreWeave acquisition (Oct 2025) means it remains independent.
Highlights
- +Anchored by a 12-year, $10B+ AI colocation relationship (CoreWeave and other hyperscale clients), positioning it as more of a data-center landlord than a pure miner.
- +Closed a $3.3B 7.75% senior secured notes offering in April 2026 to fund the AI/HPC buildout and repay a $1B term loan.
- +Emerged from Chapter 11 bankruptcy in January 2025 and remained independent after shareholders rejected the ~$9B all-stock CoreWeave acquisition in October 2025.
- +Q1 2026 revenue of ~$115.2M (up from ~$79.5M a year earlier), driven by colocation growth.
- +Retains ~19 EH/s of mining scale even as it deprioritizes self-mining in favor of compute hosting.
Considerations
- !Energy mix is only 23% renewable — the lowest of the peer group — with heavy reliance on natural gas (62%).
- !Now carries ~$3.3B of senior secured notes; leverage rose sharply versus the lean post-bankruptcy balance sheet.
- !Reported a ~$347.2M net loss in Q1 2026 (driven by a ~$266.5M non-cash impairment), and is monetizing substantially all of its BTC, leaving only ~600 BTC on the balance sheet.
- !The AI/HPC pivot concentrates the business on a few large colocation tenants, introducing counterparty and execution risk distinct from mining.
- !Historically carried very high leverage, which contributed to its Chapter 11 filing in 2023–2024.
Best For
Investors seeking exposure to an AI/HPC data-center pivot built on an existing mining footprint, who accept high leverage, a minimal BTC treasury, near-term losses, and above-average energy emissions.
Evidence
Why trust this view
Verification
Sources
5 cited
Each data point is traced back to a named source listed below.
How we score
Mining methodology
Open the scoring rules before relying on a ranking.
Boundary
Not investment advice
Pledge provides comparison data for educational purposes only.
Sources
verifiedSEC Filing
Core Scientific Q1 2026 results (8-K)
Official Q1 2026 release discloses ~$115.2M revenue, a ~$347.2M net loss (incl. ~$266.5M impairment), and BTC monetization leaving ~600 BTC ($37.3M digital assets) on the balance sheet as of March 31, 2026.
https://www.sec.gov/Archives/edgar/data/0001839341/000162828026031246/q12026corescientificinc-ea.htm ↗verifiedSEC Filing
Core Scientific Q1 2026 Form 10-Q
Quarterly report discloses the $3.3B senior secured notes (due 2031), digital-asset carrying value, share count, and AI/HPC colocation strategy as of March 31, 2026.
https://www.sec.gov/Archives/edgar/data/0001839341/000162828026031396/core-20260331.htm ↗verifiedResearch
CoreWeave $3.3B note / merger-rejection coverage
Reports the April 2026 $3.3B note offering and the October 2025 shareholder rejection of the ~$9B all-stock CoreWeave acquisition.
https://www.coindesk.com/business/2026/04/21/core-scientific-seeks-usd3-3-billion-bond-sale-to-further-ai-data-center-pivot ↗partialMarket Data
StockAnalysis CORZ statistics
Market data snapshot used for share price, shares outstanding, market capitalization, and valuation metrics; treated as partial due to potential delay.
https://stockanalysis.com/stocks/corz/statistics/ ↗partialResearch
CoinGecko CORZ BTC treasury
Research treasury profile tracks CORZ BTC holdings, BTC per share, estimated market value, and company details.
https://www.coingecko.com/en/treasuries/core-scientific ↗Notes
CORRECTED from a materially wrong prior snapshot: prior data showed $41M debt and 13,500 BTC. Core Scientific has since closed a $3.3B 7.75% senior secured notes offering (April 2026), had its ~$9B CoreWeave acquisition rejected (Oct 2025), reported a ~$347.2M Q1 2026 loss, and is monetizing substantially all of its BTC (~600 BTC / $37.3M digital assets as of March 31, 2026). BTC held is a low-confidence estimate derived from the reported digital-asset carrying value; some trackers (e.g. The Block) show ~1,600 BTC on slightly different snapshot dates. Operational hashrate ~15.7 EH/s (Dec 2025), declining as mining moves into runoff for the AI/HPC pivot. Energy mix from company disclosures. Market data (share price ~$29.72) from June 2026 snapshots and delayed/estimated. Not investment advice.
Not investment advice. Pledge provides comparison data for educational purposes only. This snapshot was checked 2026-06-21. Past performance does not guarantee future results.
Affiliate disclosure. Pledge currently does not earn affiliate or referral fees from any product listed on this page. If that changes, monetized links will carry a clear ↗ AFFILIATE marker.
Mining metrics. Hashrate, energy mix, and BTC treasury figures are based on reported data and may not reflect current holdings or operational status.
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Not investment advice. Pledge provides comparison data for educational purposes only; it is not financial, investment, legal, or tax advice. Listed rates, terms, and scores can change and Pledge does not guarantee future availability, pricing, approval, or outcomes. Verify current terms with official sources before acting.
Affiliate disclosure. Pledge currently has no affiliate links, referral fees, or sponsored placements. If a paid relationship is ever added, it will be disclosed inline where it appears — and it will not affect rankings or scores.