Core Scientific

🇺🇸United States
CORZ
Holding bitcoin since Dec 31, 2021

BTC Holdings

977

Share Price
$17.49

Current trading price per share

Market Cap
$5,229.8M

Total market capitalization

Enterprise Value
$5,580M

Market cap plus debt minus cash

NAV Multiple
48.773

Net Asset Value multiplier

BTC / Market Cap
2.05%

Bitcoin holdings as % of market cap

About Core Scientific

Core Scientific, a publicly traded company listed under the ticker CORZ in the United States, stands as a prominent player in the digital infrastructure and blockchain technology sector. Headquartered in the U.S., the company focuses on providing high-performance computing solutions, primarily through its operation of large-scale data centers. These facilities are designed to support intensive computational tasks, with a significant emphasis on cryptocurrency mining operations, particularly for Bitcoin. Core Scientific’s business model revolves around leveraging cutting-edge technology to optimize energy efficiency and computational power, ensuring scalability for its clients and partners. By maintaining a robust network of data centers across strategic locations in the U.S., the company serves as a backbone for blockchain networks, facilitating the processing of transactions and securing decentralized systems. This positions Core Scientific at the intersection of technology and finance, where it plays a vital role in supporting the infrastructure necessary for the growth of digital currencies. The company’s commitment to innovation extends beyond mining, as it explores opportunities in artificial intelligence and other high-performance computing applications, diversifying its portfolio while maintaining a strong foothold in the cryptocurrency ecosystem. Through its operations, Core Scientific not only contributes to the stability and security of blockchain networks but also aligns itself with the broader mission of advancing decentralized financial systems, making it a key contributor to the evolving landscape of digital assets in the United States and beyond.

One of the defining aspects of Core Scientific’s strategy is its forward-thinking approach to Bitcoin treasury management, reflecting its deep integration into the digital asset space. The company actively holds Bitcoin as part of its corporate treasury, viewing it as a strategic asset that aligns with its core operations in cryptocurrency mining. This decision underscores a belief in the long-term potential of Bitcoin as a store of value and a hedge against traditional financial uncertainties. By incorporating Bitcoin into its balance sheet, Core Scientific demonstrates a pioneering stance among publicly traded entities in the U.S., embracing the principles of decentralization and financial innovation. The company’s treasury strategy is carefully designed to balance the operational demands of mining with the goal of preserving and growing its digital asset holdings. This involves meticulous planning around energy costs, mining efficiency, and market dynamics to ensure sustainability. Furthermore, Core Scientific’s approach serves as a model for other corporations considering digital assets as part of their financial strategies, showcasing how Bitcoin can be integrated into traditional corporate frameworks. By aligning its treasury practices with its operational focus on blockchain technology, the company not only strengthens its financial resilience but also champions the adoption of cryptocurrencies at an institutional level, contributing to the mainstream acceptance of Bitcoin as a legitimate asset class within the global financial ecosystem.

In the broader industry landscape, Core Scientific holds a significant position as a leader in digital infrastructure and a catalyst for Bitcoin adoption. Operating within the competitive U.S. market, the company distinguishes itself through its scale, technological expertise, and commitment to sustainable practices in cryptocurrency mining. Its extensive network of data centers positions it as a critical enabler of blockchain technology, supporting the decentralized networks that underpin Bitcoin and other digital currencies. This role is particularly impactful in fostering trust and reliability in blockchain systems, as Core Scientific’s infrastructure ensures consistent uptime and security for transaction processing. Strategically, the company’s focus on Bitcoin treasury management and mining operations places it at the forefront of corporate adoption of digital assets, inspiring other businesses to explore similar paths. Its influence extends beyond operational contributions, as it actively participates in shaping industry standards and advocating for the integration of cryptocurrencies into mainstream finance. By bridging the gap between traditional corporate structures and the emerging world of decentralized finance, Core Scientific plays a pivotal role in driving innovation and acceptance of Bitcoin on a global scale. The company’s efforts to combine technological prowess with financial strategy underscore its importance as a trailblazer, reinforcing the United States’ position as a hub for blockchain and cryptocurrency advancements while paving the way for broader institutional engagement with digital assets.

Recent Developments

  • Mar 31, 2025: Bitcoin holdings increased by 721.00 BTC to 977 BTC (BTC @ $82.4K)
  • Dec 31, 2024: Bitcoin holdings increased by 234.98 BTC to 256 BTC with cost basis of $25M (BTC @ $93.6K)
  • Sep 30, 2023: Bitcoin holdings increased by 10.58 BTC to 21.02 BTC (BTC @ $26.9K)
  • Jun 30, 2023: Bitcoin holdings increased by 10.44 BTC to 10.44 BTC with cost basis of $300K (BTC @ $30.5K)
  • Mar 31, 2023: Bitcoin holdings decreased by 43.55 BTC to 0 BTC (BTC @ $28K)
Core Scientific — Bitcoin Holdings Over Time
December 31, 2021 - Present
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Core Scientific — Stock vs BTC Dynamics
December 31, 2021 - Present
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Balance Sheet History
Date
BTC Balance
Change (BTC)
Cost Basis
Market Price
Stock Price
Mar 31, 2025
977
721
$82381
Dec 31, 2024
256
234.98
$24991000$93595
Sep 30, 2023
21.02
10.58
$26917
Jun 30, 2023
10.44
10.44
$300000$30467
Mar 31, 2023
-43.55
$28041
Dec 31, 2022
43.55
-18.45
$700000$16604
Oct 31, 2022
62
-989
$20624
Sep 30, 2022
1051
-358
$19564
Aug 31, 2022
1409
204
$19805
Jul 31, 2022
1205
-754
$23653
Jun 30, 2022
1959
-7659
$20109
Apr 30, 2022
9618
1121
$38651
Mar 31, 2022
8497
1142
$47063
Feb 28, 2022
7355
982
$37804
Jan 31, 2022
6373
1073
$37983
Dec 31, 2021
5300
5300
$47192