CORZ Stock Forecast & Price Target

Core Scientific has demonstrated significant revenue growth, with 2024 revenue projected at $1.92 billion, marking a remarkable 700% increase from $228 million in 2023. The company’s EBITDA has also seen improvement, reaching $128 million in conjunction with its operational efficiency gains expected in the latter half of 2025. Furthermore, the strategic expansion of its hosting capacity to 590MW and the anticipated growth in compute access to 1.3GW underline Core Scientific's ability to capitalize on the rising demand for digital asset mining and high-performance computing services.

Core Scientific Inc's stock outlook is negatively influenced by a 33% year-over-year decrease in total revenue, primarily driven by a significant decline of 29% in digital asset self-mining revenue, despite a rise in bitcoin prices. The company reported a considerable net loss of $265 million, exacerbated by increased general and administrative expenses and research and development costs, along with lower operating margins due to additional maintenance capital expenditures at older facilities. Furthermore, the shift in focus towards high-performance computing (HPC) appears to be insufficient to offset the declining performance in its primary self-mining segment, leaving the company vulnerable amidst a challenging market environment.