Core Scientific Maintains Positive Outlook Despite Revenue Drop and Mixed Analyst Sentiment

Core Scientific, Inc. (NASDAQ:CORZ) is one of the 11 Best Performing IPOs in the Last 2 Years.

Despite the decline in revenue and mixed analyst opinions, the company’s upside potential remains positive.

Core Scientific, Inc. (NASDAQ:CORZ) announced revenue of $78.63 million for the quarter ended June 2025, a 44.3% year-over-year decline. It also fell back to the analyst’s estimated revenue by 2.28%. The decline was attributed to a 62% decrease in bitcoin mined, which brought the Digital asset self-mining revenue down to $62.4 million from $110.7 million in the prior-year period. On the other hand, the EPS of -$0.04 surpassed the anticipated EPS of -$0.07.

The second quarter results garnered mixed sentiments from analysts. While some analysts like Bernstein reaffirm their Buy rating on the stock, the ratings of most other analysts are tilted to Hold. The upside potential of the stock, as per CNN, stands at 5.07%.

Core Scientific, Inc. (NASDAQ:CORZ)’s IPO was issued on January 20, 2024, and since then, the company has had a growth of 371.68%, which contributes to its positive outlook.

Core Scientific, Inc. (NASDAQ:CORZ) is a leader in digital infrastructure. Headquartered in Delaware, the company specializes in providing high-density colocation services. It is known for operating dedicated data centers and currently transitioning to focus on AI-related workloads. The company was founded in 2017.

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