Core Scientific to Lease 400 Megawatts of Data Center Capacity This Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
0mins
Source: Yahoo Finance
- Strong Customer Demand: Core Scientific anticipates announcing over 100 megawatts of new customer deals within the next 90 days, indicating robust demand for data centers, particularly in AI computing, which could significantly enhance the company's market value.
- Power Shortage Challenges: Morgan Stanley projects a 47-gigawatt power shortfall for data centers by 2028, a gap nearly ten times New York City's daily energy footprint, highlighting the increasing importance of data center developers in an energy-constrained market.
- Clear Transformation Trend: With challenges in the cryptocurrency mining sector, companies like Core Scientific and CoreWeave are rapidly pivoting to AI and high-performance computing, with an expected 60% of mining facilities transitioning to this area over the next three years, further driving business growth.
- Significant Market Potential: Core Scientific currently has about 1 gigawatt of data center capacity and plans to repurpose 400 megawatts of its mining operations into high-performance computing, potentially generating around $10 billion in revenue, showcasing its substantial growth potential in a constrained power market.
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Analyst Views on CORZ
Wall Street analysts forecast CORZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CORZ is 27.46 USD with a low forecast of 19.94 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 19.490
Low
19.94
Averages
27.46
High
40.00
Current: 19.490
Low
19.94
Averages
27.46
High
40.00
About CORZ
Core Scientific, Inc. provides digital infrastructure for high-density colocation services and digital asset mining. The Company operates dedicated, purpose-built facilities for digital asset mining and is a provider of digital infrastructure, software solutions and services to its third-party customers. Its Digital Asset Self-Mining segment consists of digital asset mining for its own account. Its Digital Asset Hosted Mining segment consists of its digital infrastructure and third-party hosting services for digital asset mining. Its Colocation segment consists of providing high-density colocation services to third parties for graphics processing units (GPU)-based high-performance computing (HPC) operations. It employs its own large fleet of computers (miners) to earn digital assets for its own account and to provide hosting services for large digital asset-mining customers, and it is in the process of allocating and converting a significant portion of its 10 facilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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