Alvin Lang
Feb 23, 2026 12:45
Core Scientific schedules Q4 fiscal 2025 earnings call for March 2, 2026. Stock up 45% yearly as company pivots from Bitcoin mining to AI data centers.
Core Scientific (Nasdaq: CORZ) will release its fourth quarter and fiscal year 2025 financial results on March 2, 2026, after market close. The Austin-based company will host an earnings call at 4:30 p.m. ET to discuss performance during a pivotal year for its business transformation.
CEO Adam Sullivan, COO Matt Brown, and CFO Jim Nygaard will lead the call as investors look for updates on the company’s aggressive pivot from Bitcoin self-mining toward high-density colocation services for AI workloads.
What Traders Should Watch
CORZ shares traded at $17.25 as of February 22, up 2.1% on the day and roughly 45% higher over the past year. The stock’s performance reflects growing institutional confidence in the data center pivot, despite a $147 million loss reported in Q3.
Recent fund activity tells an interesting story. A $38.5 million new stake was disclosed in mid-February, signaling conviction in the AI infrastructure play. Meanwhile, Paloma Partners trimmed its position on February 20, suggesting some institutional disagreement on timing.
The Transformation Story
Core Scientific emerged from Chapter 11 bankruptcy in January 2024 and has since repositioned itself as an AI infrastructure provider. The company operates 10 facilities across seven states—Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma, and Texas—and is converting most of them to support AI-related workloads.
The Q1 2025 numbers showed $79.5 million in revenue, with management targeting 250MW of capacity by year-end 2025 and 590MW by early 2027. Those capacity milestones will likely dominate analyst questions on the March call.
Key Questions for the Call
Investors will want clarity on several fronts: conversion timeline for remaining mining facilities, customer pipeline for HDC services, and whether the company can hit its 590MW target without additional capital raises. The balance between maintaining Bitcoin mining operations and accelerating the AI pivot remains a central tension in the investment thesis.
The earnings webcast will be accessible via Core Scientific’s investor relations site. An audio replay will be archived for those who miss the live event.
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