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$CORZ

8 stories mentioning CORZUpdated 27d ago

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Commodities

Core Scientific Completes $444 Million Acquisition of Polaris DS

Core Scientific (CORZ) on Friday said it has completed the $444 million acquisition of Oklahoma-based data-center infrastructure company Polaris DS.The acquisition will provide Core Scientific access to about 440 megawatts of gross, grid-connected power capacity secured by Polaris under an existing agreement with OGE Energy (OGE) subsidiary Oklahoma Gas & Electric, the company said in a statement.Core Scientific intends to expand its Muskogee, Oklahoma campus to about 1.5 gigawatts of gross power, or about 1 GW of leasable power "through a combination of grid-connected and behind-the-meter solutions."The company has added over 600 MW of leasable power to its portfolio this year through site acquisitions and expects to deliver the next 82 MW starting in H2 2027, the statement said.The Delaware-based digital infrastructure company builds and operates data centers for high-density colocation services.

$CORZ$OGE
Research

Keefe Bruyette & Woods Upgrades Core Scientific to Outperform From Market Perform, Adjusts PT to $28 From $25

Core Scientific (CORZ) has an average rating of buy and mean price target of $36, according to analysts polled by FactSet.

$CORZ
Wire

Macquarie Adjusts Price Target on Core Scientific to $38 From $35, Maintains Outperform Rating

Core Scientific (CORZ) has an average rating of buy and mean price target of $35.51, according to analysts polled by FactSet.Price: $19.09, Change: $-1.66, Percent Change: -8.00%

$CORZ
Insider Trading

Core Scientific Insider Sold Shares Worth $292,939, According to a Recent SEC Filing

Todd M Duchene, Chief Legal and Administrative Officer, on June 22, 2026, sold 10,000 shares in Core Scientific (CORZ) for $292,939. Following the Form 4 filing with the SEC, Duchene has control over a total of 2,048,895 common shares of the company, with 2,048,895 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1839341/000090514826003074/xslF345X05/form4.xml

$CORZ
Insider Trading

Core Scientific Insider Sold Shares Worth $283,619, According to a Recent SEC Filing

Todd M Duchene, Chief Legal and Administrative Officer, on June 01, 2026, sold 10,000 shares in Core Scientific (CORZ) for $283,619. Following the Form 4 filing with the SEC, Duchene has control over a total of 2,078,895 common shares of the company, with 2,078,895 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1839341/000090514826002803/xslF345X05/form4.xml

$CORZ
Wire

Core Scientific Plans 1.5 GW Oklahoma Expansion

Core Scientific (CORZ) said Wednesday it plans to expand its Muskogee, Oklahoma campus to about 1.5 gigawatts of gross power, including roughly 1.0 gigawatt of leasable capacity, to support high-density compute deployments.As part of the plan, the company agreed to acquire Polaris DS, which has contracted 440 megawatts of gross power, with the deal expected to close in Q3.The company said the acquisition will accelerate its timeline for new capacity, with construction already underway on an 82.5-megawatt facility slated for initial delivery in Q4 of 2027.Shares of Core Scientific were up 9% in Wednesday trading.Price: $24.18, Change: $+1.99, Percent Change: +8.97%

$CORZ
Wire

Core Scientific Subsidiary Prices $3.3 Billion Private Notes Offering; Shares Down Premarket

Core Scientific (CORZ) said its wholly-owned subsidiary, Core Scientific Finance I, priced an offering of $3.3 billion of 7.750% senior secured notes due 2031 at 99.250% of the principal.The unit plans to use the proceeds to fund a debt service reserve account and distribute the remaining funds to its parent, Core Scientific said late Wednesday. The company intends to use a portion of the net proceeds to repay delayed loans from its 364-day credit facility.The notes will be sold in a private offering to institutional buyers. The offering is expected to close on May 6.Shares of Core Scientific were down 1.3% in Thursday's premarket activity.Price: $20.91, Change: $-0.28, Percent Change: -1.32%

$CORZ
Sectors

Sector Update: Tech Stocks Advance Pre-Bell Tuesday

Technology stocks were advancing pre-bell Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) 2% higher.CrowdStrike (CRWD) shares were up more than 1% after the company said it has expanded its go-to-market strategy across Japan and Asia Pacific, aiming to boost cybersecurity adoption among small and medium-sized businesses, or SMBs.Core Scientific (CORZ) stock was up more than 2% after the company said its Core Scientific Finance I unit plans to launch a private offering of $3.3 billion worth of senior secured notes due 2031.Sony Group (SONY) and Honda Motor (HMC) will scale down operations of their Sony Honda Mobility joint venture, citing difficulty in finding ways to bring products and services to the market in the short to medium term, the companies said. Sony Group shares were down more than 1% premarket.

$CORZ$CRWD$HMC$SONY$XLK$XSD

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