CORZ reports 243MW billing capacity, $350 million annualized colocation revenue, and improved profitability targets after closing a $3.3 billion bond.
Core Scientific Inc. (CORZ) traded at $26.85 on May 29, reflecting investor optimism after a robust first quarter of 2026. The company expanded its billing capacity to 243MW, driving over $350 million in annualized colocation revenue, while closing a $3.3 billion CoreWeave project bond.
Management raised long-term cash gross margin targets to 80%-85% for the CoreWeave contract, citing improved operational visibility. Despite the expiration of an exclusive 500MW hyperscaler negotiation, demand remains strong, with three additional hyperscalers engaged at the same sites.
The company’s trailing and forward P/E ratios stood at 77.08 and 166.67, respectively, as it solidifies its position as a leading AI infrastructure provider.