About Core Scientific
Core Scientific is a company based in Bellevue (United States) founded in 2017 was acquired by CoreWeave in July 2025.. Core Scientific has raised $49 million across 7 funding rounds from investors including Celsius, BITMAIN and CoreWeave. The company has 325 employees as of December 31, 2024. Core Scientific has completed 1 acquisition, including Honeyminer. Core Scientific offers products and services including HPC Hosting, Bitcoin Mining, Bitcoin Miner Hosting, and Digital Infrastructure. Core Scientific operates in a competitive market with competitors including Pi Network, Vogogo, Bitfarms, Compute North and Genesis Digital Assets, among others.
- Headquarter Bellevue, United States
- Employees 325 as on 31 Dec, 2024
- Stage Public
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Core Scientific, Inc.
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Annual Revenue
$510.67 M1.65as on Dec 31, 2024
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Net Profit
$-1.12 B-355.37as on Dec 31, 2024
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EBITDA
$108.94 M-2.55as on Dec 31, 2024
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Total Equity Funding
$49 M (USD)
in 7 rounds
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Latest Funding Round
$400 M (USD), Post-IPO
Aug 14, 2024
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Investors
Celsius
& 6 more
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Employee Count
325
as on Dec 31, 2024
- Investments & Acquisitions
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Acquired by
CoreWeave
(Jul 07, 2025)
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IPO & Listings of Core Scientific
Core Scientific is a publicly listed company on the NASDAQ with ticker symbol CORZ in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Core Scientific
Core Scientific offers a comprehensive portfolio of products and services, including HPC Hosting, Bitcoin Mining, Bitcoin Miner Hosting, and Digital Infrastructure. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides high-power infrastructure for deploying GPUs in high-performance computing.
Operates large-scale mining for solving Bitcoin puzzles and earning rewards.
Offers premium hosting for customer miners with high uptime and efficiency.
Delivers scalable data centers for advanced computing and mining needs.
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Funding Insights of Core Scientific
Core Scientific has successfully raised a total of $49M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $400 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $400.0M
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First Round
First Round
(05 Mar 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Post-IPO - Core Scientific | Valuation |
investors |
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| Jan, 2024 | Amount | Post-IPO - Core Scientific | Valuation |
investors |
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| Sep, 2023 | Amount | Post-IPO - Core Scientific | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Core Scientific
Core Scientific has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Celsius, BITMAIN and CoreWeave. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Buyouts are targeted through private equity investments by the firm.
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage startups by Ibex Investors.
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Founded Year | Domain | Location | |
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Hardware solutions for cryptocurrency mining are developed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Core Scientific
Core Scientific has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Honeyminer. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Platform offering pool mining solutions
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Core Scientific
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Core Scientific Comparisons
Competitors of Core Scientific
Core Scientific operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pi Network, Vogogo, Bitfarms, Compute North and Genesis Digital Assets, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of blockchain-based platform offering to mine coins
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| domain | founded_year | HQ Location |
Bitcoin mining hosting and optimization software are provided.
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| domain | founded_year | HQ Location |
Cryptocurrency cloud mining solutions are provided via blockchain infrastructure.
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| domain | founded_year | HQ Location |
Renewable energy-powered cryptocurrency mining colocation is provided.
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| domain | founded_year | HQ Location |
Profitable bitcoin mining operation services are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Core Scientific
Frequently Asked Questions about Core Scientific
When was Core Scientific founded?
Core Scientific was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Core Scientific located?
Core Scientific is headquartered in Bellevue, United States. It is registered at Bellevue, Washington, United States.
Is Core Scientific a funded company?
Core Scientific is a funded company, having raised a total of $49M across 7 funding rounds to date. The company's 1st funding round was a Post-IPO of $77M, raised on Mar 05, 2018.
How many employees does Core Scientific have?
As of Dec 31, 2024, the latest employee count at Core Scientific is 325.
What is the annual revenue of Core Scientific?
Annual revenue of Core Scientific is $510.67M as on Dec 31, 2024.
What does Core Scientific do?
Core Scientific was founded in 2017 and is headquartered in Bellevue, United States. Operations focus on the AI and blockchain sectors, where infrastructure and hosting services for both technologies are provided. AI applications, blockchain applications, and digital asset mining services are also delivered. Fleet management solutions support overall activities in these areas.
Who are the top competitors of Core Scientific?
Core Scientific's top competitors include Pi Network, Bitfarms and BitFuFu.
What products or services does Core Scientific offer?
Core Scientific offers HPC Hosting, Bitcoin Mining, Bitcoin Miner Hosting, and Digital Infrastructure.
Is Core Scientific publicly traded?
Yes, Core Scientific is publicly traded on NASDAQ under the ticker symbol CORZ.
How many acquisitions has Core Scientific made?
Core Scientific has made 1 acquisition, including Honeyminer.
Who are Core Scientific's investors?
Core Scientific has 7 investors. Key investors include Celsius, BITMAIN, CoreWeave, Apollo Global Management, and BlackRock.
What is Core Scientific's ticker symbol?
The ticker symbol of Core Scientific is CORZ on NASDAQ.
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