5 Best Data Center GPU-as-a-Service Stocks To Buy

2. Core Scientific, Inc. (NASDAQ:CORZ)

Number of Hedge Fund Holders: 76

Core Scientific, Inc. (NASDAQ:CORZ) released its Q1 2026 earnings report on May 8. It reported revenue of $115.2 million, up from $79.5 million year over year. The Bitcoin miner company reported a loss of $347.2 million in Q1, a big drop from $576.3 million in Q1 2025. Following this news, the company’s stock price fell 7% in after-hours trading.

Despite the fall in self-mining revenue to $30.1 million from $67.2 million, the company’s revenue grew due to its colocation services, which generated roughly $77.5 million in Q1 2026, up from $8.6 million in the same period last year. Moreover, Core Scientific, Inc. (NASDAQ:CORZ) is building data centers for AI ahead of schedule to meet high demand, spending more on development across multiple sites to achieve high targets. This ability to invest early and build quickly makes them stand out in the current market.

Core Scientific, Inc. (NASDAQ:CORZ) provides infrastructure and services for AI-related computing workloads. The company offers hosting services to customers involved in cryptocurrency mining and machine learning projects. It was founded in 2017 and is headquartered in Dover, Delaware.