Core Scientific (CORZ) Recovers As Investors Digest Earnings Report

Core Scientific, Inc. (NASDAQ:CORZ) is one of the 7 Best Data Center GPU-as-a-Service Stocks To Buy. 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.

Core Scientific, Inc. (NASDAQ:CORZ) is one of the 7 Best Data Center GPU-as-a-Service Stocks To Buy.

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.

While we acknowledge the risk and potential of CORZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CORZ and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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