Core Scientific Inc (NASDAQ:CORZ) is one of the best data center stocks to invest in according to billionaires. Core Scientific shares are up around 34% over the past month, have gained more than 77% year-to-date, and have soared 126% over the past year. Analysts continue to see upside potential in the stock.
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On May 26, Core Scientific Inc (NASDAQ:CORZ) announced the appointment of Steve Smith to its board of directors. The company added that Smith would also serve on its nominating and corporate governance committee.
According to Core Scientific, Smith brings over 35 years of experience in the data center and digital infrastructure. Smith is currently the CEO of Zayo Group, a global internet network provider. Before joining Zayo, Smith served as CEO of the data center giant Equinix for more than a decade. In that period, Equinix’s revenue increased from roughly $400 million annually to more than $4 billion.
Core Scientific looks to benefit from Smith’s proven record and deep commercial and operational experience as it seeks to accelerate its growth. In his comment, Smith noted that Core Scientific is well-positioned to capture opportunities amid increasing demand for computing infrastructure.
In April 2026, Core Scientific (NASDAQ:CORZ) announced plans to transform its Pecos, Texas site into a massive AI‑focused data center campus with up to 1.5 GW of power capacity, according to Bloomberg. About 1 GW will be available for leasing, while 300 MW previously used for Bitcoin mining is being repurposed for data center operations. The first data hall has moved into vertical construction, with initial capacity expected in early 2027.
Core Scientific also secured an additional 300 MW of contracted power and is exploring further expansion through behind‑the‑meter solutions. This pivot reflects a broader trend among crypto miners including MARA Holdings, Hive, Hut 8, TeraWulf, and Iren who are diversifying into AI infrastructure as mining margins tighten, positioning themselves at the intersection of digital assets and next‑generation data centers.
Core Scientific Inc (NASDAQ:CORZ) owns and operates data centers. Its purpose-built data centers are designed to support high-density computing, AI workloads, and digital asset mining. The company provides the infrastructure that large technology companies need to run complex computing operations.
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 this cheapest AI stock.
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