Core Scientific Inc. (CORZ): Billionaire Howard Marks Holds Bullish Position

We just covered the Billionaire Howard Marks’ 10 Stock Picks with Huge Upside Potential and Core Scientific, Inc. (NASDAQ:CORZ) ranks 3rd on this list.

Core Scientific, Inc. (NASDAQ:CORZ) is a relatively recent addition to the 13F portfolio of Oaktree Capital Management. The fund first disclosed a stake in the company in the third quarter of 2025. This position comprised 6.4 million shares. The hedge fund then proceeded to add to this holding by more than 30% in the next few months. Filings for the fourth quarter of 2025 show that the fund owned over 8.3 million shares in the firm. Core provides infrastructure for high-density colocation services and digital asset mining in the United States. It offers space, power, cooling, facilities operations, security, and other services to third-party customers to support workloads for machine learning and artificial intelligence.

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Core Scientific, Inc. (NASDAQ:CORZ) was once primarily known as a Bitcoin miner. However, in recent months, the narrative around the company has shifted to high-performance computing and AI infrastructure. Hedge funds are piling into the stock to capture the revenue from a massive partnership with CoreWeave. The agreement has expanded to roughly 590 MW of HPC capacity, which is projected to generate $8.7 billion to $10 billion in revenue over the next 12 years. For funds like, this contract acts as a synthetic bond, a guaranteed cash flow stream from a high-quality AI customer that covers the cost of building the infrastructure.

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