Core Scientific Stock Is Up 17% This Past Year, but One Fund Just Disclosed a $9 Million Exit

3 weeks ago 13

We are experiencing immoderate impermanent issues. The marketplace information connected this leafage is presently delayed.

Jonathan Ponciano, The Motley Fool

Fri, February 6, 2026 astatine 9:21 AM PST 4 min read

On February 3, Pier Capital reported selling each 504,958 shares of Core Scientific (NASDAQ:CORZ) successful the 4th quarter, an estimated $9.06 cardinal transaction.

According to a Securities and Exchange Commission (SEC) filing dated February 3, Pier Capital sold each 504,958 shares of Core Scientific during the 4th quarter. The fund’s quarter-end Core Scientific presumption dropped by $9.06 million.

Top 5 holdings aft the filing:

NYSE:MIR: $16.80 cardinal (2.7% of AUM)
NYSE:CWAN: $16.45 cardinal (2.6% of AUM)
NYSE:HXL: $11.99 cardinal (1.9% of AUM)
NASDAQ:ALHC: $10.80 cardinal (1.7% of AUM)
NASDAQ:FULT: $10.50 cardinal (1.7% of AUM)

As of February 6, shares of Core Scientific were priced astatine $14.82, up 17% implicit the past twelvemonth and somewhat outperforming the S&P 500’s astir 13% summation implicit the aforesaid period.

Metric

Value

Price (as of February 2)	$14.82
Market Capitalization	$4.59 billion
Revenue (TTM)	$334.18 million
Net Income (TTM)	($768.31 million)

Core Scientific operates integer plus mining facilities and provides blockchain infrastructure, bundle solutions, and colocation services successful North America.
The institution generates gross chiefly done self-mining of integer assets and hosting services for large-scale blockchain miners, leveraging owned and operated datacenter infrastructure.
It targets organization clients and enterprise-scale miners seeking secure, high-performance blockchain processing and hosting capabilities.

Core Scientific is simply a starring supplier of blockchain infrastructure and integer plus mining services, operating astatine standard crossed North America. The institution combines proprietary software, high-capacity datacenter operations, and a dual-revenue exemplary focused connected some self-mining and hosting for third-party clients. Its strategical absorption connected infrastructure optimization and blockchain exertion positions it arsenic a cardinal subordinate successful the integer plus ecosystem.

Core Scientific is successful the mediate of a pivot distant from volatile self-mining toward high-density colocation, and that displacement is showing up intelligibly successful the numbers.

In the 3rd quarter, gross fell to $81.1 cardinal from $95.4 cardinal a twelvemonth earlier, driven by a crisp driblet successful self-mining activity. Bitcoin mined fell 55% twelvemonth implicit year, partially offset by higher prices, portion hosted mining gross was chopped astir successful half. The agleam spot was colocation, wherever gross roseate to $15.0 cardinal from $10.3 cardinal arsenic caller capableness came online.

That advancement came astatine a cost. Capital expenditures reached $244.5 cardinal during the quarter, mostly tied to infrastructure buildouts, portion adjusted EBITDA slipped to a $2.4 cardinal loss. Liquidity remains important astatine astir $695 cardinal betwixt currency and bitcoin holdings, but nett losses were inactive $146.7 cardinal for the quarter.

Against Pier Capital’s remaining holdings, which skew toward industrials and healthcare names with clearer currency travel profiles, the afloat exit reads arsenic hazard simplification alternatively than a timing call. Now, Core Scientific’s aboriginal hinges connected executing a capital-intensive transformation, not connected crypto terms momentum alone.