Core Scientific, Inc. Tranche 2 Warrants Price & Performance (CORZZ)

Core Scientific reported a net loss of $265.5 million in Q4 2024, up from $195.7 million in the same period in 2023. Revenue fell by 33% to $94.9 million, driven by reduced Bitcoin mining activity and a shift to hosting services. Operating losses also widened significantly.1

Traders are advised caution with CORZZ stock, as current technical data indicates weak support levels. Resistance at $12.05 suggests a short-selling opportunity, but the lack of a downside target underscores uncertainty. Analysts recommend waiting for clearer market signals before taking action.2

Core Scientific increased its infrastructure capacity to 1,300 MW in 2024, focusing on high-performance computing and Bitcoin mining. Despite these advancements, the company reported a $1.3 billion net loss for the year, highlighting challenges in profitability amidst industry shifts.1