Core Scientific Stock Slips Before the Open as Its AI Data-Center Bet Faces a June Test
Core Scientific shares dropped 3.2% to $26.85 in early pre-market trading Monday, putting its market value at about $8.67 billion. The company reported first-quarter revenue of $115.2 million, with colocation revenue rising sharply to $77.5 million from $8.6 million a year earlier. Core Scientific recently added data-center veteran Steve Smith to its board. CoreWeave shares rose 2.5% while bitcoin fell 2%.