Positive context积极背景
Stocks股票 / Tech / CORZ
Core Scientific Inc · Tech
CORZ US listed · USD美股 · 美元
Tech
Russell 2000罗素2000
Speculative / unprofitable投机／未盈利
$17.34
-$0.78 · -4.30%
52w low52周低 $12.97high高 $29.94
Hold off — timing against you暂缓 — 时机不利
Downtrend — stand aside until a new cycle low forms and confirms.下跌趋势——观望，直至新的周期低点形成并确认。
As of 2026-09-28截至 2026-09-28
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
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The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-09-28
Momentum (RSI 14)动量（RSI 14）
45
Neutral zone中性区域
vs 50-day average相对50日均线
-10.0% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
-12.4% below下方
Long trend down长期向下
Volatility波动率
48th percentile第48百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-10-2325
Mixed — beat 2 of last 4 quarters表现不稳 — 近 4 季中 2 季超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 159.6%
Financials财务数据
fiscal years财年Revenue营业收入
$319.0M2025
20212025
Earnings per share每股收益
$-0.882025
20212025
Free cash flow自由现金流
-$450.8M2025
20212025
Gross margin毛利率
11.9%
Operating margin营业利润率
-77.0%
Net margin净利率
-90.5%
FCF margin自由现金流利润率
87.2%
Balance-sheet quality财务体质 3/8
Return on equity股本回报率 30%
Watch关注
Leverage杠杆
Current ratio流动比率1.15
Capital allocation资本配置
Stock-based comp股权薪酬$98.2M
Share count change (1y)股数变化（1年）+7.4%
Debt coming due到期债务
SEC filingsSEC 文件Its filings are available, but they do not break debt down by the year it comes due — every bucket below is unreported.已获取该公司的 SEC 文件，但文件中未按到期年度拆分债务 —— 以下各区间均未披露。
Next 12 months未来12个月
not reported未披露
Year 2第2年
not reported未披露
Year 3第3年
not reported未披露
Year 4第4年
not reported未披露
Year 5第5年
not reported未披露
After year 55年以后
not reported未披露
Not every company reports a year-by-year schedule. Nothing is being estimated in its place.并非所有公司都会披露逐年到期安排；此处不作任何估算替代。
Cash reported at 2025-12-31: $311378000.截至 2025-12-31 披露的现金：$311378000。 At the cash-burn pace reported over 2025-01-01 to 2025-12-31, that cash represented about 8.3 months. This scenario excludes debt payments and future financing.按 2025-01-01 至 2025-12-31 期间披露的现金消耗速度，该现金约对应 8.3 个月。此情景不包括债务偿还与未来融资。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Annual period年度区间 2025-01-01 — 2025-12-31 · USD · 10-K · 0001628280-26-013305 · Filed提交日期 2026-03-02.
Cache acquired缓存获取时间: 2026-09-23T08:00:41.845716+00:00 · Evaluated as of评估截至 2026-09-29.
- Reported operating cash flow已披露经营活动现金流: $278250000
- Reported equipment spending (capex outflow)已披露设备支出（资本开支流出）: $729000000
- Derived free cash flow (operating cash flow minus capex)计算所得自由现金流（经营现金流减资本开支）: $-450750000
Cash is the reported balance at period end. The runway scenario holds this annual cash-flow pace constant and excludes debt payments, restricted-cash adjustments and future financing.现金为期末已披露余额。现金跑道情景假设本年度现金流速度保持不变，不包括债务偿还、受限现金调整与未来融资。
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Sector / Theme行业/主题
AI Neoclouds & HPC Hosting theme — #23 of 49 themes「AI 新云与高性能算力托管」主题 — 49 个主题中第 23 位
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
CORZ broke down vs the marketCORZ 相对市场走弱
Options positioning期权持仓
as of last close截至上一收盘Market makers are net long gamma — price pinned near current level做市商净持有正伽玛，价格倾向于在当前水平附近震荡
Expected daily move预期日波动
±4.65%
Expected weekly move预期周波动
±10.40%
Gamma flip伽玛翻转位
$16
25d risk reversal25d风险逆转
0.4%
Flow:资金流向： $4M premium traded; 0% 0DTE; 27 fresh positions; P/C 0.45; net new PUT positioning (defensive / hedging) (ΔOI +27,137); ~leans bullish (direction approx)成交权利金 $4M；0DTE占0%；27个新建仓；看跌看涨比 0.45；净新增看跌持仓（防御/对冲）（ΔOI +27,137）；≈偏看涨（方向近似）
Skew: balanced偏斜：balanced
Call and put walls are plotted on the Trade levels ladder →看涨/看跌期权墙已标注在「交易点位」阶梯上 →
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$2.9M net (1 buyers, 1 sellers)-$2.9M 净值（1 买家，1 卖家）
Concentrated ownership集中持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | As of截至 |
|---|---|---|---|---|
| Tiger Global (Coleman) | B | New position新建仓 | 0.1% | 2026-06-30 |
| Third Point (Loeb) | B | New position新建仓 | 0.0% | 2026-06-30 |
| Oaktree Capital Management | B | trimtrim | 4.5% | 2026-06-30 |
| Soros Fund Management | B | trimtrim | 0.0% | 2026-06-30 |
Signal history信号历史
engine events引擎事件
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID. Failed cycle — price broke below the low that started this cycle, which historically means the larger trend is rolling over (~80% of cases). Last cycle was left-translated (topped early) — a bearish structural tell回避。失败周期——价格跌破了启动本周期的低点，历史上这通常意味着更大的趋势正在掉头向下（约 80% 的情形）。 上一周期为左移结构（见顶偏早）——属于看空的结构性信号
Sep 25, 2026
CORZ broke down vs the marketCORZ 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $17.34.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$17.34。
Sep 18, 2026
Death cross on CORZCORZ 死叉
The 50-day average crossed below the 200-day — a slow, widely-watched bearish trend signal. $17.99.50日均线下穿200日均线 — 一个滞后但广受关注的看空趋势信号。$17.99。
Sep 18, 2026
DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Sep 14, 2026
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID回避
Sep 14, 2026
CORZ broke down vs the marketCORZ 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $16.96.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$16.96。
Sep 10, 2026
CORZ broke down vs the marketCORZ 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $17.37.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$17.37。
Sep 3, 2026
DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Sep 3, 2026
CORZ daily MACD crossed upCORZ 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $17.90.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$17.90。
Sep 3, 2026
CORZ StochRSI turned up from oversoldCORZ StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $17.90.StochRSI重回20上方 — 下行动量趋缓的最早预警。$17.90。
Aug 27, 2026
CORZ StochRSI turned up from oversoldCORZ StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $17.62.StochRSI重回20上方 — 下行动量趋缓的最早预警。$17.62。
Aug 21, 2026
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID回避
Showing the last 15 of显示最近15条，共 188 signals条信号
Company profile公司档案
Demand chain:需求链： Hyperscaler capex accelerating (+69% YoY to ~$379B) — the demand pool for GPU neocloud capacity云厂商资本开支加速（同比+69%，约 $379B）——GPU 新云算力的需求来源
Watch items — what could change the story关注项 — 可能改变故事的因素
- Capital intensity rising
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
78/100 — stronger than most强于多数
vs market, 3 months相对大盘（3个月）
4/100 — weaker than most弱于多数
vs market, 6 months相对大盘（6个月）
72/100 — stronger than most强于多数
vs market, 12 months相对大盘（12个月）
66/100 — middle of the pack居中
Rank in sector行业内排名
#127 / 221
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -3.6% | +1.3% |
| 1 Month近1月 | -0.5% | +0.9% |
| 3 Months近3月 | -36.2% | +6.1% |
| 6 Months近6月 | +15.1% | +22.3% |
| Year to date年初至今 | +8.4% | +13.8% |
| 1 Year近1年 | +3.0% | +18.5% |
Trading information交易信息
Volatility rank波动率分位
48th pctile
EPS (trailing)每股收益
$-0.92
Off 52-week high距52周高点
-40.5%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|
| Revenue营业收入 | — | $640M | $502M | $511M | $319M |
| EPS每股收益 | — | $-6.30 | $-0.65 | $-4.87 | $-0.88 |
| Free cash flow自由现金流 | — | $-179M | $49M | $-52M | $-451M |
| Gross margin毛利率 | — | 1.3% | 24.6% | 23.7% | 11.9% |
| Net margin净利率 | — | -335.2% | -49.1% | -281.6% | -90.5% |
| FCF margin自由现金流利润率 | — | -27.9% | 9.7% | -10.2% | -141.3% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$319M
Gross profit毛利润
$38M
Net income净利润
$-289M
Operating cash flow经营现金流
$278M
Total assets总资产
$2.3B
Shareholder equity股东权益
$-963M
Long-term debt长期负债
$1.1B
Shares outstanding总股本
0.31B
Returns & growth回报与增长
Return on equity股本回报率
30.0%
Return on assets资产回报率
-12.3%
Debt / assets负债/资产
45.2%
Asset growth资产增速
+59.1%
Accounting quality checks会计质量检查
- Earnings quality: earnings cash-backed盈利质量：盈利有现金支撑
- Pricing power: gross margin +10.6pts over 4 years定价能力：毛利率 4 年上升 10.6 个百分点
- Capital discipline: assets +59.1% (aggressive expansion)资本纪律：资产 +59.1%（扩张激进）
- Balance sheet: leverage unremarkable资产负债表：杠杆水平一般
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
45
RSI (2-day)RSI（2日）
12
vs 20-day average相对20日均线
-0.7%
vs 50-day average相对50日均线
-10.0%
vs 200-day average相对200日均线
-12.4%
Golden cross (50>200)金叉（50>200）
not in effect未生效
MACDMACD
above signal位于信号线上方
Timeframe alignment多周期共振
Daily日线
momentum up动能向上
3-day3日线
momentum down — turning up soon动能向下——接近转强
Weekly周线
momentum down动能向下
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
12/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Jun 2026 | $0.18 | $-0.02 | +1000.0% |
| Mar 2026 | $-0.10 | $-0.02 | -400.0% |
| Dec 2025 | $-0.29 | $-0.27 | -7.4% |
| Sep 2025 | $-0.46 | $-0.85 | +45.9% |
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Options — full detail期权持仓 — 完整明细
Dealer positioning map做市商持仓地图
Call wall看涨期权墙
$18
Put wall看跌期权墙
$15
Gamma flip伽玛翻转位
$16
Upside magnet上方磁吸位
$20
Downside magnet下方磁吸位
$15
Net dealer gamma做市商净伽玛
+$0.0B
Distance to flip距翻转位
+0.2%
Walls and magnets are strikes with heavy open interest — price often slows or gravitates there.期权墙与磁吸位是未平仓集中的行权价 — 价格常在附近减速或被吸引。
Volatility pricing波动率定价
Implied volatility (30d)隐含波动率（30天）
1%
25-delta risk reversal25-delta风险逆转
+0.4%
Call-put IV spread看涨-看跌IV价差
+0.0pp
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Tracked funds holding it跟踪基金持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | Position市值 |
|---|---|---|---|---|
| Tiger Global (Coleman) | B | New position新建仓 | 0.1% | $21M |
| Third Point (Loeb) | B | New position新建仓 | 0.0% | $1M |
| Oaktree Capital Management | B | Trimming减持 | 4.5% | $256M |
| Soros Fund Management | B | Trimming减持 | 0.0% | $899,412 |
Fund positioning基金持仓概览
Tracked funds in the name持有该股的跟踪基金
4
Buying vs selling买入vs卖出
2 : 2
Quarterly trend季度趋势
{'direction': 'accumulating', 'n_quarters': 4, 'holders_first': 2, 'holders_last': 4, 'holders_delta': 2, 'value_change_pct': 65.4, 'from_period': '2025-09-30', 'to_period': '2026-06-30', 'available_on': '2026-08-15', 'available_on_first': '2025-11-15', 'holders_series': [2, 2, 2, 4]}{'direction': 'accumulating', 'n_quarters': 4, 'holders_first': 2, 'holders_last': 4, 'holders_delta': 2, 'value_change_pct': 65.4, 'from_period': '2025-09-30', 'to_period': '2026-06-30', 'available_on': '2026-08-15', 'available_on_first': '2025-11-15', 'holders_series': [2, 2, 2, 4]}
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$2.9M
Insider buyers vs sellers内部人买家vs卖家
1 : 1
Recent fund flows近期基金流向
VanEck Digital TransformationVanEck Digital Transformation
accumulating持续增持
CoinShares Bitcoin Mining (WGMI)CoinShares Bitcoin Mining (WGMI)
accumulating持续增持
Global X BlockchainGlobal X Blockchain
trimming减持
SPDR S&P Software & ServicesSPDR S&P Software & Services
accumulating持续增持
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。