Paloma Partners Reduces Core Scientific Holdings by 2.5 Million Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 20 2026
0mins
Should l Buy CORZ?
Source: Fool
- Share Reduction Details: According to an SEC filing dated February 17, 2026, Paloma Partners Management Co reduced its holdings in Core Scientific by 2,547,000 shares, with an estimated transaction value of $44.41 million, reflecting a $46.32 million decline in the fund's position value over the quarter, indicating the impact of market volatility on its investment portfolio.
- Current Holdings Analysis: Following the sale, Core Scientific now accounts for only 0.49% of Paloma Partners' reportable U.S. equity assets, with its remaining 185,000 shares valued at $2.69 million at year-end, suggesting a significant reduction in the company's importance within the portfolio.
- Market Performance Overview: As of February 17, 2026, Core Scientific shares were priced at $17.23, reflecting a 39.1% increase over the past year, outperforming the S&P 500 by 25.81 percentage points, demonstrating the company's relative strength in the digital asset market.
- Business Model and Risks: Core Scientific generates revenue through self-mining and equipment hosting, and while its stock price reflects improving crypto sentiment, its profitability remains tied to production efficiency and power costs, necessitating investor attention on key metrics like Bitcoin production efficiency and power cost management.
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Analyst Views on CORZ
Wall Street analysts forecast CORZ stock price to rise
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 15.300
Low
19.94
Averages
27.46
High
40.00
Current: 15.300
Low
19.94
Averages
27.46
High
40.00
About CORZ
Core Scientific, Inc. provides digital infrastructure for high-density colocation services and digital asset mining. The Company operates dedicated, purpose-built facilities for digital asset mining and is a provider of digital infrastructure, software solutions and services to its third-party customers. Its Digital Asset Self-Mining segment consists of digital asset mining for its own account. Its Digital Asset Hosted Mining segment consists of its digital infrastructure and third-party hosting services for digital asset mining. Its Colocation segment consists of providing high-density colocation services to third parties for graphics processing units (GPU)-based high-performance computing (HPC) operations. It employs its own large fleet of computers (miners) to earn digital assets for its own account and to provide hosting services for large digital asset-mining customers, and it is in the process of allocating and converting a significant portion of its 10 facilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Decline in Bitcoin Mining Revenue: Digital asset self-mining revenue fell to $42.2 million from $79.9 million, primarily due to a 57% decrease in bitcoin mined, although a 20% increase in average bitcoin price partially offset the sales decline, indicating the impact of market volatility on revenue.
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- Raising Funds: It highlights the importance of raising funds to support these scientific endeavors and the potential impact on future research.
- Buying from Hold: The piece suggests a strategic shift in investment, recommending a move from a "hold" position to actively buying into promising scientific ventures.
- Future Implications: The discussion emphasizes the long-term benefits of investing in scientific research and its implications for innovation and technology.
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Retail Sentiment: Retail sentiment around Circle and Core Scientific stocks showed bullish trends, with increased chatter and improved sentiment levels, despite some caution regarding future price movements.
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