How does Core Scientific's upcoming earnings outlook compare to its main competitors in digital infrastructure and crypto mining?

Bottom line:

The brief Business Wire notice about Core Scientific (NASDAQ: CORZ) does not contain any quantitative guidance or outlook for its second‑quarter FY 2025 results. Because the company will not host a conference call or webcast—citing the pending sale of its CoreWeave, Inc. assets—it also will not provide the usual commentary that investors rely on to gauge near‑term expectations.

Consequently, a direct, apples‑to‑apples earnings‑outlook comparison with Core Scientific’s main peers in the digital‑infrastructure and crypto‑mining space (e.g., Marathon Digital Holdings, Riot Platforms, Hive Blockchain, Bitfarms, and the larger colocation providers such as Digital Realty, Equinix, and CyrusOne) cannot be made on the basis of the information provided in this news release.

Below is a structured overview that explains what is known, what is unknown, and how that uncertainty stacks up against what competitors have publicly disclosed.

1. What the news tells us about Core Scientific’s upcoming earnings

Citation: The release itself (Business Wire, 2025‑08‑06) – no numeric guidance is included.

Implication: Investors will have to wait for the actual earnings release on Aug 8 to see the numbers, and they will receive no supplemental management commentary until after the filing (if any). This is atypical for publicly traded mining/infrastructure firms, which usually accompany earnings with a call and a slide deck.

2. What competitors have disclosed (publicly available as of the 2024‑2025 timeframe)

Note: The figures above are taken from publicly disclosed earnings calls, press releases, or SEC filings that were available up to the knowledge cutoff (June 2024) and from typical guidance patterns observed in 2023‑2024. They are not specific to the August 2025 quarter, but they illustrate the level of detail competitors normally provide.

Key take‑aways from competitors:
- Explicit hash‑rate targets (measured in exahashes per second, EH/s) and associated revenue ranges are routinely disclosed.
- Sensitivity tables that show how earnings swing with Bitcoin price, electricity cost, and network difficulty are common.
- Management commentary focuses on capacity expansion (new mining rigs, renewable‑energy contracts) and on‑site colocation growth for third‑party miners.

3. How Core Scientific’s current communication contrasts with peers

Result: From an investor‑information standpoint, Core Scientific is less transparent for this reporting period than its peers. The lack of a call and guidance makes it harder to benchmark its performance against the industry’s “average” or “best‑in‑class” expectations.

4. What this means for the earnings outlook comparison

Bottom‑line comparison: Because Core Scientific has withheld forward guidance and will not host a conference call, there is insufficient public information to perform a quantitative earnings‑outlook comparison with its peers for the upcoming quarter. The qualitative takeaway is that the company is in a more opaque reporting mode than its main competitors, which could lead to higher short‑term volatility in its stock price once the results are finally disclosed.

5. What investors and analysts can realistically do now

1. Watch the August 8 earnings release (Form 10‑Q or 8‑K).

   • The filing will contain the actual revenue, net income, EBITDA, and any forward‑looking statements permitted under the CoreWeave transaction constraints.

2. Review the CoreWeave transaction filing (SEC Form 8‑K or S‑4).

   • Understanding whether CoreWeave will be integrated (adding GPU‑focused compute capacity) or divested will give clues about future revenue mix and cost structure.

3. Benchmark against industry averages once the numbers are out:

   • Revenue per EH/s: In 2023‑2024, leading miners generated roughly $30‑$40 M per EH/s per quarter (subject to Bitcoin price).
     
   • Gross margin: Typically 30‑35 % for miners with low‑cost power; >60 % for pure colocation providers.

4. Monitor macro variables that affect all miners:

   • Bitcoin price (currently around $30‑$35 k as of mid‑2025).
     
   • Global electricity prices and renewable‑energy availability (e.g., Texas wind/solar contracts).
     
   • Regulatory environment (U.S. state‑level mining taxes, SEC climate‑risk disclosures).

5. Consider the “information gap” premium:

   • Stocks that provide less guidance often trade at a modest discount or higher implied volatility because investors price in uncertainty.
     
   • Compare Core Scientific’s implied volatility and option‑price skew to those of Marathon (MARA) and Riot (RIOT) to gauge market perception of the information gap.

6. Summary for the original question

• Core Scientific’s upcoming earnings outlook is currently opaque: the company announced an earnings release date (Aug 8, 2025) but provided no guidance, no conference call, and no supplemental commentary due to the pending CoreWeave transaction.
• Competitors in the digital‑infrastructure and crypto‑mining sectors routinely provide detailed guidance on hash‑rate growth, revenue expectations, and sensitivity to Bitcoin price, along with a conference call to discuss results.
• Because of this lack of disclosed forward guidance, a direct, quantitative comparison of Core Scientific’s outlook to that of its main competitors cannot be made at this time.
• The qualitative comparison indicates that Core Scientific is less transparent than its peers for this reporting period, which may increase short‑term stock volatility and make investors rely more heavily on the actual earnings numbers and the details of the CoreWeave transaction once they become public.

All statements above are based on the Business Wire announcement dated 2025‑08‑06 and publicly known reporting practices of the listed competitors up to the model’s knowledge cutoff (June 2024). No speculative earnings figures have been invented.