Core Scientific Valuation Multiples

Core Scientific Overview

About Core Scientific

Core Scientific Inc is engaged in designing, building and operating digital infrastructure for high-performance computing. The business operates in three operating segments; Digital Asset Self-Mining, consisting of performing digital asset mining for the own account, Digital Asset Hosted Mining, consisting of providing hosting services to third parties for digital asset mining, and HPC Hosting, consisting of providing hosting services to third parties for graphics processing unit (GPU) based HPC hosting operations. The majority of revenue is derived from the Digital Asset Self-Mining Segment.

Founded

2020

HQ

Employees

325

Website

corescientific.com

Sectors

AI Chips & HardwareData CentersCrypto MiningB2B SaaSHorizontal SaaSDeepTechFinTechGenerative AI

Financials (LTM)

Revenue: $390M

EBITDA: $25M

EV

$6B

Valuation Multiples

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Core Scientific Financials

Core Scientific reported last 12-month revenue of $390M and EBITDA of $25M.

In the same LTM period, Core Scientific generated $98M in gross profit, $25M in EBITDA, and had net loss of ($221M).

Core Scientific P&L

In the most recent fiscal year, Core Scientific reported revenue of $319M and EBITDA of ($30M).

Core Scientific expects next 12-month revenue of XXX and NTM EBITDA of XXX

Core Scientific Stock Performance

Core Scientific has current market cap of $5B, and enterprise value of $6B.

Core Scientific's stock price is $16.49.

Core Scientific Valuation Multiples

Core Scientific trades at 14.9x EV/Revenue multiple, and 229.6x EV/EBITDA.

Core Scientific Financial Valuation Multiples

As of March 18, 2026, Core Scientific has market cap of $5B and EV of $6B.

Equity research analysts estimate Core Scientific's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Core Scientific has a P/E ratio of (23.1x).

Core Scientific Margins & Growth Rates

Core Scientific's revenue in the last 12 month grew by 90%.

Core Scientific's revenue per employee in the last FY averaged $1.2M.

Core Scientific's rule of 40 is 96% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Core Scientific's rule of X is 231% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Core Scientific Public Comps

See public comps and valuation multiples for other AI Chips & Hardware and Data Centers comps.

Core Scientific M&A Activity

Core Scientific acquired XXX companies to date.

Last acquisition by Core Scientific was on XXXXXXXX, XXXXX. Core Scientific acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Core Scientific Investment Activity

Core Scientific invested in XXX companies to date.

Core Scientific made its latest investment on XXXXXXXX, XXXXX. Core Scientific invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).