Core Scientific, a major player in the digital asset mining and blockchain infrastructure sector, has been making headlines following a recent transaction by Paloma Partners Management Co. According to an SEC filing from February 17, 2026, Paloma Partners has decreased its holdings in Core Scientific by 2,547,000 shares. This divestment is valued at approximately $44.41 million, based on the average closing price from the fourth quarter of 2025. Notably, the fund’s total position value dropped by $46.32 million during the same quarter, attributed to both trading activity and fluctuations in share price.
Post-transaction, Paloma now holds 185,000 shares of Core Scientific, amounting to a value of $2.69 million at the year’s close. With this reduction, Core Scientific constitutes a mere 0.49% of Paloma’s reportable U.S. equity assets. A closer look at Paloma’s top holdings reveals a diversified portfolio with leading stocks in the tech sector, including NVIDIA, Broadcom, Intel, Affirm, and Take-Two Interactive, reflecting a range of strategic investments.
As of the same date, Core Scientific’s stock was priced at $17.23, marking a 39.1% increase over the preceding year. This performance has enabled it to surpass the S&P 500 by 25.81 percentage points during that timeframe. The company enjoys a market capitalization of $5.30 billion, alongside a trailing twelve months revenue of $334.18 million, although it recorded a net income loss of $654.24 million.
Core Scientific stands out as a leading provider of digital asset mining and blockchain infrastructure services throughout North America. The company’s operational model combines self-mined digital assets with colocation hosting services, creating a degree of flexibility and scalability in its operations. Its dual-segment business encompasses both direct mining of Bitcoin and offering substantial datacenter colocation services, catering to institutional miners and blockchain enterprises.
Investors eyeing Core Scientific are keenly aware of the interplay between Bitcoin market dynamics and the high fixed costs associated with large-scale mining operations. Over the past year, the stock’s performance has been bolstered by improving sentiments surrounding cryptocurrencies. However, the company’s long-term profitability is intricately linked to production efficiency and energy costs, crucial components that determine its operational sustainability.
Revenue generation at Core Scientific derives from two primary sources: mining Bitcoin for its account and hosting equipment owned by institutional customers. The profitability of the mining segment is heavily influenced by Bitcoin prices, mining difficulty, and the efficiency of its mining fleet. Conversely, revenue from hosting services depends on datacenter capacity, energy costs, and the stability of client relationships.
For investors, monitoring Core Scientific’s efficiency in Bitcoin production, effective power cost management, and the reliability of its hosting business will be essential. Key performance indicators such as Bitcoin output per megawatt, cost per coin, energy contract performance, and overall financial flexibility will substantially influence whether the stock’s recent uptick reflects a shift toward stronger fundamentals or is merely indicative of a favorable moment within the inherently volatile cryptocurrency market.
