Core Scientific, Inc. (NASDAQ:CORZ) Sees Stake Boosted by Arizona State Retirement System

ARIZONA STATE RETIREMENT SYSTEM ACQUIRES 17,797 SHARES OF CORE SCIENTIFIC INC (NASDAQ:CORZ)

March 15, 2025 - In a recent filing with the Securities and Exchange Commission (SEC), the Arizona State Retirement System (ASRS) disclosed that it had acquired 17,797 shares of Core Scientific Inc (NASDAQ:CORZ), a leading provider of data center infrastructure and services.

The acquisition brings the ASRS's total stake in Core Scientific to 17,797 shares, which represents a significant increase from its previous holdings. The ASRS's investment in Core Scientific is part of its efforts to diversify its portfolio and capitalize on the growing demand for data center infrastructure.

Core Scientific is a leading provider of data center infrastructure and services, offering a range of solutions to support the increasing demand for cloud computing, artificial intelligence, and other data-intensive technologies. The company's services include data center design and build, cloud infrastructure, and managed services.

The ASRS's acquisition of Core Scientific shares is a testament to the growing importance of data center infrastructure in the modern economy. As more companies turn to the cloud and other data-intensive technologies to drive innovation and growth, the demand for reliable and secure data center infrastructure is expected to continue to grow.

The ASRS's investment in Core Scientific is also a reflection of the state's commitment to supporting the growth of the technology industry in Arizona. The state is home to a thriving tech industry, with many major companies and startups operating in the state. The ASRS's investment in Core Scientific is expected to support the growth of the industry and create new opportunities for Arizona-based businesses.

In a statement, the ASRS said that it was pleased to have acquired a significant stake in Core Scientific and looked forward to working with the company to support the growth of the technology industry in Arizona.

"We are excited to have acquired a significant stake in Core Scientific and look forward to working with the company to support the growth of the technology industry in Arizona," said a spokesperson for the ASRS. "Our investment in Core Scientific is a testament to our commitment to supporting the growth of the tech industry in the state and creating new opportunities for Arizona-based businesses."