Core Scientific, Inc. (NASDAQ: CORZ) announced a multi‑year global partnership with the Cadillac Formula 1® Team, naming the company its official data‑center partner. The announcement was made on March 10, 2026, and the partnership will support the team’s 2026 season and beyond.
Under the agreement, Core Scientific will provide strategic consulting, architectural guidance and optimization expertise to design and build a high‑density data‑center for the team’s new U.S. headquarters in Fishers, Indiana. The 400,000‑square‑foot, $200 million facility will support simulation, engineering, manufacturing and race operations, all of which require the massive data throughput that Formula 1 teams generate each season.
The partnership is a key milestone in Core Scientific’s strategic pivot from Bitcoin mining to high‑density colocation services for AI and high‑performance computing workloads. In Q4 2025, the company reported total revenue of $79.8 million, down 16% YoY, largely due to a decline in digital‑asset self‑mining revenue. However, colocation revenue surged to $31.3 million, up 267% from $8.5 million in Q4 2024, reflecting strong demand for AI‑centric infrastructure. The company also announced a financial restatement for 2024‑2025 and disclosed a material weakness in internal controls related to the conversion of mining facilities to colocation sites.
The Cadillac Formula 1® Team made its debut on March 8, 2026, and the team’s data needs are among the most demanding in the world. Formula 1 teams generate over one million data points per second per car, requiring robust, high‑density data‑center infrastructure to support real‑time decision‑making, simulation and engineering. The new Indianapolis headquarters will serve as the team’s primary U.S. data hub, making Core Scientific’s expertise in high‑density design critical to the team’s competitive edge.
Adam Sullivan, CEO of Core Scientific, said, “We are proud to support the Cadillac Formula 1® Team’s data and technology strategy through our expertise in designing, building and operating high‑density data centers engineered for the world’s most demanding workloads.”
The partnership follows Core Scientific’s recent financial challenges, including a $216 million net income in Q4 2025 after a $291 million loss in Q4 2024, and a $7.2% decline in the company’s stock price on March 3, 2026. The new partnership is expected to strengthen investor confidence by demonstrating the company’s ability to secure high‑profile, high‑margin contracts in the growing AI and HPC market.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.