Situational Awareness Group Slashes Core Scientific Stake Below 5%, Sells 11.9M Shares
CORZ sits 81% above its 52-week low of $12.72.
Summary
Situational Awareness LP and affiliates sold 11.9 million shares of Core Scientific, cutting their stake from 8.1% to 4.4% and crossing below the 5% reporting threshold.
Key Events · Ownership and Investor Activity · CORZ
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Stake Reduced Below 5%
Between July 14 and August 3, 2026, the Situational Awareness group unloaded 11,919,078 shares, shrinking its beneficial ownership from 25,608,473 shares (8.1%) to 14,089,395 shares (4.4%).
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Block Trades at Discount
Two block trades of 5,759,539 shares each were executed on August 3 at $19.6896 and $19.4807 per share — roughly a 15% discount to the current $23.00 stock price.
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Reporting Threshold Crossed
On August 3, 2026, the group's beneficial ownership fell below the 5% threshold, eliminating the requirement to file future Schedule 13D amendments.
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Contrast with Recent Positive News
The sales come just days after Core Scientific reported strong Q2 2026 results and announced a major AI/HPC partnership with AMD, which had driven significant positive sentiment.
Analysis · CORZ · Crypto Assets
A group of investment funds led by Leopold Aschenbrenner sold nearly half their Core Scientific position in a matter of weeks, dropping from 8.1% to 4.4% ownership. The sales, totaling 11.9 million shares, included two large block trades on August 3 at prices around $19.50–$19.69 — a discount to the current $23.00 stock price. While the group remains a significant holder, the rapid exit below the 5% reporting threshold removes a key disclosure obligation and signals reduced conviction, especially as the company recently announced major AI/HPC partnerships and strong quarterly results.
At the time of this filing, CORZ was trading at $23.00 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $7.3B. The 52-week trading range was $12.72 to $30.46. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.