BTC Miner Core Scientific Uniquely Positioned to Capture AI Demand, Initiate at Buy: Jefferies [Yahoo! Finance]
Core Scientific, Inc. (CORZ)
Company Research
Source: Yahoo! Finance
The company is uniquely positioned to capture the recent trend of surging demand from AI companies, the report said. The company's mining operations are profitable and becoming more efficient, the report said. Core Scientific (CORZ) is uniquely well positioned to capture surging artificial intelligence (AI) demand given the company's large available power supply and strong data center development team, Jefferies said in a Monday research report initiating coverage of the bitcoin miner. The bank assumed coverage of the stock with a buy rating and a $19 price target. The shares were 1.7% higher at $13.60 in early trading. "We expect that many big tech companies will be closely watching the CoreWeave developments and successful execution will convince decision makers to sign future development leases with CORZ," analysts Jonathan Petersen and Jan Aygul wrote. Core signed a 12-year AI contract with hyperscaler CoreWeave in June, in a landmark deal for the industry. The bitcoi
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CORZ
News
- Riot Platforms Bucks Trend of Weak Bitcoin Production in January [Yahoo! Finance]Yahoo! Finance
- Core Scientific (CORZ) Among Hot Tech Stocks to Buy Right Now [Yahoo! Finance]Yahoo! Finance
- Is Core Scientific, Inc. (CORZ) the Best Blockchain Stock to Buy According to Analysts? [Yahoo! Finance]Yahoo! Finance
- Core Scientific Announces January 2025 Production and Operations UpdatesBusiness Wire
- Grayscale unveils new bitcoin mining ETF [Yahoo! Finance]Yahoo! Finance
CORZ
Earnings
- 11/6/24 - Miss
CORZ
Sec Filings
- 2/13/25 - Form SCHEDULE
- 2/5/25 - Form 424B3
- 2/5/25 - Form 8-K
- CORZ's page on the SEC website