Core Scientific shares up after Jefferies initiates coverage with 'buy' [Yahoo! Finance]
Core Scientific, Inc. (CORZ)
Company Research
Source: Yahoo! Finance
The brokerage underscored Core Scientific's evolving strategy from its origins as a Bitcoin miner toward building high-performance computing data centers focused on artificial intelligence demands?. Jefferies analysts flagged the company's recent pivot as a post-bankruptcy comeback story, praising Core Scientific's capacity to leverage access to major power infrastructure—previously used for Bitcoin mining—for new AI-focused data centers. The analysts said that Core Scientific is uniquely positioned to seize opportunities in the booming AI market, thanks to its experienced data center development team, which includes veterans from firms like Equinix (NASDAQ:EQIX) and HP (NYSE:HPQ)?. The analysts at Jefferies emphasized the favorable economics of Core Scientific's lease with CoreWeave, a GPU-focused cloud service provider. As part of the agreement, CoreWeave funds construction, reducing the need for immediate capital from Core Scientific, which will repay through a capex credi
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CORZ
News
- Core Scientific Announces Approval of Lease Amendments with the City of Denton to Enable High-Performance Computing ExpansionBusiness Wire
- Promoters tout data center's economic potential [Yahoo! Finance]Yahoo! Finance
- Core Scientific and Port Muskogee Break Ground on 100 MW HPC Data CenterBusiness Wire
- Core Scientific, Inc. (NASDAQ: CORZ) was upgraded by analysts at Roth Capital to a "strong-buy" rating.MarketBeat
- Core Scientific, Inc. (NASDAQ: CORZ) had its price target raised by analysts at BTIG Research from $15.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
CORZ
Earnings
- 11/6/24 - Miss
CORZ
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 144
- 11/12/24 - Form 4
- CORZ's page on the SEC website