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Core Scientific, Inc. (CORZZ)

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14.74

+0.72

+(5.14%)

At close: January 15 at 4:00:00 PM EST

14.37

-0.37

(-2.51%)

After hours: 7:37:18 PM EST

Core Scientific finds a balance in bitcoin mining and AI: CEO

Some bitcoin (BTC-USD) miners are shifting into artificial intelligence (AI) and selling their existing power to AI data centers as Big Tech companies look for power sources capable of meeting the energy-intensive needs of AI infrastructure. Core Scientific (CORZ) CEO and president Adam Sullivan joins Madison Mills on Catalysts to talk about how the company is balancing its resources to facilitate crypto mining and AI data centers. "We were the largest bitcoin mining company for the past three years, and that's really driven by the fact that we had to bring in traditional data center people to actually run the business. That's really been our differentiator," Sullivan tells Yahoo Finance. The CEO says, "We think of ourselves as a digital infrastructure company, whether it's building data centers for bitcoin mining or whether it's building data centers to host hundreds of megawatts of [Nvidia's (NVDA)] GB200 that you guys were talking about earlier, you know, our core competency is driven through large-scale digital infrastructure." Looking to 2025, the company expects "a relatively equal split" between crypto mining and AI. Sullivan adds, "Our expectation is to continue to grow the data center part of the business, which is just a radical shift from the high volatility bitcoin mining space moving into the data center space" as the "long-term contracts" provide "a lot of long-term and free cash-flow stability that investors really enjoy." Watch the video above to learn more about how Core Scientific is balancing the needs of bitcoin mining and AI customers. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.

Yahoo Finance Video 28 days ago

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BTC-USD

CORZ
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Activist Starboard Value Takes Stake in Bitcoin-Mining Company Riot

Starboard wants Riot to convert some of its bitcoin-mining facilities into space for big data-center users.

The Wall Street Journal last month

MSTR

ADSK

NVDA
High Growth Tech Stocks To Watch In December 2024

The United States market has seen a positive trend, with a 1.0% increase over the last week and an impressive 32% rise over the past year, while earnings are forecast to grow by 16% annually. In this favorable environment, identifying high growth tech stocks involves looking for companies that demonstrate strong innovation and potential to capitalize on expanding market opportunities.

Simply Wall St. last month

APPF

QTWO

CORZ
+4.46%
Crypto miners double down on AI hosting for more reliable cash flow

The all-out search for electricity to sustain the insatiable appetite for artificial intelligence is providing a lift to another industry with considerable energy usage: crypto mining.

Yahoo Finance last month

HIVE

BTC-USD

HUT
Trump Crypto Craze Sent Bitcoin Miners Surging, but Watch Out

Investors have long used shares in bitcoin miners to gain exposure to the digital currency, but there are better options available now.

The Wall Street Journal last month

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Bitcoin Bolts To Record High On GOP Sweep; Analysts Eye $100k

Cryptocurrency prices continued rallying Friday, with bitcoin hitting a new record high above $77,00 as the U.S. election registered a broad victory for Republicans. Ahead of the voting, analysts had generally expected the price of bitcoin to rally regardless of the election's outcome. Bitcoin spiked Friday afternoon to a new record of $77,252 according to CoinMarketCap, continuing to notch new highs throughout the week.

Investor's Business Daily 2 months ago

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BTBT

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Exploring High Growth Tech Stocks In November 2024

Over the last 7 days, the United States market has risen by 5.1%, contributing to an impressive 38% increase over the past year, with earnings forecasted to grow by 15% annually. In this context of robust market performance, identifying high growth tech stocks involves looking for companies that demonstrate strong innovation and scalability potential while aligning with current economic trends.

Simply Wall St. 2 months ago

GWRE

APPF

CORZ
+4.46%
Core Scientific Third Quarter 2024 Earnings: Misses Expectations

Core Scientific ( NASDAQ:CORZ ) Third Quarter 2024 Results Key Financial Results Revenue: US$95.4m (down 16% from 3Q...

Simply Wall St. 2 months ago

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Core Scientific Inc (CORZ) Q3 2024 Earnings Call Highlights: Navigating Challenges with ...

Despite a significant net loss, Core Scientific Inc (CORZ) focuses on strategic expansions and securing high-value contracts to bolster future revenue streams.

GuruFocus.com 2 months ago

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Core Scientific price target raised to $14 from $13 at B. Riley

B. Riley analyst Lucas Pipes raised the firm’s price target on Core Scientific to $14 from $13 and keeps a Buy rating on the shares. Core Scientific produced 345 BTC in September, down 3.6% month over month, with the decline due to a combination of miners migrating to their new data center and continued growth in global network hash rate and difficulty, the analyst tells investors in a research note. On the high performance computing capacity side, the firm believes CoreWeave remains the most li

TipRanks 3 months ago

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High Growth Tech Stocks To Watch In October 2024

Over the last 7 days, the United States market has remained flat but is up 30% over the past year with earnings forecast to grow by 15% annually. In this environment, identifying high growth tech stocks involves looking at companies that not only show strong potential for revenue expansion but also align well with current market conditions.

Simply Wall St. 3 months ago

MDGL

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How to play Nvidia, Core Scientific with options

Nvidia (NVDA) has been a market superstar, up about 190% over the last year. A lot of investors bought in early and got some great profits, but now they are starting to look at how to spread that wealth. Kineo Capital Managing Partner Jim Strugger tells Yahoo Finance he is hearing from investors who want to stay long Nvidia, but also want to reduce their exposure and play other aspects of the AI space. Strugger says that there are plenty of industrial stocks that investors can buy to play the AI trend. He also names Core Scientific (CORZ) as a potential play because it is expanding beyond bitcoin mining to be more about "high-performance compute." How do you play those two stocks in the options market? Watch the video above to find out. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.

Yahoo Finance Video 3 months ago

NVDA

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Core Scientific Inc (NASDAQ:CORZ): A Bull Case Theory

We came across a bullish thesis on Core Scientific Inc (CORZ) on ValueInvestorsClub by onodacapital. In this article we will summarize the bulls’ thesis on CORZ. Core Scientific shares were trading at $8.21 when this thesis was published, vs. closing price of $11.48 on Sep 17. Core Scientific Inc. (CORZ) stands out in the Bitcoin […]

Insider Monkey 3 months ago

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High Growth Tech Stocks To Watch: A Trio Of Promising Picks

As global markets grapple with economic slowdown fears and a notable decline in the S&P 500, investors are increasingly cautious about their portfolios. Amid this backdrop, identifying high-growth tech stocks that can weather market volatility becomes crucial for potential long-term gains.

Simply Wall St. 4 months ago

DOCN

CORZ
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Insider Stock Buying Reaches US$1.83m On Core Scientific

Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying...

Simply Wall St. 4 months ago

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Director Jordan Levy Acquires 48,700 Shares of Core Scientific Inc (CORZ)

Core Scientific Inc is a company that operates within the technology sector, focusing on blockchain and artificial intelligence services. The transaction occurred when shares of Core Scientific Inc were priced at $10.2 each, valuing the company with a market cap of approximately $2.55 billion. Over the past year, Core Scientific Inc has seen a total of 4 insider buys and 5 insider sells.

GuruFocus.com 4 months ago

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2024 Gateway Conference to Feature AI, Blockchain, and Digital Infrastructure Track on September 5th

NEWPORT BEACH, Calif., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Gateway Group ("Gateway"), a leading financial communications and digital media advisory firm, today announced the presenting company lineup for the Artificial Intelligence (AI), Blockchain, and Digital Infrastructure Track at the 2024 Gateway Conference. Scheduled for Thursday, September 5th, the presentation format will showcase seven innovative publicly traded companies at the forefront of the technology sector at the Four Seasons Hotel

GlobeNewswire 4 months ago

DEFTF

DMGGF

CORZ
+4.46%
Gateway Group Announces Preliminary Sponsors and Additional Presenting Companies for September Gateway Conference

Executives from a Range of Industries to Present to 300+ Institutional Investors and Analysts in San Francisco on September 4-5, 2024NEWPORT BEACH, Calif., July 16, 2024 (GLOBE NEWSWIRE) -- Gateway Group ("Gateway"), a leading financial communications and digital media advisory firm, today announced the initial sponsor list and latest presenting companies for its annual Gateway Conference taking place at the Four Seasons Hotel in San Francisco on September 4th and 5th.Conference SponsorshipThe G

GlobeNewswire 5 months ago

BBSI

CLB

UTI
Block’s New Bitcoin Mining Chip to Be Part of an Ongoing Project With Core Scientific to Decentralize Mining Hardware

DISTRIBUTED-WORK-MODEL/OAKLAND, Calif., July 10, 2024--Block, Inc. [NYSE: SQ], a global technology company with a focus on financial services, and Core Scientific [Nasdaq: CORZ], one of the largest owners and operators of high-powered digital infrastructure for bitcoin mining and hosting services in North America, today announced an agreement to supply Core Scientific with Block’s new 3 nanometer (3nm) mining ASICs, built by the Proto team, representing approximately 15 EH/s (exahashes per secon

Business Wire 6 months ago

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Core Scientific Announces Mandatory Conversion of Outstanding Secured Convertible Notes

AUSTIN, Texas, July 08, 2024--Core Scientific Announces Mandatory Conversion of Outstanding Secured Convertible Notes

Business Wire 6 months ago

CORZ
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CORZR
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Core Scientific, Inc. (CORZZ)

Core Scientific finds a balance in bitcoin mining and AI: CEO

Activist Starboard Value Takes Stake in Bitcoin-Mining Company Riot

High Growth Tech Stocks To Watch In December 2024

Crypto miners double down on AI hosting for more reliable cash flow

Trump Crypto Craze Sent Bitcoin Miners Surging, but Watch Out

Bitcoin Bolts To Record High On GOP Sweep; Analysts Eye $100k

Exploring High Growth Tech Stocks In November 2024

Core Scientific Third Quarter 2024 Earnings: Misses Expectations

Core Scientific Inc (CORZ) Q3 2024 Earnings Call Highlights: Navigating Challenges with ...

Core Scientific price target raised to $14 from $13 at B. Riley

High Growth Tech Stocks To Watch In October 2024

How to play Nvidia, Core Scientific with options

Core Scientific Inc (NASDAQ:CORZ): A Bull Case Theory

High Growth Tech Stocks To Watch: A Trio Of Promising Picks

Insider Stock Buying Reaches US$1.83m On Core Scientific

Director Jordan Levy Acquires 48,700 Shares of Core Scientific Inc (CORZ)

2024 Gateway Conference to Feature AI, Blockchain, and Digital Infrastructure Track on September 5th

Gateway Group Announces Preliminary Sponsors and Additional Presenting Companies for September Gateway Conference

Block’s New Bitcoin Mining Chip to Be Part of an Ongoing Project With Core Scientific to Decentralize Mining Hardware

Core Scientific Announces Mandatory Conversion of Outstanding Secured Convertible Notes