• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Canaccord Evaluates Core Scientific's Prospects

user avatar

by Giorgi Kostiuk

a year ago

  1. Buy Rating for Core Scientific
  2. Significance of the CoreWeave Contract
  3. Factors Influencing Core Scientific's Stock Growth


    4. Brokerage firm Canaccord has initiated coverage of Core Scientific, one of the largest Bitcoin mining companies, with a 'buy' rating.

    Buy Rating for Core Scientific

    Brokerage firm Canaccord has given Core Scientific a 'buy' rating due to the company's prospects of becoming a significant player in the field of artificial intelligence (AI) hosting.

    Significance of the CoreWeave Contract

    According to Canaccord, the 12-year contract that Core Scientific signed with hyperscaler CoreWeave in June is a pivotal moment for the industry. This contract is considered the first major deal between a mining company and a high-performance computing (HPC) provider for AI hosting.

    Factors Influencing Core Scientific's Stock Growth

    Canaccord analysts highlight three positive drivers for Core Scientific's stock: ramping revenue in AI hosting, improved cash flow, and potential new site acquisitions. The price target for the stock is $16, with $12 attributed to the CoreWeave contract, $3 to additional AI hosting power supply, and $1 to the Bitcoin mining business.

    Core Scientific receives high marks from Canaccord analysts due to its strategic approach and potential in AI hosting.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

IREN Stock Rises with Bitcoin Surge

chest

IREN stock price increased as Bitcoin rose for three consecutive days, reaching a high of $90,000.

user avatarMohamed Farouk

Wall Street Analysts Bullish on IREN Ahead of Earnings

chest

Wall Street analysts have upgraded their ratings for IREN stock ahead of its earnings report, anticipating strong revenue growth.

user avatarElias Mukuru

Pudgy Penguins Plans to Launch Play-to-Earn Game

chest

Pudgy Penguins is preparing to launch a new play-to-earn game called Pudgy Party, which aims to enhance long-term engagement with the PENGU token.

user avatarBayarjavkhlan Ganbaatar

Hedera's Roadmap Focuses on Enterprise Use and AI Integration

chest

Hedera is prioritizing reliability and enterprise applications with recent upgrades and partnerships, focusing on verifiable AI systems.

user avatarDiego Alvarez

Fed Chair Powell Expected to Maintain Steady Tone

chest

Fed Chair Powell is expected to maintain a steady tone during his press conference, reiterating that policy decisions will remain data-dependent.

user avatarMaria Fernandez

Economic Data Supports Fed's Decision to Hold Rates

chest

Recent economic data supports the case for no immediate policy change, with US CPI inflation remaining flat at 2.7% and PCE inflation edging higher to 2.8%. Labor market data shows resilience despite disruptions from the 2025 government shutdown.

user avatarGustavo Mendoza

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.