• 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

2 years 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

Surge in Online Investment Fraud in Hong Kong

chest

Surge in online investment fraud cases in Hong Kong, with over 80 reported in a week and losses exceeding HK80 million.

user avatarAisha Farooq

Hong Kong Woman Loses Nearly HK77 Million in Crypto Investment Scam

chest

A woman in Hong Kong lost nearly HK77 million in a crypto investment scam after being promised guaranteed returns by a fraudulent platform.

user avatarLi Weicheng

XRP Derivatives Market Signals Persistent Bearish Sentiment

chest

The XRP derivatives market has shown a consistent negative funding rate since the start of 2026, indicating a strong bias towards short positions among traders.

user avatarTenzin Dorje

Asteroid Shiba Inspired by Young Girl's Dream

chest

The Asteroid Shiba memecoin was inspired by Liv Perrotto, a 15-year-old girl who wished for her plush toy to be SpaceX's mascot.

user avatarBayarjavkhlan Ganbaatar

Dogecoin Price Faces Key Resistance as Analysts Await Confirmation

chest

Dogecoin's price remains compressed below 0.01, with analysts predicting a significant move contingent on crucial confirmations.

user avatarMohamed Farouk

Macroeconomic Events May Propel XRP Price Higher

chest

Macroeconomic events, such as rising oil prices and tensions in the Middle East, may lead to increased interest in XRP, potentially driving its price surge to $50-$150.

user avatarMaria Fernandez

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.