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Bitcoin Miner Core Scientific Upgraded to Buy on AI Data Center Boom: H.C. Wainwright

Investment bank H.C. Wainwright upgraded bitcoin (BTC) miner Core Scientific (CORZ) to buy with a new 25pricetarget,citingacceleratingdemandforAIreadydatacenterinfrastructure.Theshareswere1.225 price target, citing accelerating demand for AI-ready data center infrastructure. The shares were 1.2% higher in early trading, around 20.10. Core Scientific’s experience in developing large-scale facilities for both crypto and artificial intelligence gives it a critical edge in the high-performance computing (HPC) market, the bank said in the Tuesday report. On a $424 million estimate for fiscal 2 ...