Core Scientific, Inc. is a leading provider of blockchain infrastructure and technology, specializing in the development and hosting of advanced data centers for cryptocurrency mining operations
The company focuses on delivering efficient and scalable solutions that empower clients to effectively participate in the blockchain ecosystem. By leveraging innovative technologies and robust operational capabilities, Core Scientific ensures high-performance mining activities while prioritizing sustainability and energy efficiency. Their comprehensive services also include hardware procurement, system integration, and technical support, catering to both individual miners and institutional clients in the rapidly evolving digital currency landscape.
With CoreWeave being one of the key high-performance computing (HPC) customers of Core Scientific, HC Wainwright analysts think the $12 billion OpenAI deal bodes well for the Texas-headquartered company.
Core Scientific’s stock is down sharply after its latest operational update, with Cantor Fitzgerald lowering its price target on the shares even as retail investors on Stocktwits remain bullish.
Let's have a look at what is happening on the US markets after the closing bell on Wednesday. Below you can find the top gainers and losers in today's after hours session.
Analysts expect the stock to more than double in value despite a bearish sentiment among retail investors, with Compass Point saying that the recent selloff presents a “significant buying opportunity.”
Kash Patel, the newly confirmed Federal Bureau of Investigation director, has significant exposure to Bitcoin (CRYPTO: BTC), according to a financial disclosure.
Retail sentiment has weakened across all three stocks over the past month, dragged by uncertainty surrounding U.S. crypto policy under President Donald Trump and Federal Reserve rate changes.
