Since I was last bullish on Core Scientific (NASDAQ: CORZ ) in August last year, it has appreciated over 60%. While highlighting how its heavy reliance on Bitcoin ( BTC-USD ) mining implied volatility risks, I also emphasized theAs a tech-focused industry Research Analyst, I aim to provide differentiated insights, whether it is for investing, trading, or informational reasons. For this purpose, I am not a classical equity researcher from the financial sector, but, I come from the IT world as the Director of ...

Core Scientific, Inc. (NASDAQ:CORZ) Q3 2024 Earnings Conference Call November 6, 2024 4:30 PM ET Company Participants Steve Gitlin - Senior Vice President, Investor Relations Adam Sullivan - Chief Executive Officer Denise Sterling - Chief Financial Officer Conference Call Participants John Todaro - Needham & Company Jon Petersen - Jefferies Joseph Vafi - Canaccord Genuity Joe Flynn - Compass Point Research Brett Knoblauch - Cantor Fitzgerald Lucas Pipes - B. Riley Securities Tyler DiMatteo - BTIG Paul Goldi ...

Summary of Digital Asset Activity Activity related to our digital asset balances for the nine months ended September 30, 2024 and 2023, were as follows (in thousands): | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------|-------|------------------------------|-------|--------------------------| | Digital assets, beginning of period | $ | September 30, 2024 \n2,284 | $ | September 30, 2023 \n724 | | 1 Cumulative effect of ASU 2023-08, adopted January ...

Third Quarter Fiscal 2024 Earnings Presentation Adam Sullivan, CEO Denise Sterling, CFO November 6, 2024 2 FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company's abil ...

Exhibit 99.1 corescientific.com press release Fiscal Third Quarter 2024 Highlights -more- • Incurred net loss of $455.3 million due primarily to a net $408.5 million non-cash mark-to-market adjustment to our warrants and other contingent value right liabilities required as a result of significant quarter-over-quarter increase in the value of our equity • Generated operating loss of $41.2 million, an increase of $29.2 million over third quarter 2023 • Realized adjusted EBITDA of $10.1 million • Customer init ...

The Bitcoin (BTC) mining sector is experiencing renewed investor interest, driven by Bitcoin’s recent rally past $70,000 and a shift toward AI-focused business models among key mining players.After a sluggish mid-2024 performance due to pressures from Bitcoin’s halving event, companies like Core Scientific (NASDAQ: CORZ) and Iris Energy (NASDAQ: IREN) are repositioning themselves to tap into the high-growth AI market. These two stocks stand out as they leverage their extensive infrastructure to venture into ...

Although U.S. stocks closed mixed on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, ...

Core Scientific, Inc. (CORZ) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the syste ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the s ...

0000000000 objectifphoto/iStock via Getty Images Bitcoin (BTC-USD) has been highly volatile after the halving event on April 19 as per the chart below, flirting with the $73 level then dipping to $50K, and stabilizing around $60K, for now. In its wake, Core Scientific (NASDAQ:CORZ) also suffered, but still delivered a net upside of above 200% and was trading around $9,75 at the time of writing VAL Core Scientific Inc (CORZ) Price Bitcoin Price (LBTCUSD) 9.75 60912.59 12.00 70000.00 10.50 67500.00 9.75 65000 ...