Core Insights - Core Scientific, Inc. (NASDAQ:CORZ) is viewed as a promising technology stock by hedge funds despite mixed opinions from Wall Street [1][3] - The company reported a revenue of $78.63 million for Q2 2025, which represents a 44.28% year-over-year decline and missed estimates by $4.57 million [1][2] - The earnings per share (EPS) was negative $0.04, which exceeded consensus estimates by $0.04 [1] Revenue and Market Performance - The decline in revenue was attributed to a 62% decrease in bitcoin mined, although this was partially offset by a 50% increase in bitcoin's average price [2] - Analysts have varied opinions on the stock, with price targets being adjusted; Roth MKM reduced its target from $20 to $17 while maintaining a Hold rating [3] - Craig-Hallum also reiterated a Hold rating without a price target, while Bernstein maintained a Buy rating with a price target of $17 [3] Company Overview - Core Scientific, Inc. specializes in providing digital infrastructure for high-density colocation and digital asset mining [4] - While the company shows potential as an investment, there are suggestions that certain AI stocks may offer better upside potential with less downside risk [4]

Core Insights - The shift from crypto mining to AI data centers is driven by the need for more stable and higher revenue sources, as AI data centers can generate up to 25 times more revenue per kilowatt-hour compared to traditional crypto mining operations [2][3][4] - Companies in the crypto mining sector are experiencing a transformation in their business models, with many repurposing their infrastructure to meet the growing demand for AI services [4][5] Industry Trends - The economics of crypto mining are becoming less favorable due to rising costs, particularly for electricity and computational resources, prompting a transition to AI data centers [4] - AI data centers are expected to provide recurring revenues with high growth potential and profit margins, contrasting with the volatility of the crypto market [2][3] Company Transformations - Hive Digital Technologies has pivoted from a pure crypto focus to a dual strategy involving both crypto and AI infrastructure, aiming for a $100 million run rate using Nvidia AI chips [6][7] - Core Scientific is transitioning to a balanced model between crypto mining and AI, with significant expansion projects underway, including a $1.2 billion data center in Texas [11][14] - IREN Limited has seen a remarkable 128% year-over-year growth by combining bitcoin mining with a shift to AI-ready data centers, supported by ultra-low energy costs [17][18] Financial Performance - HIVE's bitcoin mining capacity increased by 58% month-over-month, with plans to reach 25 EH/s by late 2025, while also focusing on renewable energy operations [7][8] - IREN's AI cloud services are generating $26 million in annualized revenue, with expectations to reach $500 million in annualized sales following a significant investment in new GPUs [18][19] Market Positioning - Companies transitioning from crypto to AI are being valued higher in the market, reflecting investor interest in the AI narrative [5][20] - The acquisition of Core Scientific by CoreWeave, valued at approximately $9 billion, highlights the growing importance of AI infrastructure in the investment landscape [12][15][16]

Core Viewpoint - Two Seas Capital LP opposes the proposed sale of Core Scientific, Inc. to CoreWeave, Inc. due to inadequate valuation, deficient structure, and flawed process, urging shareholders to vote against the transaction [2][3][4] Company Positioning - Core Scientific is well-positioned to benefit from the growing demand for high-performance computing infrastructure, with significant scale, access to low-cost power, and data center talent [2][5] - The company has attracted buyout interest from CoreWeave, indicating its strategic value in the market [2][5] Market Reaction - Following the announcement of the proposed sale, Core Scientific's stock experienced an 18% decline, marking one of the worst one-day price drops for an M&A target in this century [3][6] - The market's negative reaction reflects concerns over the deal's structure and valuation [3][6] Valuation Concerns - Two Seas argues that CoreWeave's offer does not reflect Core Scientific's potential, especially given CoreWeave's stock had appreciated over 300% in recent months [6][7] - The proposed exchange ratio is viewed as lopsided, failing to provide fair value for Core Scientific shareholders [6][7] Executive Interests - Core Scientific's executives stand to benefit significantly from the deal, receiving immediate vesting and reimbursement of excise taxes, while shareholders are left with less favorable terms [6][7] Future Outlook - Two Seas believes that Core Scientific's standalone future is promising, with potential for significant value appreciation driven by the AI data center demand [5][7] - The firm emphasizes that shareholders should not support the transaction at the current terms and should instead hold onto their shares for future growth [7][8]

Group 1 - Core Scientific, Inc. (NASDAQ:CORZ) is currently viewed as a strong investment opportunity, with a Buy rating and a price target of $17.00 set by Bernstein analyst Gautam Chhugani [1] - In fiscal Q2 2025, Core Scientific reported total revenue of $78.6 million, a decrease from $141.1 million in the same quarter the previous year [2] - The company's adjusted EBITDA for the same quarter was $21.5 million, down from $46.0 million year-over-year [2] Group 2 - Core Scientific operates in the digital Bitcoin mining and high-performance computing infrastructure sector, utilizing its own fleet of miners to earn Bitcoin and providing hosting services at eight operational data centers in the U.S. [3]

Core Insights - Core Scientific, Inc. (NASDAQ:CORZ) is recognized as one of the 11 best performing IPOs in the last two years despite a revenue decline and mixed analyst opinions [1] - The company reported a revenue of $78.63 million for Q2 2025, reflecting a 44.3% year-over-year decrease, primarily due to a 62% drop in bitcoin mined [2] - The company's EPS of -$0.04 exceeded the anticipated EPS of -$0.07, indicating some operational resilience [2] Analyst Sentiment - Analysts have mixed sentiments regarding Core Scientific's performance; Bernstein maintains a Buy rating while most others lean towards Hold [3] - The stock has an upside potential of 5.07% according to CNN [3] Company Overview - Core Scientific, Inc. is a leader in digital infrastructure, specializing in high-density colocation services and dedicated data centers, with a current focus on AI-related workloads [4] - The company was founded in 2017 and has experienced a growth of 371.68% since its IPO on January 20, 2024, contributing to its positive outlook [3]

智通财经APP获悉，Core Scientific(CORZ.US)股价走高，截至发稿，该股涨超9%，报15.85美元。总市 值超过48亿美元。该公司股价跟随CoreWeave(CRWV.US)走高，在2025年7月7日，CoreWeave与Core Scientific达成一项全部通过发行新股进行的收购协议。Core Scientific股东将以每持有一股Core Scientific 普通股，换取0.1235股CoreWeave A 类普通股，整个交易估值约为90亿美元。 Core Scientific最大股东Two Seas Capital LP已公开反对这项交易，认为交易结构存在问题，可能导致 Core Scientific股东承担过大风险，目前尚未公布确切日期，但市场普遍预计将在2025年秋季通过股东 投票决定是否继续推进收购事宜。 ...

Core Viewpoint - Core Scientific's stock price has risen over 9%, reaching $15.85, with a market capitalization exceeding $4.8 billion, following the acquisition agreement with CoreWeave [1] Acquisition Details - CoreWeave and Core Scientific have reached an acquisition agreement set for July 7, 2025, where Core Scientific shareholders will receive 0.1235 shares of CoreWeave Class A common stock for each share of Core Scientific common stock they hold [1] - The total valuation of the transaction is approximately $9 billion [1] Shareholder Opposition - Two Seas Capital LP, the largest shareholder of Core Scientific, has publicly opposed the transaction, citing concerns over the transaction structure and potential risks for Core Scientific shareholders [1] - A definitive date for the shareholder vote on the acquisition has not been announced, but it is widely expected to occur in the fall of 2025 [1]

SAN DIEGO, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP is continuing its investigation into whether the board members of Core Scientific, Inc. (NasdaqGS: CORZ) breached their fiduciary duties in connection with the proposed sale of the company to CoreWeave, Inc. (NasdaqGS: CRWV). Background: On July 7, 2025, Core Scientific and CoreWeave announced a definitive merger agreement under which CoreWeave will acquire every outstanding share of Core Scientific.The merger dea ...

Core Acquisition Risk - CoreWeave plans to acquire Core Scientific to enhance its high-performance data center infrastructure, but the deal is at risk due to investor reactions [1][3] - The acquisition has a total equity value of approximately $9 billion and is structured as an all-stock deal to avoid additional debt [3] Financial Performance and Investment - CoreWeave is investing heavily in its internal business, with plans to invest over $6 billion in a new data center in Pennsylvania [4] - Following a disappointing quarterly report on August 12, CoreWeave's stock has dropped nearly 40% since the earnings release [4] Shareholder Opposition - The all-stock structure of the acquisition makes it vulnerable to falling share prices, leading to opposition from at least one large shareholder of Core Scientific [5] - Two Seas Capital, the largest active shareholder of Core Scientific, owns about 6.3% of the company and has publicly opposed the deal, which could lead to costly renegotiations for CoreWeave [6]

Core View - CoreWeave Inc. is accelerating its AI infrastructure initiatives, with a significant backlog driven by OpenAI contracts and a $9 billion acquisition of Core Scientific, Inc. in progress [1][6] Company Positioning - CoreWeave is well-positioned to capitalize on the rapid growth of the AI market, especially in large language model training and inference, differentiating itself as a software-driven, AI-focused hyperscaler [2] - The company is a leading GPU-as-a-Service provider, expected to capture a substantial share of the expanding AI-optimized Infrastructure as a Service (IaaS) market, with revenue growth projected to significantly exceed broader IaaS trends [4] Financial Metrics - CoreWeave's remaining performance obligation increased from $15.1 billion at the end of 2024 to $30.1 billion by Q2 2025, with approximately half of this backlog associated with new contracts from OpenAI [5] Strategic Moves - The acquisition of Core Scientific for $9 billion, announced on July 7, 2025, involves an all-stock deal, which could convert Core Scientific's bitcoin-linked power assets into high-performance computing capacity, serving as a potential catalyst for CoreWeave's share price [6] - CoreWeave's strategic partnerships and competitive advantages in AI training position it favorably, with opportunities for expansion into accelerated inference computing as a long-term growth driver [5] Market Performance - CoreWeave shares have seen a price increase of 6.07%, trading at $96.96 at the time of publication [7]