Group 1 - The analyst focuses on rigorous equity and credit research, utilizing various valuation models to derive a 12-month price target [1] - The research style includes a combination of DCF analysis, SOTP, peer/multiples analysis, and risk-adjusted approaches [1] - The analyst expresses a strong interest in sectors such as energy, commodities, technology, and finance [1] Group 2 - The analyst has a beneficial long position in the shares of CORZ, indicating a personal investment interest [2] - The article reflects the analyst's personal opinions and is not influenced by any business relationships [2][3] - The content is intended for informational purposes and does not constitute investment advice [3][4]

Core Viewpoint - Core Scientific (CORZ) is transitioning from crypto mining to artificial intelligence (AI) operations, leading to a significant increase in stock value and interest from potential acquirers like CoreWeave (CRWV) [1][2] Company Developments - CoreWeave previously offered $9 billion for Core Scientific, but shareholders believe the company's value will increase further if they hold out [2][4] - Core Scientific's stock has risen 152% over the past six months, despite a recent minor decline of nearly 5% [2] - The company has a current market capitalization of $7.1 billion, which is below the acquisition offer from CoreWeave, indicating shareholder confidence in future growth [4] Analyst Insights - Analysts have raised their price targets for CORZ stock significantly, with Cantor Fitzgerald setting a target of $26, Macquarie at $34, B. Riley at $30 (up from $17), Bernstein at $24 (up from $17), and Roth Capital at a new high of $40 [3] Future Potential - Core Scientific is positioned to benefit from the AI buildout, with expectations of signing more contracts as hyperscalers increase their data center investments [5] - The company has an active contract with CoreWeave worth $8.7 billion over 12 years, including a $1.2 billion expansion announced in February [6] - Analysts predict positive earnings per share (EPS) starting in 2026, with revenue growth projected at 113%, reaching $801.2 million [6] Investment Outlook - The outlook for Core Scientific appears positive, with the potential for securing more multi-billion-dollar partnerships and a strong contracted capacity that supports further upside for shareholders and analysts [7]

Group 1 - Core Scientific, Inc. (NASDAQ:CORZ) has been upgraded by Macquarie to "Outperform" with a new price target of $34.00 following the termination of its planned sale to CoreWeave (CRWV) [1] - Roth Capital has also raised its price target for CORZ from $23.50 to $40 while maintaining a Buy rating, indicating confidence in CORZ's ability to pursue a standalone path and engage with customers after the failed takeover [2] - The company is transitioning into an AI business by leveraging its advanced infrastructure and expertise in high-performance computing (HPC) [3] Group 2 - Despite the potential of CORZ as an investment, there are other AI stocks that may offer greater upside potential and carry less downside risk [3]

Core Scientific and CoreWeave Acquisition - Core Scientific shareholders voted against the acquisition offer from CoreWeave, which was anticipated to be a significant data-center M&A deal in the mining sector [2] - The rejection of the deal alters the investment landscape by returning hundreds of megawatts back to the market for companies like Microsoft and Oracle [2] CleanSpark's AI Expansion - CleanSpark announced the acquisition of a new site in Texas with a 385 MW power pipeline, indicating a shift towards integrating AI and high-performance computing (HPC) workloads alongside traditional mining [4] - The stock of CleanSpark has increased nearly 100% since July 2025, following the market's anticipation of the use of its power pipeline for AI [5] TeraWulf's Long-term AI Hosting Agreement - TeraWulf signed a 25-year AI hosting deal with FluidStack, marking one of the longest contracts between a Bitcoin miner and an AI hosting firm, which enhances long-term revenue visibility [6] - This agreement reflects the industry's pivot towards high-margin compute workloads and TeraWulf's focus on the 'powershell' model for building AI factories [6] Global Hashrate Trends - The global hashrate has surged past 1.1 Zettahash, with significant contributions from China and Russia, despite Western miners potentially slipping in their market position [1][7] - The expansion of hashrate in these countries is occurring at a faster pace than expected, with many U.S. miners halting machine purchases to pivot towards AI [7][8]

Core Partnership and Acquisitions - The partnership with Core Scientific is solid, with a commitment to consume their services for the next 10 to 15 years through infrastructure extensions [2][3] - Recent shareholder votes resulted in the rejection of an acquisition, primarily due to price considerations, despite strategic alignment [3] - The company has been actively acquiring other firms, such as Mariano and Waits Biases, to enhance its cloud capabilities and broaden software solutions [4][8] Infrastructure Development - The company has a significant footprint within Core Scientific, utilizing approximately 580 megawatts of infrastructure, while also signing over 600 megawatts of data center infrastructure outside of Core Scientific [6][7] - New data centers are being built in Pennsylvania and New Jersey to increase control over infrastructure [9] - The company is focused on raising capital to support ongoing infrastructure buildout, leveraging innovative financing products [11][12] Market Position and Strategy - The company believes it has a strong business model that generates substantial returns and meets global infrastructure needs [13][14] - There is a growing interest in the company's offerings, particularly in artificial intelligence infrastructure, which is seen as a bullish indicator for future growth [16][17] - The company aims to diversify its customer base while remaining disciplined in its acquisition strategy, ensuring that any potential deals are at the right price [10][15]

Core Scientific and CoreWeave Acquisition Attempt - Core Scientific shareholders rejected a $9 billion all-stock acquisition offer from CoreWeave, influenced by a vote-no recommendation from their largest shareholder, Sina Toussi of Two Seas Capital [1][4] - CoreWeave has transitioned from crypto mining to serving AI workloads, with its market cap increasing from $14 billion to $66 billion since its IPO, reflecting strong investor interest in AI [2] - CoreWeave had previously signed a $10 billion, 12-year contract with Core Scientific for AI services, which was seen as a premium offer compared to Core Scientific's share price at the time [3] Investor Sentiment and Market Dynamics - Investor Toussi believes Core Scientific can independently achieve success similar to CoreWeave, citing rising equity valuations in AI infrastructure as a reason to reject the acquisition offer [4] - Following the rejection of the acquisition, Core Scientific's stock price increased, leading to a market cap of $6.6 billion [4] - The rejection of acquisition bids in pursuit of larger offers indicates a potential AI bubble in the market [7] CoreWeave's Strategic Moves - CoreWeave continues to pursue acquisitions, recently acquiring Marimo, an open-source Jupyter Notebook competitor, for an undisclosed amount, with Marimo having raised approximately $5 million [7] - The acquisition of Marimo aligns with CoreWeave's strategy to enhance its capabilities in AI app development [8]

Core Scientific and CoreWeave Merger - Core Scientific shareholders rejected a $9 billion merger deal with CoreWeave due to insufficient votes for approval [1] - The merger was part of a trend among AI companies seeking power-rich infrastructure to support increasing computational demands [2] CoreWeave's Position and Financials - CoreWeave, backed by Nvidia, is an OpenAI partner providing AI infrastructure for advanced language model training [3] - CoreWeave secured a $6.3 billion order from Nvidia, which includes a commitment to purchase unsold capacity through April 2032 [3] Market Reaction - Following the merger rejection, CoreWeave's stock fell over 6% to close at $131.06, while Core Scientific's stock remained stable at $20.74 [4] Industry Context - Bitcoin mining has become increasingly complex and costly, leading miners to explore alternative fields such as AI [5] - Core Scientific shareholders felt the acquisition deal undervalued the company [6]

Group 1 - The article highlights a significant week for markets, with key events including the Federal Reserve's decision, multiple companies reporting earnings, and a U.S.-China trade deal [2] - Tech Contrarians, an investing group led by former technology sector engineers, offers institutional-level company research to individual investors, aiming to simplify technology sector investments [2] - The group provides a live portfolio with quarterly updates, bi-weekly newsletters, and daily Q&A sessions to enhance investor understanding [2] Group 2 - Tech Contrarians has achieved a realized return of 65.8% on closed positions since inception, indicating strong performance in their investment strategy [1]

Group 1 - Core Scientific held an Investor Update Call to discuss company performance and future outlook [2] - The call included a reminder that it is being recorded and participants are in listen-only mode [2] - Forward-looking statements were presented, indicating expectations and forecasts that may involve risks and uncertainties [3][4]

Core Insights - The article emphasizes the importance of identifying undervalued stocks that are mispriced by the market as a strategy for investment success by the end of October [1] Group 1: Company Overview - Stone Fox Capital is an RIA based in Oklahoma, led by Mark Holder, a CPA with extensive experience in investing and portfolio management [2] - Mark Holder has 30 years of investing experience, including 15 years as a portfolio manager, and leads the investing group Out Fox The Street [2] Group 2: Investment Strategy - The investing group provides stock picks and in-depth research aimed at uncovering potential multibaggers while managing portfolio risk through diversification [2] - Features of the group include model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and community chat access for direct interaction with Mark [2]