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 $25 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 ...