Ladenburg Thalmann Raises Core Scientific (CORZ) Price Target as High-Performance Computing and Hashrate Growth Drive Value

Core Viewpoint - Core Scientific, Inc. (NASDAQ:CORZ) is identified as a strong candidate for short squeeze investments, with a price target increase from $22.50 to $24.50 by Ladenburg Thalmann, maintaining a Buy rating based on potential earnings from High-Performance Computing and projected growth in hashrate [1] Financial Performance - Core Scientific's non-GAAP cash earnings are projected to reach $461 million, or $0.92 per share, with revenues expected to grow to $1.055 million by calendar year 2027 [2] - The company's break-even mining price is significantly lower than current and anticipated Bitcoin prices, allowing for profitable operations despite market volatility [2] Corporate Developments - The proposed merger with CoreWeave, Inc. has been terminated due to shareholder disapproval, officially dissolving the July 2025 merger agreement [3] Business Operations - Core Scientific operates in digital Bitcoin mining and high-performance computing infrastructure, utilizing its own fleet of miners to earn Bitcoin and providing hosting services at eight operational data centers in the U.S. [4]