Jefferies analyst gives Core Scientific, an encryption mining stock, a 'buy' rating

robot
Abstract generation in progress

Golden Finance reported that Jefferies analyst Jonathan Peterson gave Core Scientific (stock code CORZ) a "buy" rating and a target price of $19. CORZ closed up 6.2% at $14.20 per share. So far this year, the stock has pumped over 300%. This summer, Core Scientific and AI Hyperscaler CoreWeave signed a 12-year protocol with a total potential revenue of up to $3.5 billion. The mining company has signed three contracts, adding 70MW and 112MW protocols on top of its initial 200MW protocol. Jefferies predicts that many large tech companies will closely follow the development of CoreWeave and may stimulate more cooperative contract signings.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)