Core Scientific, Inc. (CORZ) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.20 per share a year ago.
DeepSeek's artificial intelligence announcement triggered a sizable sell-off in bitcoin miners this week. One of the hardest hit among them was Core Scientific Inc. In just the last five days, the Core Scientific stock has slumped down around 25%.
Core Scientific: Higher Digital Asset Prices And Making Progress On Debt
Core Scientific CEO Adam Sullivan discusses the company's AI ambitions.
Some bitcoin (BTC-USD) miners are shifting into artificial intelligence (AI) and selling their existing power to AI data centers as Big Tech companies look for power sources capable of meeting the energy-intensive needs of AI infrastructure. Core Scientific (CORZ) CEO and president Adam Sullivan joins Madison Mills on Catalysts to talk about how the company is balancing its resources to facilitate crypto mining and AI data centers.
Ahead of Nvidia's (NVDA) earnings, today's Big 3 turns to the tech trade. Kenny Polcari and Oliver Renick break down the bullish factors behind Core Scientific (CORZ), Supermicro (SMCI) and RTX Corp. (RTX).
Core Scientific, Inc. (CORZ) Q3 2024 Earnings Call Transcript
The Bitcoin (BTC) mining sector is experiencing renewed investor interest, driven by Bitcoin's recent rally past $70,000 and a shift toward AI-focused business models among key mining players.
Whether the Federal Reserve delivers a 25 or 50 basis point rate cut, it could mean a turnaround for bitcoin miners, which have been struggling so far this year, market participants said.
Although U.S. stocks closed mixed on Wednesday, there were a few notable insider trades.
Core Scientific, Inc. (CORZ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Core Scientific, Inc. (CORZ) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.