List of Flash News about Bitcoin Mining AI
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2025-07-07 21:59 |
Core Scientific (CORZ) Stock Price Could Double to $30 on CoreWeave AI Deal, Says Cantor Fitzgerald
According to @StockMKTNewz, investment firm Cantor Fitzgerald projects that Core Scientific (CORZ) stock could surpass $30 per share in a potential acquisition by AI cloud firm CoreWeave, nearly doubling its recent trading price. This bullish valuation is reportedly driven by a 12-year, $3.5 billion AI infrastructure lease signed with CoreWeave and the high replacement value of Core Scientific's 570MW of power infrastructure. The potential deal highlights a significant trend where Bitcoin (BTC) miners are pivoting their operations to support the AI industry for more stable, long-term cash flows, a move accelerated by reduced profitability following the latest BTC halving. Investor Kevin O’Leary notes that the infrastructure and energy strategies pioneered by BTC miners are now critical for the AI sector's growth, attracting institutional capital. While some miners have struggled with this transition, Core Scientific's strategy of leveraging its existing footprint for the AI boom appears to be a successful model for the crypto mining sector. |