BTC Miner Core Scientific Uniquely Positioned to Capture AI Demand, Initiate at Buy: Jefferies

Coindesk
28 Oct 2024
  • Jefferies initiated coverage of bitcoin miner Core Scientific with a buy rating and a $19 price target.
  • The company is uniquely positioned to capture the recent trend of surging demand from AI companies, the report said.
  • The company's mining operations are profitable and becoming more efficient, the report said.

Core Scientific (CORZ) is uniquely well positioned to capture surging artificial intelligence (AI) demand given the company's large available power supply and strong data center development team, Jefferies said in a Monday research report initiating coverage of the bitcoin miner.

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