Core Scientific upgraded by B. Riley Securities with a new price target
$CORZ
Finance: Consumer Services
Finance
B. Riley Securities upgraded Core Scientific from Neutral to Buy and set a new price target of $13.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/15/2024 | $25.50 | Buy | ROTH MKM |
| 10/28/2024 | $19.00 | Buy | Jefferies |
| 9/25/2024 | $16.00 | Outperform | Macquarie |
| 9/23/2024 | $16.00 | Buy | Canaccord Genuity |
| 9/4/2024 | $16.00 | Buy | Needham |
| 7/17/2024 | $20.00 | Overweight | Cantor Fitzgerald |
| 7/17/2024 | $13.00 | Neutral → Buy | B. Riley Securities |
| 7/10/2024 | $17.00 | Outperform | Bernstein |
Industry Veteran Scott Brueggeman Joins Core Scientific as Chief Marketing Officer to Drive Market Expansion and Visibility Core Scientific, Inc. (NASDAQ:CORZ) ("Core Scientific" or "the Company"), a leader in digital infrastructure for high-performance computing and digital asset mining, today announced the appointment of Scott Brueggeman as Chief Marketing Officer. With over 20 years of experience in digital infrastructure and technology businesses, Brueggeman will play a pivotal role in strengthening the company's brand presence, driving growth, and expanding market opportunities. Brueggeman brings a proven track record of success in high-growth environments. Most recently, he served
424B3 - Core Scientific, Inc./tx (0001839341) (Filer)
8-K - Core Scientific, Inc./tx (0001839341) (Filer)
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ROTH MKM initiated coverage of Core Scientific with a rating of Buy and set a new price target of $25.50
Jefferies initiated coverage of Core Scientific with a rating of Buy and set a new price target of $19.00
Macquarie initiated coverage of Core Scientific with a rating of Outperform and set a new price target of $16.00
4 - Core Scientific, Inc./tx (0001839341) (Issuer)
4 - Core Scientific, Inc./tx (0001839341) (Issuer)
4 - Core Scientific, Inc./tx (0001839341) (Issuer)
Fiscal Third Quarter 2024 Highlights Incurred net loss of $455.3 million due primarily to a net $408.5 million non-cash mark-to-market adjustment to our warrants and other contingent value right liabilities required as a result of significant quarter-over-quarter increase in the value of our equity Generated operating loss of $41.2 million, an increase of $29.2 million over third quarter 2023 Realized adjusted EBITDA of $10.1 million Customer initiated option exercises resulted in an additional 112 MW during the third quarter and the remaining 120 MW in the fourth quarter for a total of approximately 500 megawatts of critical IT load to host high-performance computing ("HPC"), repre
Core Scientific, Inc. (NASDAQ:CORZ) ("Core Scientific" or "the Company"), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced it will issue financial results for the Company's fiscal year 2024 third quarter after financial markets close on Wednesday, November 6, 2024. Management will host a conference call and live audio webcast to discuss the results at 3:30 p.m. Central Time. Hosting the call and webcast to review results for the third quarter 2024 will be Adam Sullivan, Chief Executive Officer, Denise Sterling, Chief Financial Officer, and Steven A. Gitlin, Senior Vice President, Investor Relations. Conference Call and Webcast Event Sum
Fiscal Second Quarter 2024 Highlights Incurred net loss of $804.9 million due primarily to a net $796.0 million non-cash mark-to-market adjustment to our warrants and other contingent value right liabilities required as a result of significant quarter-over-quarter increase in the value of our equity Generated operating income of $6.6 million, a decrease of $2.9 million over second quarter 2023 Produced adjusted EBITDA of $46.0 million Contracted 382 megawatts of infrastructure to host high-performance computing ("HPC"), including latest contract option exercise, for total potential revenue of approximately $6.7 billion over 12 years Achieved mandatory conversion of convertibl
4 - Core Scientific, Inc./tx (0001839341) (Issuer)
4 - Core Scientific, Inc./tx (0001839341) (Issuer)
4 - Core Scientific, Inc./tx (0001839341) (Issuer)
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SC 13D/A - Core Scientific, Inc./tx (0001839341) (Subject)
Industry Veteran Scott Brueggeman Joins Core Scientific as Chief Marketing Officer to Drive Market Expansion and Visibility Core Scientific, Inc. (NASDAQ:CORZ) ("Core Scientific" or "the Company"), a leader in digital infrastructure for high-performance computing and digital asset mining, today announced the appointment of Scott Brueggeman as Chief Marketing Officer. With over 20 years of experience in digital infrastructure and technology businesses, Brueggeman will play a pivotal role in strengthening the company's brand presence, driving growth, and expanding market opportunities. Brueggeman brings a proven track record of success in high-growth environments. Most recently, he served
Earned 291 Self-Mined Bitcoin for a Total of 6,595 Bitcoin Year-to-Date and 974 in the Fourth Quarter; Our Customers Earned an Estimated 18 Bitcoin at Our Data Centers in December Core Scientific, Inc. (NASDAQ:CORZ) ("Core Scientific" or "the Company"), a leader in digital infrastructure for high-performance computing and bitcoin mining, today released unaudited production and operations updates for December 2024. Key Metrics Summary (unaudited) Metric December 2024 November 2024 Self-Mining Bitcoin Earned1 291 314 Hosting Bitcoin Earned by Customers2 18 29 Average Self-Mined Bitcoin Earned/Day 9.4
Earned 314 Self-Mined Bitcoin for a Total of 6,304 Bitcoin Year-to-Date and Our Customers Earned an Estimated 29 Bitcoin at Our Data Centers in November Core Scientific, Inc. (NASDAQ:CORZ) ("Core Scientific" or "the Company"), a leader in digital infrastructure for high-performance computing and bitcoin mining, today released unaudited production and operations updates for November 2024. Key Metrics Summary (unaudited) Metric November 2024 October 2024 Self-Mining Bitcoin Earned1 314 369 Hosting Bitcoin Earned by Customers2 29 52 Average Self-Mined Bitcoin Earned/Day 10.5 11.9 Self-Mining Energized Hash