Core Scientific Could Top $30 on CoreWeave Buyout Deal: Cantor Fitzgerald

Core Scientific (CORZ) is positioned for a potential acquisition by CoreWeave, with projections suggesting a share price exceeding $30, nearly doubling its current value just above $16. Analysts at Cantor Fitzgerald cite significant future cash flows from AI contracts and the company's data center replacement value as key factors driving this optimism. The shift from Bitcoin mining to AI infrastructure is gaining traction in the industry, as companies move to capitalize on the growing demand for AI services. While not all pivots away from Bitcoin have succeeded, Core Scientific may be well-placed to leverage its resources in the lucrative AI sector. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk