Core Scientific, on Cusp of Becoming a Major Force in AI Hosting, Initiated at Buy: Canaccord

The broker started coverage of the bitcoin miner with a buy rating and a $16 price target.


Canaccord initiated coverage of Core Scientific with a buy rating.

The bitcoin miner is on the cusp of becoming a major player in AI hosting, the report said.

The broker noted that Core Scientific has potential upside from its mining business.