๐ Core Scientific (CORZ) is making waves! Canaccord just gave them a buy rating with a $16 price target. Why? They're not just mining Bitcoin anymoreโthey're diving into AI hosting! ๐ค
1. **Mega Deal Alert**: A 12-year contract with CoreWeave is a game changer. It's the first "mega deal" where a Bitcoin miner offers high-performance compute (HPC) data center hosting. ๐ฅ
2. **Triple Threat**: Canaccord sees three big wins: ramping AI hosting revenue, better cash flow, and more site acquisitions. ๐
3. **Mining Power**: Even after repurposing 500MW for AI, they still have 230MW for Bitcoin mining. ๐ก
What do you think? Comment below! โฌ๏ธ