**Cryptocurrency News**

- Jefferies initiated coverage of Core Scientific with a "buy" rating and a $19 price target.

- Core Scientific (CORZ) is uniquely positioned to meet growing demand from AI companies thanks to its deep resources and strong data center development team.

- Bitcoin mining operations remain profitable and are becoming more efficient.

- Core signed a 12-year deal with CoreWeave in June, a major development for the industry.

- The company is expected to expand its tenant base to other large companies.

- While future deals may be less lucrative, they will still be significant, Jefferies notes.