**News Flash: Core Scientific's Big Move into AI Hosting**
Core Scientific (CORZ) is making waves! Broker Canaccord has initiated coverage of the bitcoin miner with a buy rating and a $16 price target. đ
- **AI Hosting Potential**: Core Scientific is set to become a major player in AI hosting, thanks to a transformative 12-year contract with hyperscaler CoreWeave.
- **Positive Drivers**: Canaccord highlights ramping revenue in AI hosting, improved cash flow, and potential site acquisitions.
- **Bitcoin Mining**: Despite shifting focus, the company still retains 230MW for bitcoin mining.
What do you think about Core Scientific's shift towards AI hosting? Drop your thoughts in the comments!