🚀 Big news in the crypto world! Canaccord has initiated coverage of Core Scientific (CORZ) with a buy rating and a $16 price target. The bitcoin miner is set to become a major player in AI hosting, thanks to a transformative 12-year contract with hyperscaler CoreWeave. 📈

Canaccord highlights three key drivers for CORZ: ramping revenue in AI hosting, improved cash flow, and potential site acquisitions. With 230MW still available for bitcoin mining, the upside looks promising!

What do you think about Core Scientific's pivot to AI hosting? Share your thoughts below! #Crypto #Bitcoin #AI