Core Scientific

In a potential game-changer for the cryptocurrency mining sector, Morgan Stanley has forecasted that CoreWeave Inc.‘s (NASDAQ:CRWV) proposed acquisition of Core Scientific Inc. (NASDAQ:CORZ) could boost the Bitcoin (CRYPTO: BTC) miner’s market capitalization by an impressive $2.8...

The S&P 500 index soared to record highs on Thursday, marking a significant recovery from the steep selloff experienced just a few months ago. The market rebound is driven by easing trade tensions, robust corporate earnings, and receding recession fears. For the day, the S&P 500 rose 0.8%...

In a recent development, leading financial services firm Jefferies has commenced coverage of Bitcoin miner Core Scientific Inc. (NASDAQ:CORZ) with a ‘Buy’ rating, underscoring its potential to leverage the burgeoning demand for artificial intelligence (AI). What Happened: Jefferies...

Core Scientific Inc. (NASDAQ:CORZ), one of the world's biggest Bitcoin (CRYPTO: BTC) mining companies, would remember 2024 as a turnaround year. The firm exited Chapter 11 bankruptcy in January and relisted its shares on Wall Street. Since making a comeback, the company's stock has surged nearly...

Block Inc. (NYSE:SQ) co-founder Jack Dorsey has shown great optimism about the potential of the Bitcoin (CRYPTO: BTC) mining chip market, terming it a “massive opportunity” for the company. What Happened: During the Q2 earnings calls Thursday, Dorsey highlighted the current market...

Block Inc. (NYSE:SQ), the financial technology firm helmed by Jack Dorsey, has made its first sale of 3 nanometer (3nm) mining ASICs to leading Bitcoin (CRYPTO: BTC) miner Core Scientific Inc. (NASDAQ:CORZ). What Happened: According to a press release from Wednesday, Core Scientific will purchase...

Bitcoin (CRYPTO: BTC) miners are investing millions into artificial intelligence (AI) businesses, expecting billions in return as they diversify their operations. What Happened: According to a CNBC report on Monday, Core Scientific Inc. (NASDAQ:CORZ), a Bitcoin mining company, announced a 12-year...

Cody Harris, a Republican member of the Texas State House, has introduced a resolution expressing support for the Bitcoin (CRYPTO: BTC) economy in the state. In his resolution, Harris urged lawmakers to protect individuals who code or develop on the Bitcoin network, as well as BTC holders and...

Core Scientific (NASDAQ: CORZ) stock nose-dived by nearly 77% after it warned shareholders of a potential bankruptcy if it failed to improve its financial condition. The company, one of the world’s largest Bitcoin (CRYPTO: BTC) miners, told shareholders that it can't pay off its debt and...