Core Scientific, Inc. Common Stock
CORZCore Scientific, Inc. is a technology company specializing in blockchain infrastructure and cryptocurrency mining. It provides data center hosting, blockchain hosting, and digital asset mining services, leveraging advanced hardware and energy-efficient technologies to support blockchain networks and digital currency operations.
Company News
A securities class action lawsuit has been filed against CoreWeave, Inc. (NASDAQ: CRWV) for alleged securities fraud. The company is accused of overstating its ability to meet customer demand and concealing significant construction delays at its data centers. CoreWeave's stock dropped significantly following the failed merger with Core Scientific...
DSC Meridian Capital increased its stake in Core Scientific by 1.4 million shares, bringing total holdings to 2.3 million shares valued at $40.9 million, despite the company experiencing a significant stock price decline after terminating a CoreWeave acquisition.
Asset manager VR Advisory Services acquired 1.2 million shares of Core Scientific, representing a $21.7 million investment, signaling confidence in the company's strategic pivot towards AI infrastructure and data center services.
The article highlights two AI data center stocks, Applied Digital and Core Scientific, that offer strategic advantages in the AI infrastructure buildout by securing long-term power contracts and hosting capacity for AI workloads.
CleanSpark, a Bitcoin mining company, announced its expansion into AI data centers, hiring an experienced executive and targeting Georgia for potential facility conversions. The stock jumped 11% on the news, with a 137% year-to-date gain.
