What's Going On With Core Scientific Stock Monday?
Portfolio Pulse from Adam Eckert
Core Scientific Inc (NASDAQ:CORZ) shares are gaining attention after the company released its September production update. The company mined 345 Bitcoin, bringing its year-to-date total to 5,621. Core Scientific also sold 370 Bitcoin for $22.2 million and is transitioning its data centers for AI GPU cloud workloads. The stock may also be benefiting from a recent rise in Bitcoin prices.
October 07, 2024 | 1:17 pm
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Core Scientific's September update shows strong Bitcoin mining results and strategic data center transitions. The company mined 345 BTC and sold 370 BTC for $22.2M. Transitioning to AI GPU cloud workloads could enhance future growth.
The update highlights Core Scientific's strong Bitcoin mining performance and strategic shift towards AI GPU cloud workloads, which could drive future growth. The recent rise in Bitcoin prices also supports a positive short-term outlook for CORZ shares.
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