Summary
- Cantor Fitzgerald analyzed that Core Scientific would be valued at more than $30 per share if acquired by CoreWeave.
- Core Scientific's stock closed at $16.65 and it is claimed to still be undervalued by more than 50%.
- The main strengths highlighted were long-term cash flow from AI infrastructure contracts and the replacement value of data centers.
As CoreWeave, a cloud-based AI computing company, is in the process of acquiring the Bitcoin (BTC) mining firm Core Scientific, a positive analysis of Core Scientific has emerged.
According to CoinDesk, a media outlet specializing in digital assets (cryptocurrency), on the 27th (local time), Cantor Fitzgerald stated in its report, "If Core Scientific is acquired by CoreWeave, it could earn more than $30 per share."
Core Scientific closed at $16.65 on Nasdaq overnight, up 1.77% from the previous day. Some claim that the stock is still undervalued by over 50%.
Cantor Fitzgerald pointed out the company's major strengths as long-term cash flow from AI infrastructure contracts and the replacement value of its data centers.
Previously, The Wall Street Journal reported that CoreWeave is in negotiations to acquire Core Scientific.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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