Core Scientific Inc (CORZ) News

BTC , their involved Now i think with Hpc Ai , just dd lil

Up 5X now 

Is this a bitcoin stock or HPC stock?
Just curious.

Kickn self for not listening to get in at $3.50 verses no gain so far in shitFarms

tHANKS CORZ light

CORZ .. Core Scientific Announces Exercise of Final Contract Option by CoreWeave for Delivery of Approximately 120 MW of Additional Digital Infrastructure to Host High-Performance Computing Operations

Source: Business Wire
Expands Total Contracted HPC Infrastructure by CoreWeave to Approximately 500 Megawatts of Critical IT Load at Six Core Scientific Sites

Increases Potential Cumulative Revenue to $8.7 Billion over 12 Year Contract Terms

Core Scientific Pursuing Expansions to Existing Data Centers and Evaluating Additional Sites to Expand HPC Hosting Capacity

Core Scientific, Inc. (NASDAQ: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced that CoreWeave, the AI Hyperscaler, has exercised its final option to contract for additional infrastructure pursuant to the terms provided as part of the previously announced 200 megawatt (“MW”) hosting contract for high performance computing (“HPC”) entered into with CoreWeave on June 3, 2024.

This press release features multimedia. View the full release here: https

In at 0.13, and holding...
I can't see myself ever selling.
This will retire me good.

Good luck to all of you.

Core Scientific boosts stock with mega AI hosting deal
Core Scientific (NASDAQ:CORZ) is becoming a major player in AI hosting after signing a 12-year contract with CoreWeave. Brokerage Canaccord initiated coverage of the stock with a buy rating and a $16 price target, driven by the transformative deal. Canaccord highlighted AI revenue growth, better cash flow, and future acquisitions. The company also maintains 230 MW of capacity for Bitcoin mining, in addition to the 500 MW redirected for AI. Core Scientific’s stock rose 4% during Monday’s trading.

Yesterday CORZ & CORZZ price was 5 cents higher in CORZ favor. Called my broker and exercised all my warrants for a penny. Sure, a 4 cent advantage may not seem like much, but with the number of warrants I had it added up.

I fckn love this stock

Wonder how bad this is gonna hurt CORZ ..Bitcoin taking a massive beating over the WE .

Nice bounce back ...Got some low $9.00s yesterday...

CORZ & CORZZ. Am I correct that these should trade at almost the same price, with CORZZ being 1 cent lower? That would seem to make sense to me.

Agreed

LCK

Been a beast lately. Healthy pullback last few days.

Imagine an Open AI deal. Stock will be $25

Ever had the trade/investment of a lifetime? CORZ has been mine….in at .05 out at 1.20, waited for BK exit to settle in and then full court press in the mid 3s

Holding these shares for the cycle, cant wait to see how it plays out. This company is executing on a high level I believe and this HPC/AI shiz can be a serious game changer

All the best

LCK

Revenue from tranche 1 warrants yes, but not so much from the 1 cent tranche 2.

I have been buying Call Options on CORZ as far out in the future as possible and doing quite well.
I bought the $10 Call Option on Wednesday that expires on January 16, 2026 and it is up 86% in 48 hours.

I was so enthused about the performance that I bought the $17 Call Option yesterday and today it is already up 17%, in one day.

And as of today they just added another Exercise Price tier at $20, which is a strong indicator of where the stock price is going.

The options that I have bought have 582 days until expiration. I believe strongly that Bitcoin is going to $100K and higher in the next 18 months. If true, then this should push the CORZ share price above $50 a share, giving me at least a 10X gain.

The higher the share price goes the more Warrants will get exercised producing ever more income to the company. According to the rules agreed to in the Bankruptcy proceeding, the majority of this income has to be used to pay down the debt. So I think that it is a given that over the next 18 months Core should be totally out of debt and very well could be the most productive and profitable mining company.

All just my opinion... Do your own DD.

Yes: ".. persuaded them to throw in a dirtbag low bid, perhaps thinking that it might persuade investors to sell, trying to make them think its over valued."

It's that slow realization the opportunity has finally run out of more run space. $5, or even Riots' $2.30 bid, might have worked 6 or 12 months ago. But that ship has sailed. $10, the new price, will likely fall just as quickly, too.

It's anybody's guess what happens when this light bulb moments hits all of the fund managers at once?

This being an election year, no doubt there will plenty more shenanigans left in 2024. But it won't be too long before FOMO begins to tighten around the mutual fund and hedge fund managers, not to mention the actuaries who hold the insurance funds. I'm betting it's around the time somebody finally explains how bitcoin and mining actually works to all of these managers.

Perhaps they haven't yet reached the realization that without mining, BTC doesn't come into existence. That there will only be 21 million total BTC and that 19,700,000+ have already been accounted for.

That the next two million mined will likely raise the price of all that came before.

The awareness of scarcity is going to rush in very fast and it's likely to trigger a panic which has been ignored for a long time.

Not sure if this will happen to other crypto, too, as they don't require mining. We shall see.

$10.00 PT put on it today by a broker,dumb ass shorts at risk of keep getting squeezed higher.

Num nuts selling $9.00 calls at $0.35, wake up you fools, before you go broke.

People still buying in the 8’s, anyone have a clue as to where this is going?
Looks over bought now

Dip shtts who sold the $9.00 calls yesterday at $0.10,now paying the price for that stupidity,they have more than doubled,and probably have more to go,forcing the selling fools to chase buy them back.

Kind of looks like as if big shorts persuaded them to throw in a dirtbag low bid, perhaps thinking that it might persuade investors to sell,trying to make them think its over valued, so the criminals could cover their shorts, it backfired on them,a broker upgraded the stock today with a $10.00 PT,the criminals better close their shorts before the close.

Yeah really strong lately.

Is this a joke?

"CoreWeave Inc., specializing in cloud computing, made a formal offer of about $1 billion to acquire Bitcoin miner Core Scientific Inc. (NASDAQ:CORZ). The proposal includes an acquisition price of $5.75 per share, reflecting a 55% increase over Core Scientific’s recent average price."

Perhaps, $57.50? Or $157.50?

Dip shtts selling the $9.00 calls at between $0.10 and $0.15, the fools will most likely end up, either having to buy them back for more than double,and the chasers will force them to do so.

$CORZ $8 https://x.com/Core_Scientific/status/1797799817822777652

Not weak anymore....

Weak price action since it’s been on the nasdaq. Hopefully can turn that around soon.

Bitcoin stocks reversing this afternoon. Next week it should be UP, UP, UP as we move into "April halving".

Back in with mid 3s average. I exited before BK exit, was not sure how equity/warrants would play out. Was the right choice for me, my average was .05 out at 1.20

I like Core, its been a laggard in this sector and hoping for a nice performance thru the having into the bull phase. Only miner Im holding now.

LCK

CORZ 10Q due March 12

$corz

I hope everyone added on yesterday’s pullback

This one is tricky. Two kinds of warrants will dilute as they get converted. But this is a monster bitcoin machine. I went with tranche 1 warrants. Strong case for buying common too. If common hits 6-7 bucks, some dilution will hold it back, and then maybe 20+ for the first bull run. for 2025, it could go sky high with the warrants behind it. Too cheap to ignore.

Likely, maybe the bottoms in few sessions ago , this sec. So volatile.

Btc is in bull phase, this will only be a good thing at least until 2025, the smaller and inefficient miners will go away and only big ones wil stay like corz and mara

Nice move today
I’d say the bottom is in

Keep waiting. It will hit 6 soon.

Im still waiting ,How low will she Go ,im still in the Green Not Holding any Lol

Not sure why the warrants are skyrocketing but the common shares are just blah. It should all go up!

I agree. The unintelligible language used in all the crap we were mailed was the worst of legalese. And neither Stretto nor Atrade/Schwab could be helpful.

The cost of warrants seemed to be more than current share price. How is that possible or sensical?

They produce more btc than mara, plus they already went through a bankruptcy once, this is all good signs, 3x from now easy maybe more

You got it.

Does anyone have a good explanation about the two different warrants?

I think CORZW is a pretty standard warrant, with an exercise price of $6.81

CORZZ seems to be different, that it is exercised at a price of $.01, so pretty much equal to the common share price, but can only occur if the CORZ share price is over $8.72?

Here is the link:

https://www.sec.gov/Archives/edgar/data/1839341/000119312524013078/d661343dex43.htm

I feel like I am missing something in terms of the calculation.

But we still have to figure out the cost basis of all three from CORZQ. I've emailed Cores IR. Maybe I'll get an answer.

Same percentage breakdown here, in my Etrade acct.

Good question.