Added to YB: 2024-06-27
Pitch date: 2024-06-26
CORZ [bullish]
Core Scientific, Inc.
+64.88%
current return
Author Info
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Company Info
Core Scientific, Inc. provides infrastructure for high-density colocation services and digital asset mining in the United States.
Market Cap
$4.8B
Pitch Price
$9.88
Price Target
24.00 (+47%)
Dividend
N/A
EV/EBITDA
-66.20
P/E
-17.33
EV/Sales
17.79
Sector
Software
Category
growth
Show full summary:
CORZ: Utility-Like Cashflows and Retail Appeal Make for a Strong Investment
CORZ: HPC biz w/ 270MW contracted, 230MW option. 75-80% GM, low SG&A. Bullish 15x+ mult due to retail enthusiasm (BTC+AI), low-risk cashflows, growth potential. Non-HPC biz ~$2M/MW. $16-$24 PT. Good risk-reward at $9, downside limited. 410M fully diluted shares post-warrants. $666M proceeds from Tier 1 warrants.
Read full article (3 min)