Added to YB: 2024-06-27
Pitch date: 2024-06-26
CORZ [bullish]
Core Scientific, Inc.
+67.31%
current return
Author Info
No bio for this author
Company Info
Core Scientific, Inc. provides digital asset mining services in the United States. It operates through three segments: Digital Asset Self-Mining; Digital Asset Hosted Mining; and HPC Hosting.
Market Cap
$4.6B
Pitch Price
$9.88
Price Target
24.00 (+45%)
Dividend
N/A
EV/EBITDA
-98.74
P/E
-6.94
EV/Sales
15.97
Sector
Software
Category
growth
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.
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