fromCoindesk
7 months agoArtificial intelligence
Core Scientific, on Cusp of Becoming a Major Force in AI Hosting, Initiated at Buy: Canaccord
Core Scientific is repositioning itself as a significant player in AI hosting, as per Canaccord's buy rating.
The firm’s long-term contract with CoreWeave marks a pivotal moment in its business strategy.
Core Scientific's growth potential is driven by AI revenue, cash flow improvements, and future site acquisitions.