Wall Street is bullish on Bitcoin mining company Core Scientific, with its stock price rising another 60%: benefiting from AI Computing Power dividends.

Bernstein recently pointed out in a report that with the deepening partnership between bitcoin mining company Core Scientific and AI cloud computing company CoreWeave, and the long-term $15.9 billion cooperation between CoreWeave and OpenAI, Core Scientific's stock price is expected to benefit from the strong performance of CoreWeave's share price. (Synopsis: Ensure OpenAI computing power!) Microsoft signed a multi-billion magnesium agreement with CoreWeave, formerly known as Ethereum Mining Farm) (Background supplement: Mining company Core Scientific signed a 12-year contract with AI company!) Estimated earnings exceed 3.5 billion magnesium) Bernstein, a top Wall Street investment bank, recently pointed out in a report that with the deepening partnership between bitcoin mining company Core Scientific and AI cloud computing company CoreWeave, and CoreWeave's long-term cooperation with OpenAI worth $15.9 billion, Core Scientific's stock price is expected to benefit from the strong performance of CoreWeave's share price. Driven up. CoreWeave shares soar, Core Scientific rebounds steadily According to the latest data from Google Finance, CoreWeave (stock code: CRWV) has soared 122.2% to $88.85 since its listing in March this year, with a market value of $42.62 billion. Core Scientific (stock code: CORZ), although its share price has rebounded sharply by 69.72% in the past 1 month, returning to $10.84, but its share price has fallen 22.88% so far this year, and its market value is now at $3.23 billion. Against this backdrop, Bernstein analysts reiterated their rating on Core Scientific's share price as "outperforming" and set their price target at $17, which equates to an increase of about 60% in the current price. Analysts pointed out that the market still sees Core Scientific as a bitcoin mining company rather than a cutting-edge data center platform, but the value of its AI division is expected to account for 43% of its enterprise value, and due to the partnership with CoreWeave, Core Scientific's revenue will continue to grow steadily, so investor confidence will quickly recover. What does Core Scientific have to do with CoreWeave? Core Scientific is an Austin, Texas-based digital infrastructure company founded in 2017 and one of the largest publicly traded bitcoin mining companies in North America. The company has been transforming its data center infrastructure into one that supports AI high-performance computing (HPC) in recent years. CoreWeave is a New Jersey-based AI cloud computing company, also founded in 2017, initially engaged in Ethereum mining activities, and transformed into an AI cloud computing provider after Ethereum moved to proof-of-stake in 2022. In 2024, its revenue reached $1.92 billion, a significant increase from the previous two years. The collaboration between Core Scientific and CoreWeave begins with their historical relationship in cryptocurrency mining, with Core Scientific hosting CoreWeave's GPUs between 2019 and 2022. After 2022, as CoreWeave transforms into an AI cloud computing company, the partnership shifts to high-performance computing infrastructure. In March 2024, Core Scientific leased a data center in Austin, Texas to CoreWeave. In June of the same year, a 12-year 200MW hosting contract was signed, and Core Scientific retrofitted its data center to support CoreWeave's NVIDIA GPUs. Subsequently, from June 2024 to February 2025, the contract was expanded to 590MW covering six sites, of which 260MW at Denton, Texas, will be one of the largest GPU clusters in North America, closely related to OpenAI's workloads. Related reports Get out of bankruptcy" Bitcoin mining company Core Scientific completed restructuring and returned to NASDAQ listing tonight Bear market bottoming signal? Bitmain acquires "bankrupt mining company" and buys 54 million magnesium Core Scientific stake SPAC|Bitcoin mining company Core Scientific challenges listing on Nasdaq, with a valuation of $4.3 billion far exceeding its rival "Wall Street bullish bitcoin mining company Core Scientific shares rise another 60%: eat AI computing power dividends" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".