Bernstein remains optimistic in Core Scientific (Corz) even after the actions fell 30% earlier this week as the artificial intelligence startup (AI) China Depseek challenged the idea that Bitcoin (BTC) miners (BTC) They had value as the data center is reproduced.
The slide means that the action is now available with a deep discount, the corridor said in a research report on Thursday.
Core Scientific is the “herd leader” of AI -centered miners, according to the report, with 1.3 Gigawatts (GW) of the available power supply and a 12 -year -old Agreement with Coreweave.
“Bitcoin miners have a finite 12-18 months window to build a hybrid data centers business, while Capex Hipperscaler is still consistent,” wrote the analysts led by Gautam Chugani.
Bernstein said Core Scientific is on the way to fulfill its first cluster of data centers in the first half of the year, and the company continues to buy and develop new energy sites.
The action now quotes closer to the assessments of Bitcoin mining instead of the data center assessments, “despite 70% of its capacity assigned to AI,” according to the report.
Bernstein has a higher performance rating on Core Scientific’s shares with an objective price of $ 17.
The action was 3.8% higher at $ 11.90 in early negotiation.
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