Core Scientific: Buying This AI Data Center Winner Into Recent Weakness
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The Software Side of Life5.31K FollowersFollow5ShareSavePlay(10min)CommentsSummaryCore Scientific is undergoing a strategic pivot from BTC mining to AI and HPC infrastructure, targeting higher-margin colocation revenue.The terminated CoreWeave acquisition leaves CORZ with a lucrative 12-year, $10B+ contract, providing high revenue visibility and strong margins.Despite high customer concentration and legacy digital asset exposure, I am bullish on CORZ given its aggressive growth ambitions and undervalued status.A positive update on new colocation customers and CRWV execution in the next earnings report could catalyze stock appreciation from current levels. Eoneren/E+ via Getty Images Core Scientific (CORZ) has been on a massive business transformation over the past several years. What was once a Bitcoin-focused miner, the company has quickly pivoted to help support the AI infrastructure build-out. Add in the potentialThis article was written byThe Software Side of Life5.31K FollowersFollowIndividual investor with hands-on experience in the equity markets. Largely focusing on Tech companies or major mispricings in the market.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.