Core Scientific price target lowered to $16 from $20 at Cantor Fitzgerald

Cantor Fitzgerald analyst Brett Knoblauch lowered the firm’s price target on Core Scientific (CORZ) to $16 from $20 and keeps a Neutral rating on the shares. Core Scientific mined 247 Bitcoin or 8.0 Bitcoin per day in March, representing an increase from the 215 Bitcoin mined, or 7.7 Bitcoin mined per day, in February, while the energized hash rate declined for the seventh straight month to 18.1 EH/S from 18.4 EH/S the month prior, the analyst tells investors in a research note. The firm says risk/reward is very attractive at current levels.