Canaccord analyst Joseph Vafi raised the firm’s price target on Core Scientific (CORZ) to $20 from $17 and keeps a Buy rating on the shares. The firm said with merger headlines fully in the rearview mirror, at least for now, CORZ is moving forward with its organic growth plan. Canaccord said they are to see progress across several fronts, including a material new site acquisition in Texas, power capacity being added at existing facilities, and commentary that the full power portfolio will ultimately transition from BTC mining to AI hosting.
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