Bitcoin miner Core Scientific has been upgraded to a ‘Buy’ rating by B. Riley, citing increased momentum in high-performance computing (HPC). This upgrade reflects the growing interest in HPC technologies, which are becoming increasingly relevant in various sectors, including cryptocurrency mining. Analysts believe that the advancements and demand for HPC can positively impact Core Scientific’s operations and profitability. As the market for HPC continues to evolve, experts anticipate that companies like Core Scientific may benefit from this trend as they enhance their capabilities in mining and data processing. Investors should monitor how these developments influence Core Scientific’s performance going forward.
