H.C. Wainwright has upgraded the rating of Bitcoin miner Core Scientific to “Buy” in response to a surge in demand for AI data centers. The upgrade reflects a positive outlook for the company, driven by the increasing adoption of artificial intelligence technologies. Analysts believe that Core Scientific is well-positioned to benefit from this trend as the demand for data processing and storage continues to grow. This change in rating emphasizes confidence in Core Scientific’s strategy to expand its operations in the AI sector. Investors are encouraged to consider the potential for increased revenue as the company aligns itself with evolving technological needs.
