Core Scientific's colocation business, which makes up over 80% of its revenue, is driving strong financial performance supported by long-term contracts with clients like AMD and CoreWeave. The company is expected to see significant revenue growth, with FY2026 revenue projected at $671.63 million and EBITDA reaching $194.08 million by FY2028. Despite some customer concentration risk, new contracts and favorable AI market trends support a potential 93% increase in stock price by FY2027. This makes Core Scientific an attractive buy in the expanding AI-driven data center market.
Shares of neocloud companies like TeraWulf, Hut 8, Galaxy Digital, and Core Scientific rose 4-7% following news of a $500 billion financing initiative led by NVIDIA and major Wall Street firms. This funding aims to support AI data center infrastructu...
CoreWeave Inc is set to report its second-quarter earnings with Jefferies maintaining a Buy rating and a $150 price target despite profitability expected only by Q4 2026. The stock has risen about 45% due to strong AI compute demand, with a market ca...
TeraWulf's stock has surged 40.82% in 2026, outperforming peers like Applied Digital, IREN, and Core Scientific, thanks to a significant 20-year lease agreement with Anthropic for a data center campus in Kentucky. This deal is expected to generate ab...
