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Core Scientific Downgraded to Neutral: CoreWeave Deal Sparks Strategic Uncertainty – H.C. Wainwright
Core Scientific Downgraded to Neutral: CoreWeave Deal Sparks Strategic Uncertainty – H.C. Wainwright
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Mining giant Core Scientific just got a reality check from H.C. Wainwright—analysts slash rating to Neutral as the CoreWeave partnership muddies the waters.
Here’s why Wall Street’s shrugging:
The deal’s fine print raises more questions than answers. CoreWeave’s GPU-centric roadmap clashes with Core Scientific’s Bitcoin mining roots, leaving analysts wondering if this is diversification or desperation.
Meanwhile, the market’s verdict? A collective ‘meh.’ Shares barely twitched on the news—because nothing says confidence like institutional investors staying glued to their spreadsheets.
Pro tip: When a mining firm starts pivoting to AI infrastructure, it’s either genius… or a hedge fund’s exit liquidity. Place your bets.
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