Why Core Scientific Inc. (CORZ) Soared Last Week
From Yahoo Finance: 2025-04-26 14:04:00
Last week, Core Scientific Inc. (NASDAQ:CORZ) saw a 25.3% increase in its stock price, closing at $8.31 on Friday. Investor confidence was boosted by news of higher Bitcoin production, with the company self-mining 247 Bitcoins by the end of March, up 15% from February.
Core Scientific Inc. (NASDAQ:CORZ) also announced plans to expand its footprint in Dalton, Georgia, with the development of an AI data center called Dalton 4 on an additional 170 acres of land. Another facility is expected to be built in the future, positioning the company for further growth.
Core Scientific Inc. (CORZ) ranks 5th on the list of firms that recorded double-digit gains last week. While CORZ shows promise as an investment, our confidence lies in the potential of AI stocks to deliver higher returns in a shorter time frame. Check out our report on the cheapest AI stock for a promising investment opportunity.