From Yahoo Finance: 2025-06-04 23:59:00

Core Scientific Inc. (CORZ) saw a 6.44% increase in stock price on Wednesday, reaching $12.56 amid a three-day winning streak. The surge comes as investors consider the impact of a lawsuit against the company by Malikie Innovations, which claims Core Scientific is using their Elliptic Curve Cryptography patents for Bitcoin mining operations.

Malikie Innovations, a company with patents acquired from Blackberry, has filed a lawsuit against Core Scientific Inc. (CORZ) and MARA Holdings Inc. for allegedly using their Elliptic Curve Cryptography (ECC) without permission. The lawsuit claims the two firms are utilizing ECC-based cryptographic methods covered by patents held by Malikie.

Despite the lawsuit, a lawyer mentioned that individual Bitcoin traders may not be affected even if the patents are found to be valid. Core Scientific Inc. (CORZ) and MARA Holdings Inc. have not yet responded to the allegations, leaving investors uncertain about the potential impact on their operations and stock performance.



Read more at Yahoo Finance: Why Core Scientific Inc. (CORZ) Skyrocketed Today