Core Scientific Inc. (NASDAQ:CORZ) is recommended as one of the best bitcoin mining stocks to buy by Hedge Funds. Analysts project a bullish market view with 12 Buy ratings and 1 Hold call, and a 1-year price target of $28.27, suggesting an 81.6% potential upside.

Citizens JMP analyst Gregory Miller upgraded Core Scientific Inc. (NASDAQ:CORZ) to a Buy with a target price of $30, indicating a potential upside of approximately 93% as of December 18.

Core Scientific (NASDAQ:CORZ) is transitioning to AI-enabled data centers to diversify income streams. The company is focusing on partnerships with AI businesses to access data centers quickly. This strategic move aims to attract new customers and reduce reliance on crypto markets.

Core Scientific Inc. (NASDAQ:CORZ) specializes in high-density computing solutions for bitcoin mining. The company hosts mining services for third-party clients and is shifting towards AI-based revenue streams with competitive power pricing.

While CORZ shows promise, other AI stocks may offer greater potential with less risk. For an undervalued AI stock benefiting from current trends, check out the best short-term AI stock.

Read more at Yahoo Finance: Here is Why Core Scientific Inc. (CORZ) is Strongly Favored by Analysts