CORZ is a re-rating candidate because its power pipeline can convert into contracted HPC/AI cash flows, with valuation discount and M&A optionality creating multiple expansion.
Regulatory and interconnection scrutiny creates timing risk for CORZ's 2027 power delivery, with mixed ERCOT outcomes leaving some capacity uncertain.
UBS initiated a Buy rating on Miners, noting that the five AI-colocation names already control approximately 50GW of leased capacity, representing about $125 billion of contracted revenue, with an additional 12GW of expansion opportunity.
UBS models approximately 80% average EBITDA growth from 2027–29, with 2029 estimates about 10% above Street, and sees approximately 36% average upside as companies convert power pipelines into long-term contracted cash flows.
HUT/WULF/APLD/CORZ/CIFR: UBS initiates Buy on Miners, sees time-to-power driving multi-year contracted growth
The company had mixed outcomes with some capacity left as conditional studied load in the ERCOT Batch Zero process.
Texas' audit of the ~474GW interconnection queue is a broad headwind to construction timelines, though projects with signed tenants and proven developers should be best positioned.
HUT/IREN/GLXY/CORZ/CIFR: Jefferies says ERCOT Batch Zero de-risks some 2027 power, but scrutiny remains a meaningful timing risk HUT/IREN/GLXY/CORZ/CIFR Jefferies ERCOT
BTIG upgraded Core Scientific to Buy with a $23 price target, expecting the stock to reaccelerate after being sidelined by the abandoned CoreWeave merger.
The firm argues that valuation looks compelling, especially given the company's early pivot from crypto mining to HPC/AI power infrastructure, despite recent underperformance.
Improving fundamentals are highlighted as CORZ ramps its 590MW CoreWeave contract, with over 120MW already online, and additional HPC colocation wins are expected in 2026.
Existing power assets are becoming increasingly valuable as hyperscaler demand broadens.
The termination of the CoreWeave merger allows the company to independently monetize its valuable power pipeline and data-center footprint.
CORZ/CRWV: Cantor Says Core Scientific Could Be Worth $30+ in CRWV Takeout, Sees Strong ROI for Buyer CORZ/CRWV Cantor Core Scientific CRWV
Cantor Fitzgerald believes Core Scientific could command over $30 per share in a potential acquisition by CRWV, based on infrastructure value and lease economics. Following WSJ reports of advanced deal talks, Cantor notes that CRWV's prior $5.75/share bid i...
based on a 15x multiple on CORZ’s energized profit and estimates an additional ~$11.70/share tied to infrastructure value. If CRWV uses stock instead of cash, the price could move higher. In total, Cantor sees the deal as ROI-accretive for CoreWeave and bel...
Jefferies believes a potential acquisition of CORZ by CRWV would be strategically sound, enabling vertical integration, reduced opex, and expansion of CRWV’s data center pipeline. The firm estimates a takeout value of $16–$23 per share for CORZ and maintain...
Research through 2026-09-23 · 2025-06-27 to 2026-09-23 · 5 source reports.
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Research through 2026-11-03. Artifact validity does not establish factual accuracy or research freshness.