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Core Scientific Secures $1B Financing For AI Datacenters
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Core Scientific Inc. secured $1 billion in financing to accelerate its pivot to AI data centers, lifting its Benzinga Edge momentum score to 91.00 week-over-week. The funding includes an initial $500 million from Morgan Stanley and coincides with BTIG upgrading the stock to Buy with a $23 price target. The company’s valuation metrics (about $4 million per megawatt versus $7 million peers) and a 106.95% year-over-year gain highlight investor interest.
Scoring Rationale
Strong $1B financing and analyst upgrade drive relevance, but company-level scope and single-source coverage limit broader impact.
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