- Over 10% of Bitcoin's blockchain network is run by Core Scientific. The ascent of Core Scientific marks the maturation and institutionalization of Bitcoin.
- Core Scientific could exceed $700M in EBITDA for FY22. It is currently valued at $2.7B despite being larger than Marathon Digital, Riot Blockchain, and Stronghold Digital Mining combined.
- Questionable allegations from a short seller have created an even more attractive entry, with 10M shares sold short (4x-10x daily volume) at a time when Bitcoin is rallying rapidly.
- Bitcoin mining has created a robust foundation that we anticipate will anchor the cryptocurrency ecosystem, with Core Scientific poised to provide industry leadership.
- Core Scientific has attracted an impressive list of talent from Microsoft, Wall Street, and Silicon Valley. It went public with backing from BlackRock.
For further details see:
How Core Scientific Became The King Of Bitcoin