Bitcoin Miners ‘Sitting on a Gold Mine' as AI Demand Ramps Up: VanEck [Yahoo! Finance]
Core Scientific, Inc. (CORZ)
Company Research
Source: Yahoo! Finance
VanEck's head of digital asset research, Matthew Sigel, said Bitcoin miners are uniquely positioned to benefit from a global scramble for electricity and computing power, arguing the sector has underappreciated upside as AI demand accelerates. Speaking on CNBC 's Squawk Box, Sigel said miners have been “aggressively diversifying” their Bitcoin capacity to serve the AI market. “These miners were early to identify that they were sitting on a gold mine in terms of the cost of capital that they can earn by pivoting,” he said, noting that Bitcoin mining firms “still trade at a huge discount to other data center peers on a market cap to megawatt basis.” Sigel argued that Bitcoin mining firms are becoming more relevant to grid management because they can curtail power usage during peak demand. “It's a really useful load balancing tool,” he said, pointing to increased demand on the grid from reshoring, AI and even defense applications. “The way that missiles are shot out of the sky now
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CORZ
News
- Galaxy Digital Trims Its Core Scientific Stake by $4.8 Million -- but Still Holds Plenty [Yahoo! Finance]Yahoo! Finance
- JPMorgan, Morgan Stanley provide $1B credit to Bitcoin miner [Yahoo! Finance]Yahoo! Finance
- MARA Holdings Seeks steadier AI Revenue With Starwood Data Center Pivot [Yahoo! Finance]Yahoo! Finance
- Core Scientific Expands Strategic Financing Facility to $1 Billion with Additional $500 Million Commitment from J.P. MorganBusiness Wire
- Core Scientific Stock Up 84% as Fund Cuts Stake by $8.6 Million [Yahoo! Finance]Yahoo! Finance
CORZ
Earnings
- 3/2/26 - Beat
CORZ
Sec Filings
- 3/27/26 - Form 4/A
- 3/26/26 - Form SCHEDULE
- 3/23/26 - Form 8-K
- CORZ's page on the SEC website