Core Scientific, Inc. (NASDAQ:CORZW – Get Free Report) shares shot up 1.6% on Monday. The company traded as high as $10.03 and last traded at $9.96. Approximately 45,597 shares traded hands during trading, a decline of 80% from the average daily volume of 232,909 shares. The stock had previously closed at $9.80.
Core Scientific Stock Performance
The firm’s 50-day moving average is $11.63 and its 200-day moving average is $14.42.
About Core Scientific
Core Scientific, Inc is a digital infrastructure company that operates data centers supporting bitcoin mining and high-performance computing. The company develops and manages large-scale facilities with specialized power, cooling and network infrastructure designed for energy-intensive computing operations.
Historically, Core Scientific was primarily focused on cryptocurrency mining and also provided hosting services to other digital-asset miners. Its business has increasingly expanded toward hosting artificial intelligence and other high-performance computing workloads, using its data-center capacity and power resources to serve technology customers.
Core Scientific operates facilities in multiple U.S.
Further Reading
- Five stocks we like better than Core Scientific
- Could Velo3D Be the Next Defense Buyout Target?
- Penguin Solutions Is Soaring as AI Memory Demand Explodes
- Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
- Morgan Stanley Is Bullish on Apple—But With a Catch
Receive News & Ratings for Core Scientific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core Scientific and related companies with MarketBeat.com's FREE daily email newsletter.
