Core Scientific Analyst Emphasizes 'Access To Power' In Bitcoin Mining Assets - Deal With CoreWeave Under Focus
Core Scientific Analyst Emphasizes 'Access To Power' In Bitcoin Mining Assets - Deal With CoreWeave Under Focus
Cantor Fitzgerald analyst Brett Knoblauch initiated coverage on Core Scientific, Inc. (NASDAQ:CORZ), with a price forecast of $20.
康德菲茨杰(Cantor Fitzgerald)的分析师布雷特·诺布洛赫(Brett Knoblauch)对Core Scientific,Inc.(NASDAQ:CORZ)进行了覆盖,并给出了20美元的价格预测。
According to the analyst, Bitcoin miners currently have one of the most coveted assets in the world – access to power.
据分析师称,比特币矿工目前拥有世界上最珍贵的资产之一:访问电源。
In June 2024, Core Scientific announced a deal with CoreWeave (private), following which shares went up meaningfully.
2024年6月,Core Scientific宣布与CoreWeave(私人公司)达成协议,其后股价明显上涨。
With CoreWeave, Core Scientific was the first Bitcoin miner to sign a meaningful AI/HPC deal.
Core Scientific与CoreWeave签署了有意义的人工智能/高性能计算协议,成为第一个这样做的比特币矿工。
In what has now been extended, CoreWeave will lease 270 MW from Core Scientific for 12 years, and pay the company a total of $4.725 billion over that duration, amounting to ~$1.45 million per MW.
此前已经达成的协议现已得到扩展,CoreWeave将从Core Scientific租用270兆瓦电力,租期为12年,并在此期间向公司总付款47.25亿美元,平均每兆瓦约145万美元。
Also Read: Block and Core Scientific Enter Supply Agreement for Mining ASICs
还阅读:区块和科尔科学进入采矿ASIC供应协议
What is most differentiated about this deal that other miners will not be able to replicate is the fact that CoreWeave will fund the entire capex buildout itself (~$1.3 billion).
此协议最大的差异是其他矿工无法复制此举,CoreWeave将资助整个资本支出建设(约13亿美元)。
Per the analyst, this is effectively an interest-free loan for CoreWeave, which can use the annuity like revenue stream to fund additional capacity expansion, and to potentially lever up the business to maximize equity returns.
根据分析师的说法,这实际上是CoreWeave的无息贷款,可以利用类似年金的收入流来资助额外的产能扩张,并潜在杠杆化业务以最大限度地提高股本回报。
Core Scientific has earmarked an additional 322 MW for AI/HPC, which could generate an additional $335 million in annual revenue and $268 million in annual profits.
Core Scientific已为人工智能/高性能计算额外划拨了322兆瓦电力,预计每年可产生33500万美元的额外营业收入和26800万美元的年利润。
Long term – the analyst sees the potential for shares to be multiples higher than the current price target.
长期而言,分析师认为股票可能比当前的价格目标高出几倍。
Price Action: CORZ shares are trading lower by 5.17% to $11.10 at last check Wednesday.
股价走势:截至上周三最后检查时,CORZ股票下跌5.17%,至11.10美元。