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。