We came across a bullish\u00a0thesis on\u00a0Core Scientific, Inc.\u00a0on\u00a0Value & Momentum Portfolio by Denis D.\u2019s Substack. In this article,\u00a0we will summarize the\u00a0bulls\u2019\u00a0thesis on\u00a0CORZ.\u00a0Core Scientific, Inc.’s\u00a0share was trading at $18.09\u00a0as of\u00a0February 11th.\u00a0CORZ\u2019s\u00a0trailing and forward\u00a0P\/E\u00a0were\u00a077.08 \u00a0and\u00a029.15\u00a0respectively\u00a0according to Yahoo Finance.<\/p>\n Source:Pixabay<\/p>\n Core Scientific, Inc. (CORZ) has evolved from a traditional Bitcoin miner into an emerging AI infrastructure platform, and the market is increasingly valuing it on the potential of its high-performance computing (HPC) transition rather than its legacy fundamentals. Originally founded in 2017, the company now operates across Digital Asset Self-Mining, Digital Asset Hosted Mining, and HPC Hosting, leveraging approximately 1,317 MW of contracted power capacity across key U.S. states.<\/p>\n Its strategic partnership with\u00a0CoreWeave, a leading AI\u00a0hyperscaler, positions Core Scientific as a critical infrastructure provider in the rapidly expanding AI data\u00a0center\u00a0ecosystem. While recent earnings have reflected revenue declines and negative free cash flow as the company pivots away from mining, investors appear focused on the long-term value creation embedded in converting power capacity to recurring, high-margin HPC hosting revenue. The rejection of\u00a0CoreWeave\u2019s\u00a0reported $9B acquisition offer underscores management\u2019s confidence in the standalone upside of its AI-focused transformation.<\/p>\n Analyst sentiment has turned constructive, with multiple upgrades and price targets ranging from the low $20s to $30+, reinforcing the view that successful execution could materially rerate the stock. Recent unusual options activity, including aggressive call buying in early 2026 expiries, signals institutional positioning for further upside. Technically, shares have rebounded sharply from recent lows and are consolidating with improving momentum.<\/p>\n If Core Scientific successfully scales its HPC hosting platform and secures additional hyperscale customers, the transition could unlock substantial recurring cash flows and position the company as a leveraged beneficiary of sustained AI infrastructure demand, offering asymmetric upside relative to current levels.<\/p>\n Previously, we covered a\u00a0bullish thesis<\/b>\u00a0on Applied Digital Corporation (APLD) by DoU92 in December 2024, which highlighted the company\u2019s AI-focused data\u00a0center\u00a0expansion, scalable HPC infrastructure, improving profitability, and undervaluation with significant upside potential. APLD’s stock price has appreciated by approximately 284.55% since our coverage.<\/strong> Denis D. shares a similar but emphasizes on Core Scientific\u2019s large-scale power capacity and HPC transition.<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>