Core

Bitcoin

<a href="https://ultramining.com/news/en/bitcoin-mining-giant-core-scientific-prepares-for-post-bankruptcy-comeback/" rel="noopener noreferrer nofollow">Core Scientific</a>, one of the world's largest <a href="https://ultramining.com/news/en/russias-bitcoin-gold-rush-mining-machine-influx-outpaces-rest-of-the-world/" rel="noopener noreferrer nofollow">Bitcoin miners</a>, has shown impressive growth after exiting bankruptcy. The company's stock has surged nearly 260% since relisting, indicating a restoration of investor confidence. In January, Core Scientific successfully completed Chapter 11 proceedings and returned to the stock market. The stock's rise is largely due to the recovery of <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">Bitcoin's price</a>, which had fallen to $16,000 in December 2022 but has since significantly rebounded. The company also pivoted to a high-performance computing (HPC) model, servicing data center demand for artificial intelligence, providing a long-term and predictable revenue stream.

Core Scientific’s Stock Surges Nearly 260% After Exiting Bankruptcy

Ultramining_Eng

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