Core Scientific, a leading bitcoin mining and hosting company, announced a decrease in self-mined bitcoin during August due to operational changes and increased network difficulty. The company is actively preparing its facilities for high-performance computing (HPC) contracts and optimizing its bitcoin mining operations.
Needham analyst John Todaro initiated coverage on TeraWulf Inc (WULF) with a Buy rating and a $6 price target, citing the company’s potential in the high-margin High-Performance Computing (HPC) market. Todaro believes TeraWulf is well-positioned to capitalize on this growing market with its existing data center infrastructure and plans to bring a 100MW+ site online for HPC. He expects TeraWulf to generate significant revenue from HPC in the coming years, leading to attractive margins.
Bit Digital, a cryptocurrency mining company, reported its second-quarter earnings, showing a significant increase in revenue driven by its new high-performance computing (HPC) business. However, the company also reported wider losses compared to analyst expectations. The company’s stock rose slightly in after-hours trading.
