Tag: Bitcoin network

BusinessStartups

Core Scientific Stock Upgraded as Standalone Prospects Outweigh Acquisition Hopes

Investment firm Roth Capital Partners has upgraded Core Scientific to buy despite fading acquisition prospects. Analysts suggest the company’s standalone value lies in leasing its substantial power capacity for high-performance computing applications.

Analyst Upgrade Amid Shifting Acquisition Landscape

Roth Capital Partners has reportedly upgraded Core Scientific shares from neutral to buy, according to recent analyst reports, even as the potential acquisition by CoreWeave appears less likely. Analyst Darren Aftahi simultaneously raised his 12-month price target to $23.50 from $17, suggesting a potential 32% gain based on the company’s standalone prospects.

by Aaron Blake
Cryptocurrency RegulationMining and Drilling

Canaan Launches 2.5MW Bitcoin Mining Facility Powered by Flared Gas in Calgary

Cryptocurrency mining firm Canaan has launched an innovative pilot project in Calgary, Canada, building a 2.5MW Bitcoin mining facility powered by flared natural gas. The partnership with Aurora AZ Energy aims to transform wasted energy resources into productive computing power while significantly reducing environmental impact. This initiative represents a growing trend in the crypto mining industry toward more sustainable energy solutions.

Canaan, a Singapore-based cryptocurrency mining company, has announced a groundbreaking initiative to build a 2.5MW Bitcoin mining data center in Calgary, Canada, powered entirely by flared natural gas. This innovative project represents a significant step forward in sustainable cryptocurrency mining practices and energy utilization.

Project Overview and Partnership Details

by Aaron Blake