Overview
- Analyst reports compiled in mid-July show renewed bullishness with Lucid Capital reinitiating coverage at a $40 target and BTIG raising its target to $38, both keeping Buy ratings.
- Those upgrades reflect a wider market view that data centers need faster access to large power loads to host AI and high-performance computing racks.
- Core Scientific has shifted from operating bitcoin mines to providing power shells and modular high-density data centers that rent space to GPU cloud and colocation customers.
- Lucid Capital told investors that Core Scientific has cash to cover the equity for a 1GW IT load and cited a short-term Hunt County lease as a way to reduce single-tenant risk, but those points come from analyst reports rather than company filings.
- The company’s stock and funding moves show momentum—shares rose sharply in the first half of 2026 and the firm reported a multi-gigawatt power pipeline and recent bond raises—yet capital intensity, tenant concentration, and unclear unit economics remain material risks to watch.