📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
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🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
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Cantor Fitzgerald: CoreWeave acquisition deal could push Core Scientific's stock price up to over $30, doubling it.
Gate News bot news, Cantor Fitzgerald stated in a research report released later on Thursday that if cloud computing giant CoreWeave acquires Core Scientific (CORZ), its stock price could exceed $30 per share, due to the long-term cash flow from its AI contracts and the reset value of the data centers.
This is equivalent to the current stock price of slightly above 16 dollars nearly doubling.
Just a few hours before this report was released, The Wall Street Journal reported that CoreWeave is in deep negotiations for the acquisition of Core Scientific. Previously, the company had made an acquisition offer of $5.75 per share in 2024, but it ultimately did not succeed.
The CORZ stock price rose 33% on Thursday, closing above $16, but Cantor believes that the offer still undervalues the company by at least 50%.
The core of this bullish sentiment lies in Core Scientific signing a 12-year, $3.5 billion infrastructure leasing agreement with CoreWeave in 2024, which will provide 200 megawatts of artificial intelligence capacity.
Cantor's traditional data center real estate investment trust (REIT) commonly has a conservative estimate of a 15 times profit multiple, with rental income of $24 per share. Coupled with the reset value of the CORZ 570MW power infrastructure (at $11.70 per share), its upside potential becomes clear.
The emerging company Rittenhouse Research, focused on fintech and artificial intelligence, released a report in May indicating that the most successful cryptocurrency companies are not doubling down on Bitcoin. Instead, they are transforming into providers of artificial intelligence infrastructure.