The digital asset sector is currently witnessing a massive divergence. As of the end of the first week of February, Bitcoin has corrected to approximately $62,000.
Pier Capital sold 504,958 shares of Core Scientific in the fourth quarter. The shares were worth $9.06 million as of the last-disclosed position value.
Sifting the World's Chris DeMuth Jr. shares his strategy for focusing on mispricings, hidden value, and opportunities in overlooked or misunderstood situations. WLFC's asset value is underappreciated; partnerships could monetize up to $800M of its $1B market cap, clarifying true inventory worth.
San Francisco-based Valiant Capital Management increased its position in Core Scientific by 1.68 million shares in the third quarter. The move contributed to a net value change of $34.34 million.
Zurich-based PSquared Asset Management initiated a 405,800-share stake in Core Scientific during the third quarter. The position was worth about $7.28 million as of September 30.
New York City-based DSC Meridian Capital added nearly 1.4 million shares of Core Scientific in the third quarter. The net position change from the previous period was about $25.4 million.
Core Scientific is undergoing a strategic pivot from BTC mining to AI and HPC infrastructure, targeting higher-margin colocation revenue. The terminated CoreWeave acquisition leaves CORZ with a lucrative 12-year, $10B+ contract, providing high revenue visibility and strong margins. Despite high customer concentration and legacy digital asset exposure, I am bullish on CORZ given its aggressive g...
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