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CORZ Has Major Upside Following Failed CRWV Takeover

Macquarie has upgraded Core Scientific (CORZ) from neutral to outperform, raising its price target to $34 after the failed merger with CoreWeave (CRWV). This outcome is perceived positively, granting Core Scientific more flexibility in leasing its power capacity to AI tenants. The failure of the merger, which faced shareholder opposition, is seen as pivotal in allowing Core Scientific to diversify its revenue. Analysts noted that the company’s portfolio includes 1.5 gigawatts of power capacity, with plans to sign new colocation customers by the end of the year. The bank Jefferies also emphasized this pivot, highlighting the opportunity to move away from dependence on CoreWeave. The positive market reaction saw Core Scientific shares rise by 4.5% in early trading, reflecting investor confidence in the firm's potential to grow its data center business and attract new tenants.

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FTX News: Sam Bankman-Fried's Appeals Court Hearing Saw Skeptical Judges

During a recent hearing at the Second Circuit Court of Appeals, the judges expressed skepticism towards Sam Bankman-Fried's attempts to secure a new trial following his criminal conviction. Bankman-Fried's attorney, Alexandra Shapiro, argued that the trial judge, Lewis Kaplan, exhibited bias and did not allow key

FTX News: Sam Bankman-Fried's Appeals Court Hearing Saw Skeptical Judges

This week, the Second Circuit Court of Appeals held a hearing on Sam Bankman-Fried's appeal of his criminal conviction. The judges expressed significant skepticism toward his attorney's arguments that he deserved a new trial due to alleged bias from the trial judge, Lewis Kaplan. Bankman-Fried'

FTX News: Sam Bankman-Fried's Appeals Court Hearing Saw Skeptical Judges

Sam Bankman-Fried's appeal against his criminal conviction was heard by the Second Circuit Court of Appeals, with judges expressing skepticism towards his arguments. His attorney, Alexandra Shapiro, contended that Bankman-Fried did not receive a fair trial and that Judge Lewis Kaplan was biased against him. The appeal requested