🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
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.