10 Best Bitcoin and Blockchain Stocks To Buy Right Now

2. Core Scientific, Inc. (NASDAQ:CORZ)

Number of Hedge Fund Holders: 58

Core Scientific, Inc. (NASDAQ:CORZ) is a leader in digital infrastructure for Bitcoin mining and high-performance computing. The firm has scaled its operations over the years to be the first digital asset miner in North America to achieve 100, 250, and 500 megawatts of operating capacity. The firm engages in Bitcoin mining and offers hosting services for Bitcoin mining and high-performance computing customers at its nine operational data centers.

The market position of Core Scientific remains strong as one of the largest bitcoin miners in North America. The firm has been a top producer of bitcoin among public self-mining peers since 2021. The firm’s largest owned infrastructure capacity for Bitcoin mining and hosting in North America positions it for continued growth and market leadership.

Core Scientific, Inc. (NASDAQ:CORZ) is also uniquely positioned to capitalize on the strong and sustained demand for high-power data center capacity. The firm has successfully contracted nearly 500 megawatts of revenue-generating critical IT load, that it expects to generate $8.7 billion over the life of the contracts. CORZ has also reallocated 100 megawatts of infrastructure previously designated for bitcoin mining to its HPC business thereby raising its total HPC hosting capacity to 800 megawatts with 400 megawatts designated to the firm’s bitcoin mining business.