10 Best Low Cost Stocks to Buy According to Billionaires

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

No. of Billionaires: 9

Total Value of Billionaire Holdings: $0.09 Billion

A leading provider of blockchain infrastructure and digital asset mining services in North America, Core Scientific, Inc. (NASDAQ:CORZ) operates high-performance data centers from its headquarters in Texas. The company focuses on Bitcoin mining and hosting services for institutional clients. Riot Platforms and Marathon Digital pose tough competition for the company. However, by leveraging vertically integrated operations, proprietary software, and energy-efficient facilities, Core Scientific generates market share. The company’s strategic power contracts support its resilience amid market volatility.

Insider Monkey database recorded nine billionaires supporting Core Scientific, Inc. (NASDAQ:CORZ), with a total investment of $0.09 billion. The company incurred a net loss of $265.5 million in the fourth quarter of 2024 despite achieving a total revenue of $510.7 million. However, securing the landmark HPC contract with Coreweave translates positively among investors and analysts. The total revenue potential anticipated by Core Scientific from this contract amounts to $8.7 billion in the next 12 years. Additionally, reducing the debt by $270 million through Chapter 11 debt restructuring and completing a $625 million convertible note offering at a 0% interest rate improved the financial position of the company, gaining a positive outlook.

Core Scientific, Inc. (NASDAQ:CORZ) is present in 66 hedge fund portfolios, as per Insider Monkey’s Q4 2024 database, representing high institutional confidence. With a projected upside of 171.59%, the company has gained a Buy rating from investors, standing out as one of the best cheap stocks to buy.