According to Stock Talk (@stocktalkweekly), Needham has raised its price target for Core Scientific ($CORZ) from $16 to $18 while maintaining a 'Buy' rating. The update highlights increasing market confidence in CoreWeave as a counterparty and notes that strong demand for Core Scientific's services is expected to exceed available supply (Source: Stock Talk, June 10, 2025). For traders, this revised target reflects optimism about Core Scientific’s growth potential, driven by robust demand for crypto mining infrastructure. The news underscores continued positive sentiment toward crypto mining equities and could influence broader cryptocurrency market momentum.

According to Stock Talk (@stocktalkweekly), Core Scientific ($CORZ) is attempting to confirm a breakout above its 200-day moving average, displaying clean daily candles indicative of strong price action. Notably, there has been aggressive out-of-the-money (OTM) call option flow, signaling bullish sentiment among institutional traders. However, Stock Talk notes that the volume profile could be stronger for a more convincing breakout confirmation (Source: Stock Talk on Twitter, June 9, 2025). This price action and options activity in $CORZ are significant for cryptocurrency market participants, as Core Scientific is a major bitcoin mining stock. A sustained breakout could signal renewed bullish momentum for mining-related crypto assets.

According to Farside Investors, the latest Bitcoin miner production figures for July 2024 have been released. CleanSpark (CLSK) produced 494 BTC, Riot Platforms (RIOT) mined 370 BTC, Core Scientific (CORZ) generated 411 BTC, Cipher Mining (CIFR) produced 178 BTC, Bitfarms (BITF) mined 253 BTC, HIVE Blockchain (HIVE) generated 116 BTC, TeraWulf (WULF) produced 195 BTC, and Bitdeer (BTDR) mined 181 BTC. The production figures for Marathon Digital (MARA), Iris Energy (IREN), and Hut 8 Mining (HUT) are yet to be reported.