Core Scientific is trading 4.1% down today at $20.92 as a broader decline in cryptocurrency markets and post-rally consolidation pressure the stock.
- Bitcoin and Ethereum have both fallen more than 3%, weighing on the crypto mining sector and related equities.
- Shares are pulling back after a 20% surge on July 30 following a positive earnings report and a new AI infrastructure partnership with AMD.
- Investors are reassessing the company's heavy capital requirements and long-term build-out timelines for its infrastructure projects.