Core Scientific is trading 5% up in pre-market at $22.90, extending its sharp rebound after a strategic pivot from Bitcoin mining toward AI and high-performance computing (HPC) infrastructure.
- Investors are reacting to raised 2026 revenue guidance tied to a 15-year, 530 MW colocation partnership with AMD.
- The stock continues to gain momentum following the July 28 earnings call which detailed the company's rapid transition into the AI data center space.
- The rally persists despite a slight downturn in broader cryptocurrency prices, as positive tech sentiment supports the HPC expansion.