The company is Core Scientific!The company is Core Scientific!
A bitcoin miner that declared bankruptcy (which killed its stock price) and had a strong performance on 2024.
I bought this stock because of all the mining stock talk on YouTube in Dec-2023 and January 2024. While I didn’t capture the 900% gain congratulations to the company from emerging from bankruptcy and catching a bid on the market.
Let see what 2025 brings.
Happy investing!
That’s some crazy gains
That is impressive.
I thought they were toast after declaring bankruptcy in December or January, 11 or 12 months ago
Yeah me too but they turned it around
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Both. You never know how a company will emerge from bankruptcy. People who own equity in a company that goes bankrupt has the risk of losing their entire investment. So once they emerged and the bitcoin price was going up they caught a bid on the open market.
Plus if you looked into their numbers they are one of the bigger bitcoin miner companies and fleets. YouTube has two guys I follow who do a great job analyzing these companies and their overall operations
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This guy is good. Down to earth provides information that is easily understood
https://youtube.com/@talkininvesting?si=KJsvAItBbwywDD8Y
This guy is way more in depth. Has spreadsheets you can access with a fee but great overall analysis of the bitcoin miners
https://youtube.com/@sebastianon?si=dx5SI8JG03l91MKG