Macquarie Cuts Core Scientific Price Target to $25 From $38
Macquarie lowered its price target on bitcoin miner Core Scientific to $25 a share from $38, Dow Jones Newswires reports, citing Benzinga ratings data.
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what happened
Analysts at Macquarie cut their price target on Core Scientific to $25 a share from $38, according to Dow Jones Newswires. The information comes from a ratings roundup published by Benzinga.
As a bitcoin miner, Core Scientific's shares typically respond to the BTC price, electricity costs and network difficulty. The report itself contains only a link to the ratings page and gives no reasoning behind the analyst's decision.
why it matters
For miners, the key drivers remain hashrate profitability, power costs and the bitcoin price. A lower price target reflects the analyst's revised valuation rather than necessarily a new development at the company.
tags
instruments
sources
- Core Scientific Price Target Cut to $25.00/Share From $38.00 by Macquarie — Dow Jones Newswires, 7 November 2026 at 03:42 UTC
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