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Core Scientific ($XPDI: $12.85): Back to The ASICs

Key Takeaways

Core Scientific is the largest North American Bitcoin miner and is going public through a SPAC merger with Power & Digital Acquisition Corporation next year.We introduce some of the key economics and considerations when investing in Bitcoin miners and we analyze the competitive environment. We think Core Scientific is a clear leader with enticing competitive advantages, not least of which is its proprietary software stack and IP.We are bullish on Bitcoin and owning stocks that m...

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