Jefferies analyst Jonathan Peterson gave Core Scientific a "buy" rating and a price target of $19. CORZ closed up 6.2 per cent at $14.20. The stock is up more than 300 per cent so far this year. This summer, Core Scientific signed a 12-year deal with AI Hyperscaler CoreWeave that could generate up to $3.50 billion in total revenue. The mining company has already signed three contracts, adding 70MW and 112MW to its first 200MW deal. Jefferies expects a number of large tech companies to keep a close eye on CoreWeave's development, or to stimulate more partnership contracts.