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!

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94 sats \ 0 replies \ @LowK3y19 31 Dec 2024

That’s some crazy gains

78 sats \ 0 replies \ @grayruby 31 Dec 2024

That is impressive.

48 sats \ 1 reply \ @Bell_curve 31 Dec 2024

I thought they were toast after declaring bankruptcy in December or January, 11 or 12 months ago

11 sats \ 0 replies \ @BlokchainB OP 1 Jan

Yeah me too but they turned it around

47 sats \ 3 replies \ @brandonsbytes 21h

was this all driven by the bitcoin price surge? or did it actually do something to warrant a turn around?

21 sats \ 2 replies \ @BlokchainB OP 20h

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

125 sats \ 1 reply \ @brandonsbytes 20h

who are the guys on YouTube?

21 sats \ 0 replies \ @BlokchainB OP 20h

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