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Core Scientific's stock price surged 12% due to earnings reports and a $1.2 billion data center expansion plan
According to The Block, NASDAQ-listed company Core Scientific announced an expanded partnership with AI supercomputing company CoreWeave to expand data centers in Denton, Texas, expecting to bring $1.2 billion in contract revenue. In response to this news, the company's stock price rose by 12.29% in after-hours trading, increasing from $10.02 to $11.