Insights 
VT 
Core Scientific Inc. is a key player in the North American Bitcoin mining sector, known for its efficient infrastructure. As the digital asset sector grows, Core Scientific has shown strong performance, indicating a positive trend for mining.
Analysis of the Elliott Wave pattern reveals precise price movements and targets for Core Scientific. A three-wave zigzag correction marked Wave ((2)) at $6.20 in April 2025, leading to new highs and an ongoing bullish sequence.
The company is advancing in Wave (3) of ((3)), needing at least three more upward swings. The stock is expected to rise to $24.40 – $31.90, with a strong impulse wave in progress.
The bullish pattern is evident in the daily cycle. Investors are advised to enter after correcting phases, such as 3, 7, or 11-swing corrections, using the Elliott Wave strategy. The Blue Box system helps identify these entry points accurately, providing a strategy for capitalising on the next upward movement.
The bullish sequence we see in Core Scientific is unfolding within a very strong crypto market. With Bitcoin holding firm above $115,000 in October 2025, the environment is ideal for efficient miners. This powerful backdrop supports the view that the stock’s upward momentum is just beginning.
Given that the stock is in the most powerful phase of its advance, call options offer a way to capitalize on the expected move toward the $24.40 to $31.90 target zone. We are looking at this rally from the April 2025 lows near $6.20 as the primary driver. Traders could consider call options with expiration dates in early 2026 to allow time for this pattern to fully play out.
For those looking for a more conservative approach or to generate income, selling cash-secured puts on any dip is a prudent strategy. This aligns with the idea of using pullbacks to build a position. A minor correction, which is normal even in strong uptrends, would present an ideal opportunity to collect premium at a strike price where one is comfortable owning the shares.
This outlook is supported by strong industry fundamentals we have seen throughout 2025. The Bitcoin network hash rate has surged past 1,200 EH/s, yet profitability remains high with hash prices consistently over $120 per petahash per day. This indicates that efficient miners like CORZ are operating in a highly favorable revenue environment.
We can look to the previous cycle for context on how quickly these stocks can move. Following the 2020 halving, mining stocks experienced explosive growth well into 2021, a pattern which appears to be repeating now. The current structure suggests the most aggressive part of this post-halving rally is still ahead of us.
