On June 23, Core Scientific fell 6.94% in pre-market trading, trading at $27.7532/share, with turnover of approximately $58,300.

On the news front, multiple industry research reports have highlighted that Bitcoin network mining difficulty has dropped over 20% from its historical high, marking the largest decline in recent years, forcing companies like Core Scientific to accelerate their pivot toward AI and high-performance computing. However, the transition faces a substantial funding shortfall — the industry confronts approximately $50 billion in short-term capital needs and up to $221 billion in long-term requirements. Currently, only about 25% of AI computing resources have been secured through leasing, and companies missing critical deployment milestones face rating downgrade risks. Additionally, market concerns persist that a potential AI bubble burst could trigger simultaneous sell-offs in both Bitcoin and AI-linked assets, further compressing valuations of related stocks.

Within the Application Software sector, among individual stocks, Palantir Technologies down 0.64%, AppLovin down 0.21%, Salesforce.com up 0.99%, Strategy down 2.73%, IREN Ltd down 4.59%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)