Jim Cramer on Core Scientific: "We're Done With That One"

Core Scientific, Inc. (NASDAQ:CORZ) is one of the stocks that Jim Cramer spoke about. A caller asked for Cramer’s thoughts on the company, and he commented:

“Well, I think Core Scientific’s kind of happened already. You know, there’s nothing there to be able to do, I mean, we’re done with that one. I do think that, I did like it very much, though.”

Core Scientific (NASDAQ:CORZ) provides digital asset mining and hosting services, operating its own mining fleet and providing infrastructure, software, and maintenance for blockchain networks. Additionally, the company supplies power, repairs, and mining equipment to customers. During the July 9 episode, Cramer suggested a caller to “ring the register,” as he said:

“Well, but you know… remember, they’re selling themselves to CoreWeave, so you can just sell it tomorrow and ring the register. Why not ring the register? You’re not an arbitrageur and neither am I.”

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Disclosure: None. This article is originally published at Insider Monkey.