We recently published a list of These 10 Stocks Are On Fire Right Now. In this article, we are going to take a look at where Core Scientific Inc. (NASDAQ:CORZ) stands against other Wednesday’s best-performing stocks.
Core Scientific extended its winning streak to a third consecutive day on Wednesday, jumping 6.44 percent to end at $12.56 apiece as investors continued to load up portfolios while digesting the potential impact of a new lawsuit against the company.
Scientific researchers in laboratory coats working on a biopharmaceutical project.
According to a report by Cointelegraph, Malikie Innovations—a company that hoarded thousands of patents from Blackberry in 2023—sued Bitcoin miners Core Scientific Inc. and MARA Holdings Inc. for using their Elliptic Curve Cryptography (ECC), which it claims to own.
According to Malikie, the two firms are using ECC-based cryptographic methods covered under the Malikie-held patents to support their Bitcoin mining operations.
What particularly buoyed sentiment was a lawyer’s optimistic comment that the lawsuit is unlikely to hit individual Bitcoin traders even if the patents are found to be valid.
Core Scientific Inc. and MARA Holdings Inc. have yet to address allegations.
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This article is originally published at Insider Monkey.
