CoreWeave has agreed to acquire Core Scientific in an all-stock deal that values the bitcoin miner at about $9 billion. Under the terms, each Core Scientific share will convert into 0.1235 CoreWeave Class A shares, reflecting a 66% premium to…
Bitcoin Mining firm Core Scientific rejected a $1 billion takeover bid
Bitcoin miner Core Scientific Inc. has made headlines by rejecting a $1 billion takeover offer from the artificial intelligence startup CoreWeave Inc. This decision comes just days after both companies announced a partnership aimed at generating approximately $3.5 billion in…
Core Scientific ( Bitcoin Mining) Shares Surge 40% on CoreWeave Buyout Offer
Cloud computing provider CoreWeave recently made headlines with a substantial offer to purchase bitcoin miner Core Scientific for $5.75 per share. This significant proposal has resulted in Core Scientific’s (CORZ) shares surging by up to 40% in pre-market trading. The…
Core Scientific Partners with CoreWeave for Data Center Expansion and GPU Cloud Services
Core Scientific, Inc. (Nasdaq: CORZ), has announced a monumental multi-year contract with CoreWeave, the frontrunner in specialized GPU cloud services. This partnership is poised to enhance Core Scientific’s data center capabilities by supplying up to 16 MW of infrastructure to…