CoreWeave Eyes Core Scientific Acquisition
CoreWeave Renews Acquisition Talks With Core Scientific
Cloud and AI infrastructure provider CoreWeave (CRWV) is reportedly in renewed talks to acquire bitcoin miner Core Scientific (CORZ), according to the Wall Street Journal. This follows an unsuccessful attempt to purchase Core Scientific roughly a year ago.
While specific terms haven't been disclosed, the Wall Street Journal suggests a deal could be finalized within the coming weeks. This news sent Core Scientific's stock price soaring, up 25% on the day of the report and currently trading above $15 per share, a significant increase from the $5.75 per share proposed acquisition price last year (approximately $1 billion).
Market Reaction and Other Miners
The potential acquisition is not only impacting Core Scientific's stock price. Other miners, including Hut 8 (HUT), IREN (IREN), and Cipher Mining (CIFR), also experienced upward movement, although not to the same extent as CORZ.
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