27.06.2025 10:27

CoreWeave, a prominent cloud and artificial intelligence infrastructure provider, is reportedly engaged in renewed acquisition talks with Core Scientific (CORZ), a significant Bitcoin mining company. This follows a previous unsuccessful attempt last year to purchase Core Scientific. The Wall Street Journal, reporting on this development, indicates that while specific terms remain undisclosed, a potential agreement could materialize within the next few weeks.

The previous acquisition bid by CoreWeave, made approximately a year prior, valued Core Scientific at $5.75 per share, representing a total of roughly $1 billion. However, the current market sentiment surrounding this renewed interest is significantly more positive.

Today's announcement has driven a substantial 25% surge in Core Scientific's share price, pushing it above $15 per share. This upward trend isn't isolated to Core Scientific; other Bitcoin mining companies, including Hut 8, IREN, and Cipher Mining, have also experienced price increases, though far less dramatic than Core Scientific's remarkable rise. The news suggests a renewed wave of optimism in the cryptocurrency mining sector, potentially fueled by CoreWeave's renewed interest in acquiring Core Scientific. This information comes from internet sources.