Core Scientific Stock News

CoreWeave (NASDAQ:CRWV) is in active negotiations to acquire Core Scientific (NASDAQ:CORZ), a bitcoin mining and hosting company, according to a Wall Street Journal report. The report, which cited people familiar with the matter, follows a previously rejected bid by CoreWeave to acquire Core Scientific for $5.75 per share, valuing the company at more than $1 billion.

Bitcoin miner Core Scientific rallies on reports that AI infrastructure provider CoreWeave is making another acquisition attempt.

Core Scientific Inc (NASDAQ: CORZ) soared nearly 30% on Thursday following a WSJ report that CoreWeave Inc (NASDAQ: CRWV) is making another attempt to acquire the bitcoin mining and hosting company.

CoreWeave is in talks to buy Core Scientific and a transaction could be finalized in the coming weeks, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

CoreWeave last year tried to acquire Core Scientific for $5.75 a share, which at the time valued the business at north of $1 billion. Core Scientific rejected the proposal as too low.

Core Scientific is executing a successful transition from Bitcoin mining to high-density AI colocation infrastructure. Take-or-pay agreements confirmed, eliminating concerns about cancellation risk or dependency on fluctuating AI demand. Enterprise AI demand emerging as a major growth driver; pipeline includes 50–100MW prospects beyond CoreWeave.

Bitcoin miners finally join bitcoin's rally after notching a record last week. What is driving the recent surge?

AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ), a leader in digital infrastructure for high-density colocation and bitcoin mining, today announced that CEO Adam Sullivan will present at the TD Cowen 53rd Annual Technology, Media & Telecom Conference on Thursday, May 29th, at 9:40 a.m. ET. A live webcast of the presentation can be accessed by visiting the Investors section ...