PANews
PANews|Jun 27, 2025 00:04
CoreWeave once again proposes to acquire Bitcoin mining company Core Scientific According to The Block, cloud computing company CoreWeave has once again proposed to acquire Bitcoin mining company Core Scientific, and the transaction may be completed within a few weeks. This is CoreWeave's second attempt at acquisition after its $1 billion ($5.75 per share) offer was rejected in June 2024. Affected by this news, Core Scientific's stock price surged by 28% on the same day, and its market value rose to about 3.6 billion US dollars. Core Scientific went public through a SPAC merger in January 2022, filed for bankruptcy protection in December of the same year due to the Bitcoin crash, and re listed on NASDAQ after completing its restructuring last year. The two companies have previously signed a multi-year cooperation agreement, under which Core Scientific will provide CoreWeave with approximately 200 megawatts of infrastructure to support its high-performance computing services. If this acquisition is successful, it will accelerate the integration process of AI and cryptocurrency mining infrastructure.
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