Core Scientific Soars on $1B CoreWeave AI Deal and Hosting Agreement
TL;DR Summary
Core Scientific's shares surged by up to 40% in pre-market trading following a 200 MW AI deal with CoreWeave and a reported $1 billion buyout offer from the cloud computing firm. The offer represents a 55% premium to Core Scientific's three-month average share price. CoreWeave also committed $300 million in capital investments for AI services, with potential for further expansion. This development follows a trend of increased mergers and acquisitions in the bitcoin mining sector.
- Bitcoin Miner Core Scientific Surges After AI Deal, Report of Over $1B Buyout Offer From CoreWeave CoinDesk
- Core Scientific to Provide Approximately 200 MW of Infrastructure to Host CoreWeave's High-Performance Computing Services, Capturing Significant AI Compute Opportunity Yahoo Finance
- Bitcoin miners sink millions into AI businesses, seeking billions in return CNBC
- GPU cloud provider CoreWeave makes $1bn offer for cryptomine firm Core Scientific after 200MW hosting deal DatacenterDynamics
- The $1 BILLION Reason Core Scientific (CORZ) Stock Is Soaring Today InvestorPlace
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