CoreWeave's $9B Acquisition of Core Scientific Sparks Market Drop
TL;DR Summary
Crypto stocks experienced significant activity with Core Scientific's shares dropping after a $9 billion acquisition deal with CoreWeave, while Bit Digital shifted to an Ethereum-focused strategy, and IREN reported strong revenue despite lower bitcoin mining. The U.S. House is preparing for 'Crypto Week' to discuss various crypto legislation, amidst stable bitcoin and Ethereum prices. Overall, the crypto sector shows mixed movements with ongoing legislative developments.
- House Preps For Crypto Week; Core Scientific Tumbles; Bit Digital Ditches Bitcoin Investor's Business Daily
- CoreWeave to acquire Core Scientific in $9 billion all-stock deal CNBC
- CoreWeave Just Bought a Bitcoin Miner for $9B -- But It's Not About Crypto Yahoo Finance
- AI data centre group CoreWeave strikes $9bn deal to buy rival Core Scientific Financial Times
- Why CoreWeave plans to buy Core Scientific — and why both stocks are dropping MarketWatch
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