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Ai Deal

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businesstechnology1 year ago

Core Scientific Soars on $1B CoreWeave AI Deal and Hosting Agreement

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.