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Corescientific

All articles tagged with #corescientific

business2 months ago•2 min saved

Core Scientific Shareholders Reject $9B CoreWeave Merger

Core Scientific shareholders rejected a $9 billion all-stock merger with AI computing company CoreWeave, ending the potential deal. The rejection caused CoreWeave's shares to dip and Core Scientific's shares to rise. The deal involved providing CoreScientific with advanced mining chips from Block, but investors believed it undervalued the miner amid challenging profitability conditions in Bitcoin mining and the shift towards AI data centers.

via Decrypt|

#ai-computing #bitcoin #business

business2 months ago•2 min saved

Core Scientific Rejects CoreWeave's $9 Billion Takeover Bid

CoreWeave's $9 billion all-stock bid for Core Scientific faces significant market skepticism and is unlikely to succeed, with less than a 30% chance of shareholder approval amid concerns over deal valuation, structure, and the company's reliance on a single customer.

via Bloomberg.com|

#business #corescientific #coreweave

business2 months ago•2 min saved

Core Scientific's $5B Data Center Deal Faces Investor Rejection Amid Opposing Views

Core Scientific's shares rose after ISS advised shareholders to reject CoreWeave's $9 billion all-stock takeover bid, citing undervaluation and concerns over the deal's speed and valuation. Shareholders will vote on October 30, with market sentiment indicating the company's value exceeds the offer.

via Bloomberg.com|

#ai-infrastructure #business #corescientific

business6 months ago•0 min saved

CoreWeave's Volatile Ride: Big Gains, Market Reactions, and Future Potential

CoreWeave's acquisition of Core Scientific aims to verticalize data center ownership and cut costs, but the market reacted negatively, causing the stock to drop. Investors are advised to consider buying the dip at lower valuations, given the potential for a rebound.

via Seeking Alpha|

#acquisition #ai-infrastructure #business

business6 months ago•2 min saved

CoreWeave's $9B Acquisition of Core Scientific Sparks Industry Debate

CoreWeave is set to acquire Core Scientific in a $9 billion all-stock deal to expand its data center footprint, control critical power resources, and enhance its capabilities in AI and high-performance computing workloads, with the transaction expected to close in late 2025.

via Yahoo Finance|

#acquisition #business #cloud-infrastructure

business6 months ago•4 min saved

CoreWeave's $9B Acquisition of Core Scientific Sparks Market Drop

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.

via Investor's Business Daily|

#bit-digital #bitcoin #business

business6 months ago•3 min saved

CoreWeave's $9 Billion Acquisition of Core Scientific Sparks Market Drop

CoreWeave is acquiring Core Scientific in a $9 billion all-stock deal to gain control over data-center assets crucial for AI development, aiming to reduce costs and secure supply chain stability, with the transaction expected to close in late 2025 pending regulatory approval.

via Bloomberg.com|

#ai-infrastructure #business #corescientific

business6 months ago•2 min saved

Core Scientific Shares Surge Amid CoreWeave Acquisition Rumors

CoreScientific's shares surged over 25% as CoreWeave rekindled talks to acquire the bitcoin mining and hosting company, signaling potential consolidation in AI and digital infrastructure sectors. The deal, possibly involving a significant premium over CoreScientific's $3.7 billion valuation, follows a previous rejected bid and reflects growing investor interest in AI-related infrastructure, with CoreWeave's valuation rising sharply since its IPO.

via Yahoo Finance|

#acquisition #ai #business