| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107210.2700000000 |
| ETH | $2424.9000000000 |
| BNB | $646.7333900000 |
| XRP | $2.1948260000 |
| ADA | $0.5601689000 |
| SOL | $146.9390000000 |
| DOGE | $N/A |
| DOT | $3.3526700000 |
| LTC | $85.8420000000 |
| LINK | $13.1615900000 |
Category: CRYPTO NEWS
The post CoreWeave takes a second shot at Core Scientific acquisition appeared on BitcoinEthereumNews.com. Last year’s $1 billion offer was a non-starter. Now, with AI demand surging and Bitcoin mining margins tightening, CoreWeave has circled back and is reportedly in new talks to acquire Core Scientific. On June 26, the Wall Street Journal reported that CoreWeave, the AI cloud infrastructure provider backed by Nvidia and powering clients like OpenAI and Microsoft, has reopened negotiations to acquire Bitcoin miner Core Scientific. The move comes nearly a year after Core Scientific’s board dismissed CoreWeave’s initial $5.75-per-share offer ($1 billion total) as “significantly undervaluing” the company. This time, the terms remain undisclosed, but the market’s reaction was immediate: Core Scientific’s stock surged 28%, pushing its valuation close to $4 billion. People familiar with the matter say the latest negotiations follow a string of multi-year infrastructure deals between the two companies, including a major contract for 200 megawatts of power to support CoreWeave’s high-performance computing services. Can the second bid stick this time? CoreWeave’s renewed pursuit of Core Scientific appears to be about securing the infrastructure needed to win the AI race. The AI cloud provider, fresh off a $1.5 billion IPO and partnerships with Microsoft and OpenAI, is locked in a battle for computing power with rivals like Amazon Web Services and Google Cloud. Unlike those giants, CoreWeave doesn’t own massive data center networks. That’s where Core Scientific comes in. Core Scientific controls something even more valuable than raw computing power: energy infrastructure. The Bitcoin miner’s facilities, mostly located near cheap, abundant power sources, are already wired for high-density computing, making them ideal for AI workloads. The existing 200-megawatt deal between the two companies, signed last year, was just the start. Owning Core Scientific outright would give CoreWeave direct control over power contracts, bypassing the scramble for data center capacity that’s bottlenecking AI expansion. What’s in for…
2025-06-27T03:42:31+00:00