Core Scientific


Finance

Bitcoin Miner Core Scientific’s Third Largest Shareholder Opposes CoreWeave Deal

Two Seas Capital has come out against Core Scientific's proposed all-stock acquisition by AI cloud provider CoreWeave.

Core Scientific facility in North Carolina. (Core Scientific)

Markets

Core Scientific Sale Sets Floor Price for Bitcoin Miners: JPMorgan

The deal, however, appears to be a "one-off," and unlikely to be replicated.

JPMorgan building (Shutterstock)

Markets

Core Scientific Cut to Neutral as CoreWeave Deal Adds Complexity: H.C. Wainwright

The firm's analysts expect shareholder approval for the transaction, with no indication of delays to the closing timeline.

Bitcoin miners (Shutterstock)

Markets

CoreWeave’s All-Stock Bid for Core Scientific Likely to Draw Shareholder Scrutiny: KBW

Deal valued at $20.40/share marks second acquisition attempt; KBW sees limited upside for Core Scientific shareholders.

Celsius and Core Scientific hope to raise millions via mining rig vouchers (alvarez/Getty Images)

Markets

Core Scientific, Bitcoin Miners Tumble on CoreWeave Buyout; Jefferies Says Price in Expected Range

The deal aligns with CoreWeave's post-IPO growth strategy, leveraging its strong equity position to drive large-scale M&A, according to the investment bank.

Core Scientific's mining facility in Calvert City, Ky. (CoinDesk archives)

Markets

CoreWeave to Acquire Core Scientific in $9B All-Stock Deal

The deal values Core Scientific shares at $20.40, a 66% premium to its price late last month, with each Core Scientific share being swapped for 0.1235 CoreWeave shares.

Business deal handshake (Radission US/Unsplash)

Markets

Core Scientific Soars 25% as WSJ Reports Buyout Talks With CoreWeave

A number of bitcoin miner shares are moving higher on the news.

Máquinas de minería de bitcoin (Shutterstock)

Markets

What’s the Impact of CoreWeave’s IPO on Core Scientific? Analysts Debate

Whatever is good for CoreWeave is probably good for Core Scientific, but the IPO might not be the most important recent development.

Core Scientific facility in North Carolina. (Core Scientific)

Markets

Core Scientific Shares Drop 15% as Microsoft Cuts CoreWeave Commitments

AI cloud provider faces setback as major client pulls back.

Core Scientific CEO Mike Levitt (Danny Nelson/CoinDesk)

Markets

AI Firm CoreWeave Files for IPO, Citing $1.9B in Revenue

The company is expected to raise $4 billion at a $35 billion valuation.

cloud servers (CoinDesk archives)