Core Scientific plans to raise $3.3B via a junk bond sale to finance its shift from crypto mining to building AI data centers and leasing them to CoreWeave
CoreWeave's stock closed down 16.31% after CEO Mike Intrator noted delays at a data center provider that Jim Cramer implied is Core Scientific; CORZ fell 10%+
Welcome to Runtime! Today: An update on our independent journalism mission … Bluesky: Tero Kuittinen / @teroterotero : You must invest in Nvidia because AI chips need to be replaced every 2 years. A...
Core Scientific shareholders vote to reject a $9B takeover bid by CoreWeave that proxy advisers said undervalued the data center company
Dina Bass / Bloomberg :
CoreWeave says it won't increase its $9B offer for data center provider Core Scientific, despite opposition to the deal from major Core Scientific shareholders
Bloomberg :
CoreWeave says it has agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity
#DataCenters — #CoreWeave — #PowerIsTheMoat @notreload : $CRWV -2.8%, $CORZ -18% [CoreWeave's all-stock acquisition of Core Scientific caused Core Scientific's stock to fall due to investor disapp...
CoreWeave says it has agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity
The transaction values Core Scientific's stock at $20.40 per share, according to a statement from CoreWeave on Monday.
Core Scientific rejects CoreWeave's $5.75-per-share buyout offer from June 4, worth $1B+, saying the deal significantly undervalues the company
Parikshit Mishra / CoinDesk :
Core Scientific rejects CoreWeave's $5.75-per-share buyout offer from June 4, worth $1B+, saying the deal significantly undervalues the company
The board of Core Scientific rejected CoreWeave's offer to buy the miner for $5.75 per share. — Core Scientific (CORZ) …
A profile of CoreWeave; the cloud GPU provider plans to spend $2.2B to build three European data centers and repurpose several Core Scientific facilities
CoreWeave benefits from jump in AI chip demand and eyes UK and Europe expansion — An upstart challenger to cloud computing giants Amazon …
Bitcoin miner Core Scientific plans to shut down mining rigs tied to Celsius Mining, its largest client with 37K+ machines, as both companies undergo bankruptcy
Eliza Gkritsi / CoinDesk :