Data center shares fall as investors expect a slower AI buildout after Democrats' win; Hut 8 drops 23%, IREN 11%, Core Scientific 10%, and Applied Digital 7%
Wall Street closed sharply higher on Wednesday as Democrats' sweeping midterm election victory eased political uncertainty …
Core Scientific and AMD announce a deal under which AMD will secure 500+ MW of US data center capacity starting in 2027, with the ability to scale up to 2.5 GW
Quick Take — AMD will secure more than 500 megawatts of Core Scientific data-center capacity beginning in 2027 …
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 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 :