Bitcoin miner Core Scientific has rejected an unsolicited $1 billion takeover offer from cloud computing provider CoreWeave. The offer, valued at $5.75 per share, was deemed to significantly undervalue Core Scientific and not in the best interests of its shareholders. Despite the rejection, Core Scientific has signed a $3.5 billion, 12-year AI deal with CoreWeave to provide infrastructure for AI and high-performance computing (HPC) use cases. This agreement includes the provision of approximately 200 MW of data center infrastructure, marking a significant diversification beyond Bitcoin mining for Core Scientific. Following the announcement of the acquisition offer, Core Scientific's stock ($CORZ) saw a notable increase of about 40%.
Core Scientific Inc., a significant player in the Bitcoin (BTC) mining industry, has rejected CoreWeave's acquisition bid https://t.co/n6ItO7FEM8
Bitcoin miner Core Scientific rejects buyout offer of more than $1bn https://t.co/vnAc4Z54VH
ICYMI: Core Scientific upholds deal with CoreWeave amid rejecting $1 billion ‘unsolicited’ buyout Read the full article 👇 https://t.co/xRuojqQN47 https://t.co/y9tMkqgRrJ
NEW: Bitcoin miner Core Scientific rejects a $1 billion takeover offer from AI startup CoreWeave, just days after announcing a partnership. Core Scientific's stated that the offer “significantly undervalues the company and is not in the best interests of... shareholders.” https://t.co/ZNDYmkSkoY
📣 Latest News: Core Scientific declines unsolicited Coreweave buyout bid #news #cryptonews #crypto
Bitcoin miner Core Scientific rejects buyout offer from CoreWeave https://t.co/MQpzBxUsmn https://t.co/uqmanakix8
Core Scientific is happy to ink a hosting deal with CoreWeave, but it rejected the cloud provider’s bid to buy it out https://t.co/BqLAhYi2pu
Core Scientific $CORZ (obviously) rejected the offer https://t.co/Oe27YTidLs https://t.co/uGNW3NsYpg
Core Scientific upholds deal with CoreWeave amid rejecting $1 billion ‘unsolicited’ buyout via @akibablade https://t.co/ayZkN7OCvE
Bitcoin miner Core has rejected an unsolicited $1 billion takeover offer from artificial intelligence startup CoreWeave https://t.co/szfIB61tvW
Core Scientific rejects CoreWeave's $1B buyout offer, worth $5.75 per share, saying the deal undervalues the company; CORZ had jumped ~40% on the buyout news (@parikshitm899 / CoinDesk) https://t.co/3KvWzMy9K8 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/zFhrJYEZjX
JUST IN: #BITCOIN MINER CORE SCIENTIFIC REJECTS $1B BUYOUT OFFER FROM COREWEAVE
Bitcoin miner Core Scientific has rejected cloud computing firm CoreWeave's offer to buy the firm for $1 billion, two days after CoreWeave made its offer. By @parikshitm899. https://t.co/kGriWsu04Q
$CORZ (+1.3% pre) Core Scientific (CORZ) Rejects Unsolicited Proposal from CoreWeave - SI https://t.co/Xg6O8AiZL3
Earlier this week, we announced a groundbreaking deal with @CoreWeave to provide ~200 MW of data center infrastructure. This marks the second time this year we've demonstrated we have the expertise and infrastructure in place to meet the increasing demand for high-power… https://t.co/s0mRxZz9GJ
UPDATE: Core Scientific announces $3.5 billion deal with AI firm CoreWeave to expand into AI and HPC hosting. More details…↓ #Bitcoin (By: @ComposableD) https://t.co/P7qmIj5IrG
ICYMI: Core Scientific inks $3.5B AI deal with CoreWeave to diversify beyond bitcoin mining Read the full article 👇 https://t.co/Sfbd1l1XLC https://t.co/5JsDNNxWGq
COREWEAVE INC., A CLOSELY HELD CLOUD COMPUTING PROVIDER, HAS OFFERED TO ACQUIRE BITCOIN MINER CORE SCIENTIFIC INC. FOR ABOUT $1 BILLION, A PERSON WITH KNOWLEDGE OF THE MATTER SAID.
$CORZ trading above Core Scientific offer of $5.75...sus https://t.co/LjatCeWAga
Core Scientific stock jumped following a report that cloud computing provider CoreWeave offered to buy the Bitcoin miner for $5.75 a share. I mean, the names are already so close… https://t.co/oROdCVoUdd
Bitcoin Miner Core Scientific Surges After AI Deal, Report of Over $1B Buyout Offer From CoreWeave https://t.co/plFfbeti6y
Core Scientific Signs $3.5B Deal with CoreWeave, Receives $5.75/Share Acquisition Offer https://t.co/Wz3bSdMP2Q
🧠AI and Bitcoin Mining🧠 Core Scientific Inc, a #BTC mining company, announced a 12-year deal with cloud provider @CoreWeave to provide infrastructure for AI use cases⬇️ https://t.co/GlQZjHiDbs
CoreWeave has offered to acquire Bitcoin miner Core Scientific for $5.75 per share https://t.co/v04102lKiH