CoreWeave Makes Another Offer to Acquire Bitcoin Miner Core Scientific After 2024 Bid Was Rejected

According to a report by The Wall Street Journal cited by The Block, cloud computing company CoreWeave has once again proposed to acquire Bitcoin mining company Core Scientific, with the deal potentially closing within weeks. This is CoreWeave's second attempt to acquire Core Scientific, following a rejected $1.00 billion (USD $5.75 per share) acquisition offer in June 2024. Affected by this news, Core Scientific's stock price soared 28%, bringing its market cap to approximately $3.60 billion. Core Scientific went public in January 2022 through a SPAC merger, and filed for bankruptcy protection in December of the same year due to the Bitcoin crash. It relisted on the Nasdaq last year after completing its restructuring. The two companies have previously signed a multi-year cooperation agreement, with Core Scientific providing CoreWeave with approximately 200 megawatts of infrastructure to support its high-performance computing services. If this acquisition is successful, it will accelerate the integration of AI and cryptocurrency mining infrastructure. [ChainCatcher]