CoreWeave in talks to acquire Core Scientific after rejected bid, stocks rise

From Cointelegraph

June 26, 2025 3:05 PM:

CoreWeave, now an AI infrastructure provider, is in talks to acquire Core Scientific, a Bitcoin mining firm, after increasing a previously rejected bid. The deal could be finalized in weeks, with no financial details disclosed. Core Scientific’s stock surged over 23%, with a market cap of $3.6 billion. CoreWeave’s stock has risen nearly 300% this year to $78.4 billion. The company’s first-quarter earnings doubled, with net income at $580 million, but revenue fell short of expectations at $79.5 million. Core Scientific holds 977 BTC on its books.

Read more at Cointelegraph: CoreWeave in Talks to Acquire Core Scientific After Rejected $1B Bid