CoreWeave resumes talks to acquire Core Scientific, boosting Core Scientific's share price by 33%.

From Yahoo Finance: 2025-06-30 05:20:00

US-based AI cloud provider CoreWeave resumes negotiations to acquire Core Scientific after a previous offer was rejected in 2024. Talks, first reported by The Wall Street Journal, led to a 33% increase in Core Scientific’s share price. The potential deal’s specific terms remain undisclosed, with a conclusion expected in the coming weeks.

Core Scientific, valued at $5bn, specializes in advanced digital infrastructure for bitcoin mining. CoreWeave offers cloud solutions to enterprises and AI labs, with Microsoft accounting for 62% of revenue in 2024. In 2025, CoreWeave secured an $11.9bn agreement to enhance OpenAI’s AI infrastructure for global AI model deployment.

Despite CoreWeave’s initial bid rejection, the companies entered into agreements for Core Scientific to supply infrastructure to support high-performance computing services. Core Scientific declined the $1.02bn acquisition offer, citing undervaluation and misalignment with shareholder interests. Both companies have declined to comment on the recent negotiations.



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