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2.21%Core Scientific Soars 25% as WSJ Reports Buyout Talks With CoreWeave
A number of bitcoin miner shares are moving higher on the news.
One year after unsuccessfully trying to purchase Core Scientific (CORZ), cloud and AI infrastructure firm CoreWeave (CRWV) is again in talks with the bitcoin miner, according to the WSJ.
Exact terms haven't been discussed, but a deal could be finalized in coming weeks, according to the story.
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Roughly one year ago, CoreWeave tried to acquire CORZ for $5.75 per share, or about $1 billion. Up 25% today on this news, CORZ is currently trading above $15 per share.
Among other miners moving higher (though not nearly the magnitude of CORZ) are Hut 8 , IREN (IREN), and Cipher Mining (CIFR).
Stephen Alpher
Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
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