CoreWeave Resumes Talks to Acquire Bitcoin Miner Core Scientific: WSJ
A year after its failed bid to acquire Core Scientific (CORZ), cloud and AI company CoreWeave (CRWV) is back in talks with the bitcoin miner, according to the WSJ.
According to the publication, specific terms have not yet been discussed, but the deal could be completed in the coming weeks.
About a year ago, CoreWeave tried to buy CORZ at $5.75 a share, which would have been worth about $1 billion. Today, on that news, CORZ shares have risen 25% and are now trading above $15 a share.
Other miners that are also improving (though not to the same extent as CORZ) include Hut 8 (HUT), IREN (IREN), and Cipher Mining (CIFR).
Source: cryptonews.net
