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Core Scientific Stock Surges On Acquisition Reports With CoreWeave - Core Scientific (NASDAQ:CORZ)

  • As of June 26, 2025, CoreWeave and Core Scientific are engaged in talks regarding a potential acquisition, with the possibility of concluding an agreement in the weeks ahead.
  • CoreWeave previously offered $5.75 per share to buy Core Scientific in June 2022, but the bid was rejected for undervaluing the company.
  • Following acquisition talks, Core Scientific shares surged about 24% while CoreWeave shares fell slightly, reflecting market reactions.
  • The companies have a longstanding collaboration featuring multi-billion-dollar contracts, with Core Scientific providing around 200 megawatts of capacity to support CoreWeave’s high-performance computing operations.
  • This potential acquisition would strengthen collaboration amid rising AI workload demand and signal a strategic shift beyond bitcoin mining.
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channelchek.com broke the news in on Thursday, June 26, 2025.
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