Wall Street Journal: CoreWeave proposes to acquire Bitcoin mining company Core Scientific

According to Foresight News, according to the Wall Street Journal, cloud computing company CoreWeave has once again proposed to acquire Bitcoin mining company Core Scientific, and the transaction may be completed within a few weeks. Previously, CoreWeave had made a $1 billion ($5.75 per share) acquisition offer in June 2024, but was rejected.

Core Scientific was listed through a SPAC merger in January 2022, filed for bankruptcy protection in December of the same year due to a plunge in Bitcoin. It re-entered on Nasdaq after completing its restructuring last year. The two companies have previously signed a multi-year partnership agreement, and Core Scientific will provide CoreWeave with approximately 200 megawatts of infrastructure to support its high-performance computing services. If this acquisition is successful, it will accelerate the integration of AI and crypto mining infrastructure.

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