Core Scientific Gains 23% as CoreWeave Revives $3.7 Billion Bid

* Core Scientific shares soar 23% following renewed acquisition talks from CoreWeave. * The proposed deal underscores CoreWeave's strategy to expand its AI infrastructure capabilities. On June 26, 2025, The Wall Street Journal reported that AI infrastructure provider CoreWeave has renewed acquisition talks with Bitcoin mining firm Core Scientific. Last year, Core Scientific rejected CoreWeave’s previous $5.75-per-share bid, arguing that it undervalued the company. Since that initial bid, Core Scientific’s market capitalization has risen dramatically from approximately $1 billion to $3.7 billion, reflecting its strong operational performance and expansion. As a result of the revived discussions, Core Scientific’s stock (ticker: CORZ) surged by 23% during trading. Insiders suggest a potential deal could be finalized in the coming weeks. CoreWeave, which has a market capitalization of $75 billion, seeks to strengthen its capabilities to meet the surging demand for data center capacity required by AI workloads. The company transitioned from cryptocurrency mining to AI infrastructure before going public in March 2025. Despite last year’s unsuccessful bid, the two companies have continued to collaborate. Under a 12-year agreement, Core Scientific provides 200 megawatts of hosting support for CoreWeave, a partnership that highlights their shared focus on scaling power and data infrastructure for high-performance computing. According to CoinMarketCap, Bitcoin (BTC) was trading at $107,639.76 as of 20:08 UTC on June 26, marking a marginal 0.004% change over the past 24 hours.