US Bitcoin Miner Rejected a Billion Dollar Offer That Influenced the Price Rise!

Core Scientific, one of the largest Bitcoin miners, announced that it rejected CoreWeave's acquisition offer worth more than $ 1 billion.

North American Bitcoin miner Core Scientific (CORZ) announced 2 days ago that it had signed a 12-year contract with artificial intelligence company Hytperscaler Coreweave. In parallel with this statement, it was stated that CoreWeave company also made a purchase offer to the Bitcoin miner.

CORZ shares rose after this news.

Core Scientific announced in a press release on June 6 that it rejected the offer of over $1 billion from artificial intelligence and cloud computing company CoreWeave. The Bitcoin miner's board of directors believes CoreWeave's $5.75-per-share buyout offer significantly undervalues ​​it.

Core Scientific decided that the offer was not in the best interest of the company and its shareholders.

According to Google Finance data, Core Scientific's Nasdaq-listed share, CORZ, is trending sideways despite the sales rejection after the market opened. CORZ, which closed at $7.15 yesterday, is trading at $7.26, up 1.54%.

Note: I mentioned an important project in the pinned tweet. I definitely recommend you to read it.