- One of North America's largest owners and operators of powerful digital Bitcoin mining infrastructure and hosting services, Core Scientific, has received an offer from artificial intelligence startup CoreWeave to acquire all of its outstanding securities at a price of $5.75 per share. The total value of the offer was $1 billion.

News of the potential buyout comes on the heels of a series of 12-year deals between the companies. In accordance with them, Core Scientific must provide about 200 MW of infrastructure to host CoreWeave high-performance computing services.

After consulting with independent analysts, the miner's Board of Directors rejected CoreWeave's proposal. Core Scientific representatives said that despite the potential benefits of the partnership, it is not in the best interests of the company and its shareholders. Because the miner has “significant growth potential and is positioned to benefit from growing demand for data center space and high-performance computing power.”

In January 2024, Core Scientific emerged from bankruptcy proceedings. Shares of the bitcoin mining company then rose as much as 16% to $8.30.

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