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Core Scientific maintains deal with Core Weave amid rejection of 'unsolicited' $1 billion purchase The rejected purchase highlights Core Scientific's confidence in its AI-powered post-bankruptcy future. Core Scientific (CORZ) has rejected an “unsolicited” $1 billion takeover offer from Core Weave, deeming it significantly undervalued and not in the best interests of its shareholders. The proposal, which offered $5.75 per share, came shortly after the two companies signed a series of 12-year contracts for Core Scientific to provide 200 megawatts of infrastructure to support high-performance computing AI services. (HPC) from Core Weave. According to Core Scientific, the board, in consultation with independent financial and legal advisors, concluded that the proposal did not reflect the company's growth prospects or long-term value creation potential. It also set out to clarify that the offer was "unsolicited" by using the term in the title of its press release. Core Scientific intends to work on the execution of previously announced contracts with Core Weave, which are expected to generate more than $3.5 billion in cumulative revenue. The deals marked a strategic shift for Core Scientific, traditionally known for its bitcoin mining operations, as it diversified into the AI ​​data center space.