CoreWeave – Once a cryptocurrency miner Now, AI infrastructure providers are on the rise – acquiring talks with Core Science are reportedly in progress, after a previously rejected bid to Bitcoin mining companies last year.
The Wall Street Journal may “finalize the acquisition bid within weeks” Report On Thursday, the source of knowledge about the discussion was cited. No financial details were provided, although the quote must take into account the rapid expansion of core science over the past year.
Core Scientific’s stock rose more than 23% in the news and temporarily stopped trading after the journal’s report.
In terms of current values, Core has a market capitalization of approximately $3.6 billion.
Related: Top Bitcoin Miners Produce Nearly $800 Million in BTC in Q1 2025
Core Science’s Growth Since Last Takeover Attempt
As the Wall Street Journal reported, Coreweave offered a price of $5.75 per share in a bid for Core Scientific last year, rating Bitcoin miners at about $1 billion.
At the time, Core Scientific rejected the proposal, expressing a preference for deepening existing partnerships with Coreweave, which includes A $1.225 billion deal Enhance infrastructure support for its NVIDIA GPUs.
Core Scientific’s decision to reject the offer ended up paying off the return, as its stock is now trading nearly three times the price.
As Auxiliary device reportThe company doubled its first-quarter earnings, with net revenue reaching $580 million. However, revenues did not exceed analyst expectations, at $79.5 million. Most of these revenues ($67.2 million) come to mine themselves.
Like other Bitcoin miners, Core reduces its revenue and mining volume to a halving in four-year and year-on-year in April 2024, which reduces the mining rewards of the Bitcoin network to 3.125 Bitcoin (BTC) From 6.25 BTC.
According to the industry data.
https://www.youtube.com/watch?v=3_b-7ctsvhy
Magazine: South Korea lifts corporate cryptocurrency ban, beware of crypto mining HDS: Asian Express
