BITPRISMIA
Core Scientific reported a 62% decline in Q2 mining revenue to $62.4 million, reflecting broader challenges in the Bitcoin mining industry such as rising network difficulty and energy costs.
Two Seas Capital opposes CoreWeave's $9 billion buyout of Core Scientific, arguing the offer undervalues the company and unfairly benefits CoreWeave, leading to a positive market reaction and potential renegotiation.
Two Seas Capital, Core Scientific's third-largest shareholder, opposes the proposed all-stock acquisition by CoreWeave, citing unfair terms and economic risks.
H.C. Wainwright downgraded Core Scientific (CORZ) to neutral due to increased complexity from its deal with CoreWeave (CRWV), citing risks tied to cryptocurrency and AI adoption.
CoreWeave has agreed to acquire bitcoin miner Core Scientific in an all-stock deal valued at $20.40 per share, but KBW analysts see limited upside for Core Scientific shareholders.
CoreWeave, a leading GPU cloud provider, plans to acquire Core Scientific, a prominent crypto mining firm, in a $9 billion all-stock deal, marking a significant convergence of GPU cloud services and crypto mining industries.
CoreWeave, an AI and cloud solutions provider, is acquiring cryptocurrency mining data center Core Scientific in a $9 billion all-stock deal, aiming to enhance its AI and high-performance computing capabilities.