Bitcoin mining firm Core Scientific has finalized a $9 billion all-stock merger with AI infrastructure provider CoreWeave, creating a new entity that integrates high-performance computing capabilities with blockchain operations. This strategic combination positions the merged company to capitalize on growing demand for both artificial intelligence services and cryptocurrency mining infrastructure.
Simultaneously, U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $1.17 billion in net inflows during the reporting period, signaling strong institutional investment momentum. BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows, capturing nearly half the total figure as institutional capital continues seeking regulated crypto exposure.
Additional market movements include BIT Mining’s strategic pivot toward Solana ecosystem development, which triggered temporary stock volatility before settling at $4.34. Separately, MicroStrategy has paused its consistent Bitcoin acquisition streak after 90 days, coinciding with a $4.2 billion preferred stock offering. Investment firm Ego Death Capital further highlighted institutional interest with a new $100 million fund targeting Bitcoin-focused startups.
Collectively these developments underscore ongoing transformation within cryptocurrency markets, reflecting convergence between blockchain infrastructure, institutional investing patterns, and strategic realignments across the digital asset sector.