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Benzinga
Benzinga
Business
Vaishali Prayag

Core Scientific Stock Surges On Acquisition Reports With CoreWeave

Core Scientific CoreWeave Nasdaq Core Scientific Inc CoreWeave Inc CORZ Bitcoin Mining
Big,Data,Analytics,With,Ai,Technology.,Data,Analyst,Analyzing,And

Shares of Core Scientific Inc. (NASDAQ:CORZ) are up Thursday following a report suggesting CoreWeave inc. (NASDAQ:CRWV) is in discussions to acquire the bitcoin mining and hosting company.

What To Know: According to the Wall Street Journal, the two companies are in talks and could finalize a deal in the coming weeks if talks proceed without issue. CoreWeave previously made an unsuccessful attempt to acquire Core Scientific about a year ago, offering $5.75 per share at the time; a bid that was rejected for undervaluing the business. Core Scientific shares now trade at more than double that earlier offer, giving the company a market capitalization of roughly $3.7 billion.

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