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Benzinga
Benzinga
Business
Rishabh Mishra

CRWV–CORZ Potential Deal Could Unlock $2.8 Billion Hidden Value For Bitcoin Miner, Says Morgan Stanley

CORZ Morgan Stanley CRWV Core Scientific Bitcoin CoreWeave Nasdaq Eric Jackson Core Scientific Inc Mining
Shanghai,china-may,27th,2024:core,Scientific,Company,Logo,On,Website

In a potential game-changer for the cryptocurrency mining sector, Morgan Stanley has forecasted that CoreWeave Inc.‘s (NASDAQ:CRWV) proposed acquisition of Core Scientific Inc. (NASDAQ:CORZ) could boost the Bitcoin (CRYPTO: BTC) miner’s market capitalization by an impressive $2.8 billion.

What Happened: This Morgan Stanley analysis was shared by Eric Jackson from EMJ Capital amid renewed takeover discussions between the two companies, as reported by the Wall Street Journal, with a deal possibly finalizing within weeks if negotiations proceed smoothly.

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