Coreweave – Once a cryptocurrency minor and now an Infrastructure provider increasing the AI - is in acquisition talks with Core Scientific, after having increased an offer previously rejected last year to the Bitcoin extraction company.
A buy -back offer could be “finalized in the weeks of the company,” the Wall Street Journal reported on Thursday, citing sources with knowledge of the discussions. No financial details have been provided, although the offer should take into account the rapid expansion of Core Scientific in the past year.
Core Scientific shares gathered more than 23% on news, negotiations have temporarily stopped after the review of the review.
At the current values, Core commands a market capitalization of approximately $ 3.6 billion.
In relation: The best bitcoin minors produced nearly $ 800 million BTC dollars in T1 2025
Core Scientific growth since the previous takeover attempt
As the newspaper reported, Coreweave offered $ 5.75 per share in a takeover offer for Core Scientific last year, valuing the Bitcoin minor at around $ 1 billion.
At the time, Core Scientific refused the offer, expressing a preference to deepen its existing partnership with Coreweave, which included an agreement of $ 1.225 billion to improve support for infrastructure for its NVIDIA GPUs.
Core Scientific’s decision to reject the offer has finally borne fruit, because its actions are now negotiated by almost three times the original offer.
As Cintelelelegraph said, the company’s first quarter profits have more than doubled, net profit reaching $ 580 million. However, revenues have not reached analysts’ expectations at $ 79.5 million. Most of this income ($ 67.2 million) came from the car.
Like the other Bitcoin minors, Core awarded its income and mining decreases to the reduction of half quadrienne in April 2024, which reduced the mining rewards of the Bitcoin network to 3.125 Bitcoin (BTC) of 6.25 BTC.
Core Scientific is listed as the 30th largest holder of corporate bitcoin, with 977 BTC on his books, according to industry data.
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