Deals
CoreWeave Offers About $1 Billion for Core Scientific
- Core Scientific shares climb above CoreWeave’s offer price
- Companies announced a series of hosting contracts on Monday
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CoreWeave Inc., a closely held cloud computing provider, has offered to acquire Bitcoin miner Core Scientific Inc. for about $1 billion, a person with knowledge of the matter said.
CoreWeave’s all-cash bid of $5.75 per share for Austin, Texas-based Core Scientific was made on Monday, and comes as the company seeks to expand its artificial intelligence data center capacity, according to the person.