Image courtesy of CoreWeave Is CoreWeave about to do a deus ex machina on the crypto world Or are we simply seeing the latest tech industry infatuation, sure to go the way of all flameouts and burn out quicker than a meme stock. Of course, that possible acquisition of Core...
Shares of crypto miner Core Scientific (CORZ) soared more than 25% this week. This increase occurs amid the backdrop of reenergized speculation over a possible acquisition by fellow startup CoreWeave. The resumed talks mark a potentially significant new chapter for both companies. Combined, they have the power to radically change...
The noise surrounding CoreWeave’s imminent purchase of long-troubled miner Core Scientific (CORZ) has become truly overwhelming at times. Everyone thinks this is a slam dunk, a match made in silicon heaven. AI saves crypto! Let's pump the brakes. Have we become so beguiled by the power of AI that we’re...
CoreWeave, the largest competitor to Nvidia in the booming AI cloud infrastructure market, recently restated its buyout offer for Core Scientific. With a focus on its large scale data center facilities, Core Scientific was once the largest publicly traded Bitcoin miner. This move raises a critical question: Is this a...
Core Scientific shares are skyrocketing today after the news that takeover talks with CoreWeave have reportedly been revived. This announcement follows Core Scientific’s record-breaking first quarter earnings, where net income more than tripled to $580 million. The historic acquisition—which would be the first of its kind in the state—could be...
