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Bitcoin Miners Reinvent Themselves: Core Scientific Signs Multi-Million Dollar Deal with AI Giant
📅 August 8 | United States
What began as a teetering crypto mining giant is now entering a new chapter with an unexpected twist: Core Scientific has closed a $3.5 billion deal with CoreWeave, an emerging AI cloud computing powerhouse. The goal? Transforming its Bitcoin mining centers into hybrid infrastructures for AI and digital assets.
🧠 From mining blocks to processing intelligence: how the deal came together 🔄💻
Core Scientific, one of the largest Bitcoin miners in the US, was undergoing a tough financial restructuring, including a Chapter 11 bankruptcy. However, in a bold move, it managed to close a 12-year deal worth $3.5 billion with CoreWeave, a company backed by giants like Nvidia.
🔍 Key points of the deal:
CoreWeave will lease 200 MW of data center capacity to Core Scientific.This capacity will be used for training and running artificial intelligence models. The deal generates stable and predictable revenue for Core Scientific, diversifying its exposure beyond the price of Bitcoin. Core Scientific will still maintain part of its mining operation, but is now optimizing energy assets and data centers for multiple purposes.
📈 The news sent Core Scientific (CORZ) shares soaring on the Nasdaq, reflecting market confidence in this strategic restructuring.
💬 In the words of Core Scientific's CEO:
“This agreement is more than a contract; it's an evolution of the business model. Crypto infrastructure now also powers artificial intelligence.”
Topic Opinion:
Core Scientific and CoreWeave's deal is more than just a contract: it's a statement of the future.
We are seeing Bitcoin mining evolve from a monolithic business to a platform for high-performance computing. This not only reduces financial risks but also opens a bridge to the AI revolution.
The big lesson: to diversify is to adapt, and in crypto, to adapt is to survive… and win.
💬 Is this the new era of mining?
Leave your comment...
#Bitcoinmining #CoreScientific #AIRevolution #BTC #CryptoNews $BTC
What began as a teetering crypto mining giant is now entering a new chapter with an unexpected twist: Core Scientific has closed a $3.5 billion deal with CoreWeave, an emerging AI cloud computing powerhouse. The goal? Transforming its Bitcoin mining centers into hybrid infrastructures for AI and digital assets.
🧠 From mining blocks to processing intelligence: how the deal came together 🔄💻
Core Scientific, one of the largest Bitcoin miners in the US, was undergoing a tough financial restructuring, including a Chapter 11 bankruptcy. However, in a bold move, it managed to close a 12-year deal worth $3.5 billion with CoreWeave, a company backed by giants like Nvidia.
🔍 Key points of the deal:
CoreWeave will lease 200 MW of data center capacity to Core Scientific.This capacity will be used for training and running artificial intelligence models. The deal generates stable and predictable revenue for Core Scientific, diversifying its exposure beyond the price of Bitcoin. Core Scientific will still maintain part of its mining operation, but is now optimizing energy assets and data centers for multiple purposes.
📈 The news sent Core Scientific (CORZ) shares soaring on the Nasdaq, reflecting market confidence in this strategic restructuring.
💬 In the words of Core Scientific's CEO:
“This agreement is more than a contract; it's an evolution of the business model. Crypto infrastructure now also powers artificial intelligence.”
Topic Opinion:
Core Scientific and CoreWeave's deal is more than just a contract: it's a statement of the future.
We are seeing Bitcoin mining evolve from a monolithic business to a platform for high-performance computing. This not only reduces financial risks but also opens a bridge to the AI revolution.
The big lesson: to diversify is to adapt, and in crypto, to adapt is to survive… and win.
💬 Is this the new era of mining?
Leave your comment...
#Bitcoinmining #CoreScientific #AIRevolution #BTC #CryptoNews $BTC
#CryptoIn401(k)
“CoreWeave vs. Two Seas: The $9B Clash Over Core Scientific”
Two Seas Capital, the largest active shareholder of Bitcoin miner Core Scientific, is pushing back against CoreWeave’s $9B acquisition offer — calling it undervalued and risky.
The deal would give AI infrastructure firm CoreWeave control over the data centers it currently leases from Core Scientific. But with AI demand surging, Two Seas believes the miner’s true value hasn’t been priced in — especially as its stock dropped 30% after the buyout was announced.
Despite early rejections, talks resumed in June, sparking price volatility in both companies. With Core Scientific’s growth prospects in AI training and inference, this deal could reshape how mining firms position in the AI economy.
📌 Watch for updates — shareholder pressure could shift terms or stall the deal entirely.
#CoreWeave #CoreScientific #Write2Earn #AI
Two Seas Capital says $9B undervalues Core Scientific. Will AI demand rewrite the deal?
“CoreWeave vs. Two Seas: The $9B Clash Over Core Scientific”
Two Seas Capital, the largest active shareholder of Bitcoin miner Core Scientific, is pushing back against CoreWeave’s $9B acquisition offer — calling it undervalued and risky.
The deal would give AI infrastructure firm CoreWeave control over the data centers it currently leases from Core Scientific. But with AI demand surging, Two Seas believes the miner’s true value hasn’t been priced in — especially as its stock dropped 30% after the buyout was announced.
Despite early rejections, talks resumed in June, sparking price volatility in both companies. With Core Scientific’s growth prospects in AI training and inference, this deal could reshape how mining firms position in the AI economy.
📌 Watch for updates — shareholder pressure could shift terms or stall the deal entirely.
#CoreWeave #CoreScientific #Write2Earn #AI
Two Seas Capital says $9B undervalues Core Scientific. Will AI demand rewrite the deal?
🚀 Dogecoin (DOGE) hits a 1-month high at $0.172 after a 24% rebound from June lows, showing renewed retail interest.
🤝 CoreWeave agrees to acquire Core Scientific in a $9 billion all-stock deal, boosting mining consolidation and institutional confidence.
🏛️ The U.S. SEC unveils its first crypto ETF guidance, streamlining approval timelines from 240 to 75 days, and paving the way for more institutional adoption.
🔗 #dodgecoin #CoreScientific #CryptoETF #CryptoNews #Binance
🤝 CoreWeave agrees to acquire Core Scientific in a $9 billion all-stock deal, boosting mining consolidation and institutional confidence.
🏛️ The U.S. SEC unveils its first crypto ETF guidance, streamlining approval timelines from 240 to 75 days, and paving the way for more institutional adoption.
🔗 #dodgecoin #CoreScientific #CryptoETF #CryptoNews #Binance
$BTC #corescientific #bitcoin
Core Scientific maintains deal with Core Weave amid rejection of 'unsolicited' $1 billion purchase The rejected purchase highlights Core Scientific's confidence in its AI-powered post-bankruptcy future. Core Scientific (CORZ) has rejected an “unsolicited” $1 billion takeover offer from Core Weave, deeming it significantly undervalued and not in the best interests of its shareholders. The proposal, which offered $5.75 per share, came shortly after the two companies signed a series of 12-year contracts for Core Scientific to provide 200 megawatts of infrastructure to support high-performance computing AI services. (HPC) from Core Weave. According to Core Scientific, the board, in consultation with independent financial and legal advisors, concluded that the proposal did not reflect the company's growth prospects or long-term value creation potential. It also set out to clarify that the offer was "unsolicited" by using the term in the title of its press release. Core Scientific intends to work on the execution of previously announced contracts with Core Weave, which are expected to generate more than $3.5 billion in cumulative revenue. The deals marked a strategic shift for Core Scientific, traditionally known for its bitcoin mining operations, as it diversified into the AI data center space.
Core Scientific maintains deal with Core Weave amid rejection of 'unsolicited' $1 billion purchase The rejected purchase highlights Core Scientific's confidence in its AI-powered post-bankruptcy future. Core Scientific (CORZ) has rejected an “unsolicited” $1 billion takeover offer from Core Weave, deeming it significantly undervalued and not in the best interests of its shareholders. The proposal, which offered $5.75 per share, came shortly after the two companies signed a series of 12-year contracts for Core Scientific to provide 200 megawatts of infrastructure to support high-performance computing AI services. (HPC) from Core Weave. According to Core Scientific, the board, in consultation with independent financial and legal advisors, concluded that the proposal did not reflect the company's growth prospects or long-term value creation potential. It also set out to clarify that the offer was "unsolicited" by using the term in the title of its press release. Core Scientific intends to work on the execution of previously announced contracts with Core Weave, which are expected to generate more than $3.5 billion in cumulative revenue. The deals marked a strategic shift for Core Scientific, traditionally known for its bitcoin mining operations, as it diversified into the AI data center space.
🚨 BREAKING🚨: Nvidia-backed CoreWeave in talks to acquire Bitcoin miner Core Scientific, per WSJ. 🚀
Big moves in the crypto-mining space! 🪙👀
#Crypto #Bitcoin #Nvidia #CoreWeave #CoreScientific #Blockchain #Mining$BTC
Big moves in the crypto-mining space! 🪙👀
#Crypto #Bitcoin #Nvidia #CoreWeave #CoreScientific #Blockchain #Mining$BTC
🚨 CoreWeave Acquires Core Scientific in $9B All-Stock Mega Deal
📢 In one of the most significant cross-industry mergers of 2025, CoreWeave is set to acquire Bitcoin mining giant Core Scientific in a $9 billion all-stock deal, blending the worlds of AI infrastructure and crypto mining.
🔍 What’s at stake?
• Adds 1.2 GW of data center power across the U.S.
• Secures 977 $BTC for strategic digital asset exposure
• Boosts CoreWeave’s AI infrastructure with proven mining capabilities
• Core Scientific shareholders receive 0.1235 CoreWeave shares (~$20.40 per share) — a 66% premium over late June valuation
💡 This deal signals a powerful shift: AI companies are now eyeing crypto miners not just for $BTC — but for scalable, energy-rich infrastructure.
#CoreScientific #CoreWeave #Bitcoin #CryptoNews #AIInfrastructure
https://coingape.com/bitcoin-miner-core-scientific-acquired-by-coreweave-in-9b-all-stock-deal/?utm_source=bnb&utm_medium=coingape
📢 In one of the most significant cross-industry mergers of 2025, CoreWeave is set to acquire Bitcoin mining giant Core Scientific in a $9 billion all-stock deal, blending the worlds of AI infrastructure and crypto mining.
🔍 What’s at stake?
• Adds 1.2 GW of data center power across the U.S.
• Secures 977 $BTC for strategic digital asset exposure
• Boosts CoreWeave’s AI infrastructure with proven mining capabilities
• Core Scientific shareholders receive 0.1235 CoreWeave shares (~$20.40 per share) — a 66% premium over late June valuation
💡 This deal signals a powerful shift: AI companies are now eyeing crypto miners not just for $BTC — but for scalable, energy-rich infrastructure.
#CoreScientific #CoreWeave #Bitcoin #CryptoNews #AIInfrastructure
https://coingape.com/bitcoin-miner-core-scientific-acquired-by-coreweave-in-9b-all-stock-deal/?utm_source=bnb&utm_medium=coingape
See original
How AI-powered cloud mining is changing cryptocurrency profits in 2025
Integrating AI into mining operations
Cryptocurrency mining companies are integrating AI to improve efficiency by predicting the best mining times, reducing energy consumption, and automating device management.
The shift towards AI data centers
Companies like Core Scientific have begun transitioning from traditional Bitcoin mining to dedicated AI data centers, aiming for more stable revenues.
Environmental considerations
This shift raises concerns about energy consumption, prompting companies to seek sustainable solutions to reduce environmental impact.
#CryptoMining #crypto #ai
#Cloudmining #CoreScientific
Integrating AI into mining operations
Cryptocurrency mining companies are integrating AI to improve efficiency by predicting the best mining times, reducing energy consumption, and automating device management.
The shift towards AI data centers
Companies like Core Scientific have begun transitioning from traditional Bitcoin mining to dedicated AI data centers, aiming for more stable revenues.
Environmental considerations
This shift raises concerns about energy consumption, prompting companies to seek sustainable solutions to reduce environmental impact.
#CryptoMining #crypto #ai
#Cloudmining #CoreScientific
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