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🚨 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
$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.
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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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