Core Scientific (CORZ) stock soared over 23%, triggering a trading halt, amid reports that CoreWeave is in talks to acquire the crypto miner-turned-AI infrastructure provider. This comes after Core Scientific rejected a $1 billion offer from CoreWeave last year.

CoreWeave, a former crypto miner itself, has seen its own stock (CRWV) skyrocket nearly 300% this year, pushing its market cap to a massive $78.4 billion. Core Scientific's rejection of the initial bid proved prescient, as its current $3.6 billion market cap reflects a stock price nearly triple CoreWeave's previous offer.

Despite a recent revenue dip due to Bitcoin's halving event, Core Scientific's first-quarter net income more than doubled to $580 million. The company remains a significant player in the crypto space, holding 977 BTC. This potential acquisition highlights the ongoing evolution in the crypto mining and AI infrastructure sectors.