Core Scientific shares jumped 33% after a report that CoreWeave is in talks to acquire the bitcoin miner.
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Core Scientific
shares surged 35% on Thursday following a report from The Wall Street Journal that artificial intelligence infrastructure vendor CoreWeave
is in talks to acquire the bitcoin mining and hosting provider.
Shareholders have raised opposition to CoreWeave's acquisition of Core Scientific saying the price is too low.
Whether the acquisition of Core Scientific by CoreWeave goes ahead will provide a signal on investor confidence in the technology
Roth Capital Partners believes that shares of Core Scientific could rally 27% from here.
Nvidia purchased CoreWeave Class A common stock at $87.20 per share.
CNBC's Jim Cramer noted data center delays at sites in Texas, Oklahoma and North Carolina tied to Core Scientific.
CoreWeave was once all in on crypto. Now the AI company has helped another crypto miner pivot.
