Overview

• CoreWeave has resumed talks to acquire Core Scientific after a failed $1.02 billion proposal in June 2024.
• Shares of Core Scientific rose about 8% on June 26, boosting its valuation to nearly $4 billion.
• The companies could finalize a deal in the coming weeks, though specific terms have not been disclosed.
• CoreWeave has surged nearly 300% since its March 2025 IPO and recently secured a $4 billion contract with OpenAI.
• The potential deal underscores growing consolidation in the energy-intensive crypto mining and AI infrastructure sectors.