The company initially closed a $500 million loan facility that includes an accordion feature allowing the total commitment to expand to $1 billion..
CORZ still holds under 1,000 BTC but look to "remain opportunistic" moving forward.
Riot Platforms topped revenue estimates as it reported earnings for the final three months of 2025.
CoreWeave share price falls below $100 for the first time since September after Q4 warning and lingering pressure from the failed Core Scientific deal.
Wall Street broker Bernstein said bitcoin miners are fast becoming an essential part of the AI value chain.
The bitcoin miner turned AI infrastructure play has more than 50% upside, said the bank.
The widely-panned takeover attempt failed a shareholder vote failed a shareholder vote.on Thursday.
The bank said investors are likely to vote down the deal on Oct. 30, betting Core Scientific can create more value on its own.
The investment bank upgraded the stock to buy from neutral and set a new price target of $25.
The bank also reaffirmed TeraWulf (WULF) as its top pick in the sector.
Michael Intrator calls the deal a “nice to have” as ISS and major investors urge shareholders to reject the proposed acquisition.
The company calls its offer for CORZ “best and final” as it counters hedge fund criticism and urges investors to back the deal.
CoreWeave secures $14.2 billion dollar Meta contract, draws bullish analyst coverage, and awaits Core Scientific merger vote.
The bank reiterated its buy rating on CORZ and raised its price target for the bitcoin miner to $22 from $16 to reflect the CoreWeave acquisition.
Two Seas Capital has come out against Core Scientific's proposed all-stock acquisition by AI cloud provider CoreWeave.
The deal, however, appears to be a "one-off," and unlikely to be replicated.
The firm's analysts expect shareholder approval for the transaction, with no indication of delays to the closing timeline.
CoreWeave, a rising player in the artificial intelligence industry, has entered a definitive agreement to acquire Bitcoin mining company Core Scientific in an all-stock transaction, according to a July 7 announcement. This strategic move would help CoreWeave to strengthen its data center capabilities and expand its AI and high-performance computing (HPC) infrastructure. Agreement terms Under the […]
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Deal valued at $20.40/share marks second acquisition attempt; KBW sees limited upside for Core Scientific shareholders.
The deal aligns with CoreWeave's post-IPO growth strategy, leveraging its strong equity position to drive large-scale M&A, according to the investment bank.
The deal values Core Scientific shares at $20.40, a 66% premium to its price late last month, with each Core Scientific share being swapped for 0.1235 CoreWeave shares.
A number of bitcoin miner shares are moving higher on the news.
Whatever is good for CoreWeave is probably good for Core Scientific, but the IPO might not be the most important recent development.
AI cloud provider faces setback as major client pulls back.
The company is expected to raise $4 billion at a $35 billion valuation.
Finance veteran to succeed Denise Sterling as CFO, shares are up 2% in pre-market trading.
The expansion will significantly increase Core Scientific’s AI and cloud computing capacity and increase total projected revenue to $10.2 billion over 12-year contract terms.
Public bitcoin miners are rushing to build AI business lines, but there’s still room for their original mandate, says this investment bank analyst.
The three companies offer varying degrees of exposure to the world's largest cryptocurrency, the report said.
Michael Saylor has raised $6 billion in convertible bonds, with $18 billion more to come. His strategy is unprecedented — here’s how it works.