CoreWeave Renews Acquisition Talks With Core Scientific Amid Stock Surge

CoreWeave, a cloud and AI infrastructure firm, is reportedly back in acquisition talks with Bitcoin mining giant Core Scientific (NASDAQ: CORZ), according to the Wall Street Journal. This comes roughly a year after CoreWeave’s initial $1 billion takeover attempt—offering $5.75 per share—fell through.

While specific terms of the renewed discussions remain undisclosed, sources say a deal could be finalized in the coming weeks. The market reacted swiftly to the news, sending CORZ shares soaring over 25% on the day, pushing the stock above $15 per share—nearly triple the previous offer price.

The surge in Core Scientific's stock highlights growing investor interest in the convergence of AI infrastructure and crypto mining. CoreWeave’s move underscores a broader industry trend, where data center and AI firms are increasingly eyeing Bitcoin miners for their power and computing capabilities.

Other crypto mining stocks also saw gains on the news, albeit more modestly. Shares of Hut 8 Mining (NASDAQ: HUT), Iris Energy (NASDAQ: IREN), and Cipher Mining (NASDAQ: CIFR) moved higher, reflecting increased optimism across the mining sector.

The potential deal marks another milestone in CoreWeave’s strategy to scale its infrastructure footprint amid the AI boom. Acquiring a company like Core Scientific, which holds one of the largest mining infrastructures in North America, would significantly bolster CoreWeave’s capacity for AI and high-performance computing.

As AI and blockchain technologies continue to intersect, this developing story could signal more M&A activity in the space. Investors and industry watchers are closely monitoring how the synergy between crypto mining and AI infrastructure will shape the next wave of digital innovation.