Private cloud firm CoreWeave offers $1B all-cash bid to acquire Bitcoin miner Core Scientific.

CoreWeave, a private cloud computing firm, has made an all-cash bid worth about $1 billion to acquire Bitcoin miner Core Scientific. The offer comes after the two companies signed a series of 12-year contracts, where Core Scientific agreed to deliver about 200 megawatts of infrastructure to host CoreWeave's operations. CoreWeave's bid comes as the company seeks to expand its AI data center capacity.

June 04, 2024
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