Core Scientific’s stock rose more than 30% in midday trade to its highest level since January after The Wall Street Journal reported CoreWeave may be mounting a fresh takeover offer.
Shares of Core Scientific Inc. (NASDAQ: CORZ) are up Thursday following a report CoreWeave inc. (NASDAQ: CRWV) is in advanced discussions to acquire the bitcoin mining and hosting company.
Jack Dorsey, CEO of Block Inc. (NYSE:XYZ), expressed excitement about the upcoming delivery of the firm’s first Bitcoin (CRYPTO: BTC) mining hardware on Thursday, developed as part of its mining products
Bitcoin (CRYPTO: BTC) mining expenses rose sharply in the final quarter of 2024, with CoinShares reporting that the total average cost to produce one Bitcoin, including non-cash items, climbed to $137,018.
Applied Digital made the pivot in 2022 to explore HPC hosting in addition to hosting crypto miners and has been pursuing hyperscalers for their Ai data centers.
Rosenblatt analyst maintains Buy on TeraWulf with lowered price target; company well-positioned in Bitcoin mining and HPC, but underperforms peers due to execution and AI concerns.
Information technology stocks were buzzing among retail traders on Stocktwits last week as investors weighed in on the growing demand for AI data centers and more.
With CoreWeave being one of the key high-performance computing (HPC) customers of Core Scientific, HC Wainwright analysts think the $12 billion OpenAI deal bodes well for the Texas-headquartered company.
