Core Scientific Soars 25% as WSJ Reports Buyout Talks With CoreWeave

One year after unsuccessfully trying to purchase Core Scientific (CORZ), cloud and AI infrastructure firm CoreWeave (CRWV) is again in talks with the bitcoin miner, according to the WSJ.

Exact terms haven't been discussed, but a deal could be finalized in coming weeks, according to the story.

Roughly one year ago, CoreWeave tried to acquire CORZ for $5.75 per share, or about $1 billion. Up 25% today on this news, CORZ is currently trading above $15 per share.

Among other miners moving higher (though not nearly the magnitude of CORZ) are Hut 8 (HUT), IREN (IREN), and Cipher Mining (CIFR).