Credit: Shutterstock CoreWeave, an AI hyper-scaler partnered with GPU giant Nvidia, has expanded its existing contract to rent high-performance computing capacity from Core Scientific. Core Scientific is one of the largest owners and operators of cryptocurrency mining services in North America. CoreWeave was once a cryptocurrency mining outfit itself. It pivoted away from that business […]
Bitcoin miner Core Scientific’s (CORZ) shares surged as much as 40% in pre-market trading after cloud computing firm CoreWeave signed a 200 megawatts (MW) artificial intelligence (AI) deal and was also reported to have offered to buy the mining company in an all-cash offer. CoreWeave said to have made the offer on Monday, implying a […]
(Bloomberg) — CoreWeave Inc., a closely held cloud computing provider, has offered to acquire Bitcoin miner Core Scientific Inc. for $5.75 per share, a person with knowledge of the matter said. Most Read from Bloomberg CoreWeave’s all-cash bid for Austin, Texas-based Core Scientific was made on Monday, and comes as the company seeks to expand […]