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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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📄 More info 👉 https://www.gate.com/announcements/article/45695 - 🎉 Gate Alpha Second Points Special Airdrop is coming!
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📸 Alpha Points Snapshot: June 24, 16:00 (UTC)
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CoreWeave has once again proposed an acquisition of the Bitcoin mining company Core Scientific after its offer was rejected in 2024.
According to ChainCatcher news, citing The Block and the Wall Street Journal, cloud computing company CoreWeave has once again proposed an acquisition of the Bitcoin mining company Core Scientific, with the deal expected to be completed within weeks. This is CoreWeave's second attempt at acquiring the company after a $1 billion (at $5.75 per share) offer was rejected in June 2024. As a result of this news, Core Scientific's stock price surged 28% that day, raising its market capitalization to approximately $3.6 billion. Core Scientific went public through a SPAC merger in January 2022, and filed for bankruptcy protection in December of the same year due to a big pump in Bitcoin. After completing restructuring last year, it re-listed on Nasdaq. The two companies had previously signed a long-term cooperation agreement, where Core Scientific will provide about 200 megawatts of infrastructure to support CoreWeave's high-performance computing services. If this acquisition is successful, it will accelerate the integration of AI and cryptocurrency mining infrastructure.