Core Scientific Plunges 17.22% Amid Crypto Volatility, Acquisition Deal

Generated by AI AgentAinvest Pre-Market Radar
Monday, Jul 7, 2025 9:04 am ET1min read

On July 7, 2025, Core Scientific's stock experienced a significant drop of 17.22% in pre-market trading, reflecting a notable shift in investor sentiment.

Core Scientific's recent stock performance can be attributed to several key factors. The company's involvement in the cryptocurrency market, particularly with

(BTC), has been a significant driver of its stock price. The ongoing volatility in the crypto market, characterized by a 'risk-off' sentiment, has led to a decline in long-term options, impacting Core Scientific's stock negatively.

Additionally,

is in the midst of a major acquisition deal. has announced plans to acquire Core Scientific in an all-stock deal valued at approximately $9 billion. This acquisition, if completed, could have significant implications for Core Scientific's future operations and stock performance. Investors are closely monitoring the progress of this deal, as it could potentially stabilize or further impact the company's stock price.

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