Core Scientific Stock Jumps 32% on CoreWeave Acquisition Talks

Core Scientific, a prominent player in the digital infrastructure sector, experienced a significant surge in its stock price, jumping as much as 32% following reports of a potential acquisition by CoreWeave. This development comes as CoreWeave aims to expand its AI infrastructure capabilities. CoreWeave had previously offered $5.75 per share in 2024, but Core Scientific rejected the bid, deeming it insufficient. As of the latest reports, Core Scientific's stock price has climbed past $16, pushing its market capitalization to approximately $4.4 billion.

Since March, CoreWeave’s shares have soared by 350%, and this acquisition would mark its first major corporate deal since going public. The renewed talks between the two companies have sparked market interest, with both parties resuming advanced discussions. If no issues arise, the deal could be finalized in the coming weeks. The exact terms of the agreement remain undisclosed, but the market is already reacting positively to the prospect of a transaction that could reshape the digital infrastructure landscape in the United States.

CoreWeave, specializing in cloud infrastructure for artificial intelligence, had previously attempted to acquire Core Scientific in 2024 with a $5.75-per-share offer, valuing the company at just over $1 billion. Core Scientific rejected the proposal as too low and has since doubled its market value. This Thursday, its shares hit $16.18, their highest intraday level since June 2024, lifting its market capitalization to around $4.4 billion.

Although the acquisition didn’t happen at the time, the two companies established a long-term operational relationship. In June 2024, they signed 12-year contracts for 200 megawatts of hosting capacity for CoreWeave, securing multi-billion-dollar revenue streams for Core Scientific and reinforcing its role as a key infrastructure provider for bitcoin mining and high-performance computing.

CoreWeave’s stock has surged nearly 350% since its public debut in March 2025, driven by intense investor demand for companies tied to AI infrastructure. Acquiring Core Scientific would not only enhance its operational capabilities but also give it access to the high-energy infrastructure needed to support specialized data centers. If the deal moves forward, it would be CoreWeave’s first large-scale corporate transaction since going public. For now, both companies have declined to comment on the ongoing talks, though market interest signals that a resolution could arrive soon.