Core Scientific Trading Volume Drops 36.53% to $913 Million Ranking 82nd Amid Acquisition Talks

On June 27, 2025, Core Scientific (CORZ) saw a trading volume of $913 million, a 36.53% decrease from the previous day, ranking 82nd in the day's stock market activity. The stock price of Core Scientific rose by 1.77%, marking the fourth consecutive day of gains, with a total increase of 46.70% over the past four days.

CoreWeave, a cloud provider, is reportedly in discussions to acquire Core Scientific, a Bitcoin mining and hosting provider. This comes after Core Scientific rejected an earlier acquisition attempt by CoreWeave in 2024, which valued the company at over $1 billion. The potential deal has sparked significant interest in the market, with analysts speculating on the potential valuation of Core Scientific.

Jefferies, a financial services firm, believes that the deal could value Core Scientific between $16 and $23 per share. The firm has set a price target of $16 for CORZ stock with a buy rating. Additionally, Cantor Fitzgerald has suggested that Core Scientific could be acquired by CoreWeave for over $30 per share, driven by AI contract cash flows and data center value.

At the heart of the bull case is a 12-year, $3.5 billion infrastructure lease that Core Scientific signed with CoreWeave in 2024. This lease is set to provide 200 megawatts of AI infrastructure, further solidifying the strategic partnership between the two companies. The potential acquisition has been driven by CoreWeave's interest in expanding its data center buildings and facilities management services.