CoreWeave Revives Acquisition Talks with Bitcoin Miner Core Scientific—Deal Heat Ramps Up

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2025-06-26 16:43:20

CoreWeave Back in Talks to Acquire Bitcoin Miner Core Scientific: WSJ

Cloud computing heavyweight CoreWeave is back at the negotiating table with Bitcoin miner Core Scientific, reigniting a deal that could reshape the infrastructure race in crypto.

Why now? Hashrate just got hotter than a GPU farm in July.

The potential acquisition—first floated last year—comes as miners scramble to lock in energy partners ahead of the next halving. Core Scientific’s distressed assets might look like scrap metal to Wall Street, but in this market? They’re a backdoor into cheap power contracts and pre-permitted facilities.

One banker’s trash is a crypto-native’s treasure—especially when you can flip the switch on 1,000 PH/s overnight.

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