Core Scientific (CORZ) has rejected an “unsolicited” $1 billion buyout offer from CoreWeave, deeming it significantly undervalued and not in the best interests of its shareholders. The proposal, which offered $5.75 per share, came shortly after the two companies signed a series of 12-year contracts for Core Scientific to provide 200 megawatts of infrastructure to support CoreWeave’s high-performance computing (HPC) AI services.
Produced by @Bitcoin_Magazine. • The most important crypto news of the day. • Only a few paragraphs . • One post per day. For advertising enquiries please contact me @BTCMagazineAdmin...
