Core Scientific, Inc. - Common Stock (CORZ)

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CoreWeave will unveil the project at a CEO roundtable with Trump during an Energy and Innovation Summit at Carnegie Mellon University.

CoreWeave announces plans to invest $6 billion in building AI data center in Pennsylvania, boosting innovation and creating jobs.

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Core Scientific's HPC and AI progress is overshadowed by investor concerns over its all-stock merger with CoreWeave.

CoreWeave Inc's acquisition of Core Scientific Inc is expected to add 150-200MW of IT capacity for HPC and AI, but analyst Mike Cikos downgraded stock to Hold due to higher capital expenditure and potential divestment.

Despite a 3% drop in Bitcoin's (CRYPTO: BTC) network hashrate in June, daily miner revenues soared to approximately $55,300 per exahash per second (EH/s), one of the highest profitability levels this year, according to a commentary shared with Benzinga by the analytics tea

CoreWeave, Inc. (NASDAQ: CRWV) to acquire Core Scientific, Inc. (NASDAQ: CORZ) in $9B all-stock deal to enhance data center footprint and increase profitability. Analyst maintains Neutral rating.

CoreWeave Inc acquires Core Scientific Inc for $9 billion, with expected cost savings and transformation to direct ownership of HPC-grade capacity.

U.S. stock futures were fluctuating on Tuesday after trimming gains on Monday. Futures of major benchmark indices were trading mixed.

CoreWeave's acquisition of Core Scientific is a strategic move to vertically integrate its power supply, creating a powerful competitive advantage in AI.