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Core Scientific Shares Skyrocket on Renewed Deal Talks with AI Powerhouse

  • Shares of Core Scientific surged on renewed deal talks with AI powerhouse, resulting in one of its busiest days on the market since returning to Nasdaq in early 2024.
  • The potential acquisition stems from a $10.2 billion deal inked in mid-2023 for Core Scientific to provide AI-ready infrastructure, following CoreWeave's previous failed buyout attempt in 2024.
  • Core Scientific has shifted focus from crypto mining to AI infrastructure, leading to significant market cap growth and positioning as a key AI infrastructure provider.
  • Talks between Core Scientific and CoreWeave have resumed, potentially resulting in CoreWeave becoming the full owner, enhancing control over infrastructure for compute-heavy operations.

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