If successful, this would mark CoreWeave's second acquisition attempt in two years and its first major move since going public, despite its stock currently being down 1.5%.

CoreWeave, which went public in March 2025 with a $75 billion capitalization, counts Microsoft as its largest customer, making up 62% of its 2024 revenue.

Core Scientific holds 977 BTC, making it the 30th largest corporate Bitcoin holder, and operates one of the largest digital infrastructure fleets in North America.

Core Scientific's market valuation is approximately $3.6 billion, suggesting that any potential offer would likely carry a significant premium.

Reports indicate that if negotiations proceed smoothly, a deal could be finalized within weeks, although financial details of the new offer remain undisclosed.

Shares of Core Scientific Inc surged over 25% following reports that CoreWeave Inc is in advanced talks to acquire the bitcoin mining company.

Currently, Core Scientific's trading price is above $15 per share, reflecting strong market interest amid the buyout discussions.

The ongoing negotiations have led to a significant 33.7% increase in Core Scientific's shares, which are now trading at $16.44.

Despite previously rejecting a takeover, Core Scientific and CoreWeave have formed a close operational relationship, including 12-year contracts for hosting capacity expected to generate billions in revenue.

Core Scientific is transitioning from a bitcoin mining focus to becoming a player in the AI infrastructure sector, converting its mining capacity to support high-performance compute workloads.

This partnership has been pivotal in Core Scientific's recovery post-bankruptcy, with plans to generate $10.2 billion in revenue commitments through joint projects.

The potential acquisition deal could be finalized in the coming weeks, indicating a significant deepening of their existing partnership.