Galaxy, the Nasdaq-listed digital asset investment firm, said on Friday it has secured $1.4 billion in funding to expand its Helios data center in West Texas, part of the firm's…
In brief
CoreWeave’s revenue has tripled while its order backlog grew, but losses persisted and operating margins compressed to just 2% from 20% a year ago.
Shares fell by 10% after-hours as…
In brief
Bitcoin miner Core Scientific and AI powerhouse CoreWeave announced a $9 billion all-stock merger, one of the largest crypto-adjacent M&A deals ever.
Bitcoin spot ETFs recorded $1.17 billion in net…
Shares of bitcoin miner Core Scientific (CORZ) were downgraded to neutral from buy by broker H.C. Wainwright, which cited heightened risk exposure following the company's recently announced deal with AI…
CoreWeave (NASDAQ: CRWV), a major AI infrastructure company, announced today it will acquire Core Scientific (NASDAQ: CORZ), one of the largest Bitcoin mining and data center firms, in an all-stock…
In brief
AI hyperscaling company CoreWeave has said it will buy data center giant Core Scientific.
The $9 billion deal is expected to be completed by the end of the year.…
Cloud and AI infrastructure firm CoreWeave (CRWV) has agreed to buy crypto-mining data center operator Core Scientific (CORZ) for roughly $9 billion in stock.The agreement will swap each Core Scientific…
CoreWeave will acquire Core Scientific, the company announced Monday morning. The news comes after the two engaged in a lengthy battle last year that saw Core Scientific rejecting a bid from…
Tech investors love to pay for potential. GameFi tokens, with sky-high valuations divorced from current user numbers or revenues, embody this optimism perfectly — as CoinDesk investigated in 2022, Decentraland's…
CoreWeave’s (CRWV) stock surged 25% on Tuesday and climbing another 5% pre-market, bringing its year-to-date gains to a staggering 276%, following news of a $7 billion infrastructure deal with Applied…