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Core Scientific had its second-biggest day on the market since returning to the Nasdaq in early 2024. The rally came after The Wall Street Journal reported that the company is in talks to be acquired by CoreWeave. The deal, which could be finalized in weeks, follows a previously rejected bid from CoreWeave that valued the company at less than a quarter of its current market cap. Piotr Swiat | Lightrocket | Getty Images
Core Scientific shares surged 35% on Thursday following a report from The Wall Street Journal that artificial intelligence infrastructure vendor CoreWeave is in talks to acquire the bitcoin mining and hosting provider.
The company’s stock was briefly halted after the report, and then proceeded to have its second-sharpest rally since Core Scientific returned to the Nasdaq in January 2024 after completing a reorganization. Its biggest one-day gain came last June, when the shares popped 40% on