In a research note released late Thursday, Cantor Fitzgerald says Core Scientific (CORZ) could fetch over $30 per share in a potential acquisition by cloud compute giant CoreWeave, citing both the long-term cash flows from its AI contracts and the …
It’s raining institutional activity across all corners of the digital asset ecosystem. Core Foundation, which leverages Bitcoin’s security and infrastructure to create a Proof-of-Stake (PoS) layer and a DeFi ecosystem, announced BitGo and KODA as …
The debate over Bitcoin’s OP_RETURN heats up, as developers of Bitcoin Core – the most popular node software – said they plan to scrap OP_RETURN entirely in the next release. The OP_RETURN limit is an 80-byte cap on the amount of arbitrary veri that …
AI cloud provider faces setback as major client pulls back.
The deal is valued at $1.7 billion, The Information reported.
The company is expected to raise $4 billion at a $35 billion valuation.
The AI firm is targeting a valuation of over $35 billion, according to the report.
The expansion will significantly increase Core Scientific’s AI and cloud computing capacity and increase total projected revenue to $10.2 billion over 12-year contract terms.
The ability to earn yield on bitcoin and potentially unleash a new wave of liquidity into the DeFi ecosystem has become a hot topic of late.
The shares are now available at a deep discount, the report said.