CoreWeave is in talks for the acquisition of Core Scientific, whose stock price has risen by 32%.

Gate News bot message, CoreWeave Inc. is in talks for the acquisition of data center operator Core Scientific Inc., whose stock price surged by 32% at one point.

The Wall Street Journal reported on Thursday that if all goes well, the two sides may reach an agreement in the coming weeks. The report cited unnamed sources familiar with the matter, stating that the specific terms remain unclear.

CoreWeave proposed an acquisition of Core Scientific for approximately $1 billion earlier last year. At that time, the two companies also announced a series of 12-year contracts under which Core Scientific would provide approximately 200 megawatts of infrastructure to support CoreWeave's operations.

On Thursday, Core Scientific's stock price surged to $16.18, marking the largest intraday gain since June 2024. Its current market capitalization is approximately $4.4 billion.

As of Wednesday's closing, the stock has fallen 12% so far this year.

Source: Bloomberg