The Wall Street Journal said in its report dated June 26, 2025, that the AI cloud infrastructure provider, CoreWeave, has reopened talks to buy Core Scientific, a well-known Bitcoin miner.
Per the reports, the negotiation once again began after a year. The Core Scientific board dismissed the initial offer of $5.75 per share ($1 billion); reportedly said that the deal at that time was dismissed, calling it as ‘significantly undervaluing.’
However, following this negotiation news, the stock on June 25, 2025, closed with an uptick of 33.01% reaching $16.36.
As per people familiar with the matter, Core Scientific and CoreWeave have announced 12 contracts (with two 5-year options) over the past year, totalling ~$10bn for Core Scientific to provide CoreWeave with ~590 MW of capacity (~800 MW gross).
An X post from an account ‘ Eric Jason’ notes that, “ Core Scientific’s only direct capital outlay was the $104 million associated with the 70 MW expansion. Core Scientific receives a 75%-80% profit margin on the CoreWeave contract, which implies that Core Scientific receives a profit of ~$7.75bn at the midpoint.”
Core Scientific stock price and financial updates
Core Scientific has remained one of the most popular Bitcoin miners in the world, and in 2024, the company was able to mine 6,595 BTCs; and in the same year, it was reported that Core’s customers earned an estimated 18 Bitcoins in the last year.
According to the data from TradingView, Core Scientific stock (CORZ) added 35.45% to its price in a weekly frame, surged more than 49% in a month, and in the 52-week time frame, it grew nearly 73%.
It is worth noting that the reported EPS of Core Scientific in Q1, 2025 was $1.25, which was nearly 1,170% greater than the estimates, and in the same frame, the revenue of the company was $79.52 million, which was 7.74% less than the estimated revenue.
For the second quarter of 2025, the estimated revenue of the company is $82.87 million, and the EPS is negative $0.08; in the entire year, the company is expected to report $430.43 million, and the EPS for the year is $1.36.
Yet it is crucial to note, Core Scientific failed to meet the revenue estimates by 1.24% in 2024, and EPS was -5.69% below the estimated EPS.
When writing, the market capitalization of Core Scientific was $4.87 billion, which has reportedly experienced a surge of 33.01% in the past 24 hours, and in 2025, it is up by 24.18% in wholesome compared to the capitalization in 2024.
