CoreWeave’s $9B Core Scientific Grab: Genius Move or Desperate Play?
09.07.2025
1942
CoreWeave’s $9 billion all-stock deal to acquire Core Scientific sent shares lower as analysts raised concerns over profitability and lingering crypto market volatility.
CoreWeave just dropped a $9B bomb—buying Core Scientific in an all-stock deal. But Wall Street’s not clapping; shares tanked 3.6%. Ouch.
Analysts are side-eyeing the deal hard. D.A. Davidson’s Gil Luria straight-up said it adds zero to CoreWeave’s profits. Just locking down capacity, huh?
Core Scientific’s purchase doesn’t add any profits to CRWV. All they’re doing is ensuring CORZ doesn’t give its capacity to somebody else.
Mizuho’s team downgraded CoreWeave to 'Neutral'. After a 300% rally, they’re saying maybe pump the brakes a bit?
The Volatility Vibe Check
Crypto mining stocks like Core Scientific ride the Bitcoin rollercoaster—thrilling highs, nauseating lows. CoreWeave might inherit this wild ride, but will they keep the mining biz? The announcement hints at a pivot to HPC or AI. Smart or just trendy?
- • Bitcoin’s halving cycle hits miners hard—Core Scientific’s Q1 revenue and profits took a dive.
- • CoreWeave’s playing it coy: 'Maybe we’ll repurpose or ditch the mining biz.' Bold.
- • Other miners like Hive Digital are also jumping on the AI train. Bandwagon much?
So, is this a power move or a panic buy? Only time will tell, but for now, the market’s voting with its feet—and it’s walking away.
#Bitcoin mining#Artificial Intelligence#Corporate cryptocurrency investments#Cryptocurrency deals#Cryptocurrency market
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