Core Scientific (CORZ) has rejected the $1 billion buyout provide from cloud computing agency CoreWeave, the agency stated in a press launch on Thursday.
Core Scientific’s board believes that CoreWeave’s provide to purchase the bitcoin (BTC) miner for $5.75 per share considerably undervalues the agency.
The cloud computing agency’s made the provide to purchase the miner on Tuesday, the identical day the 2 corporations signed a 200 MW deal to host CoreWeave’s high-performance compute (HPC) companies.
Shares of Core Scientific had jumped almost 40% on Tuesday after the information of the 2 offers. On the time of writing, Core Scientific was buying and selling flat in pre-market buying and selling at $7.12.