One year after their first attempt to buy Core Scientific, CoreWeave, a company specializing in cloud and AI infrastructure, has reopened discussions to acquire the beleaguered bitcoin miner, as reported by the Wall Street Journal.

While specifics of the deal have not been unveiled, insiders indicate that an agreement could be reached within weeks.

Around a year ago, CoreWeave sought to purchase Core Scientific for approximately $5.75 per share, translating to an estimated $1 billion. Following the recent news, Core Scientific shares have surged by 25%, currently trading above $15 each.

In addition to Core Scientific, other mining companies experiencing a stock uptick include Hut 8, IREN, and Cipher Mining, although their increases are not as significant as Core Scientific’s.

Bitcoin mining rigs Bitcoin mining rigs (Shutterstock)