Core Scientific Sees 15% Stock Plunge as Microsoft Scales Back CoreWeave Engagement
Core Scientific, the bitcoin mining company, experiences a significant drop in shares following Microsoft's decision to withdraw from certain agreements.
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Core Scientific, the bitcoin mining company, experiences a significant drop in shares following Microsoft's decision to withdraw from certain agreements.
Core Scientific's shares plummeted 18% following reports of Microsoft scaling back its partnership with CoreWeave, a firm critical to its operations.
CoreWeave is set to enhance its cloud computing capabilities with the $1.7 billion acquisition of AI developer platform Weights & Biases.
CoreWeave aims to secure $4 billion in its initial public offering, with a potential valuation of $35 billion, following a significant revenue report.
CoreWeave, an AI technology firm, aims to file for a U.S. IPO seeking a valuation exceeding $35 billion.
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