Event-driven investment firm Pentwater Capital has taken an 8.5% stake in Core Scientific, becoming one of the key hedge fund shareholders in the bitcoin miner and data center operator.
Pentwater reported owning 26 million shares of Core Scientific, or 8.5 per cent, according to its latest Schedule 13G filing on Friday. Core Scientific's shares have retreated 35 per cent since hitting an all-time high of $22.90 last month. At its current share price of about $15, the position is worth about $400 million. Pentwater manages about $18 billion in assets and was one of Twitter's top 10 shareholders before Elon Musk's acquisition.
The disclosure follows a similar increase by Situational Awareness, another AI-focused hedge fund, which increased its holdings in Core to 9.5% last month.
Last month, Core Scientific shareholders rejected Core Weave's proposed merger agreement, while the company maintained its business focus: bitcoin mining and high-performance computing infrastructure.
Pentwater Capital has announced an 8.5% stake in Core Scientific
2025-11-21 05:04:37
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