News list for " corewoven"
Two Seas Capital (6.3%), the third-largest shareholder in bitcoin miner Core Scientific (CORZ), has spoken out against an all-stock bid by AI Cloud as a Service provider CoreWeave (CRWV), saying the deal structure is flawed, undervalued and heavily skewed toward the acquirer, posing undue risk to shareholders. Two Seas said that while supporting the strategic merger direction, the current terms do not reflect Core Scientific's value in the high-performance computing infrastructure space, calling...
Northland Capital sharply raised its target price for CoreWeave from $85 to $165, a 94% increase.
Core Scientific announced a new contract with CoreWeave to deliver approximately 70 trillion watts of additional infrastructure to host high-performance computing operations. The site remodel is expected to begin in the second half of 2024 and is expected to be operational in the second half of 2025. This new 12-year HPC escrow contract will further increase Core Scientific's exposure to the multi-year dollar-denominated revenue of the contract. From revenue to gross margin, the new contract wit...
