The Latest Breaking News from Core Scientific

The SP 500 index soared to record highs on Thursday, marking a significant recovery from the steep selloff experienced just a few months ago. The market rebound is driven by easing trade tensions, robust corporate earnings, and receding recession fears.

Shares of crypto miners Applied Digital Corp (NASDAQ:APLD), Galaxy Digital Inc (NASDAQ:GLXY) and IREN Ltd (NASDAQ:IREN) all closed higher Thursday in sympathy with Core Scientific Inc (NASDAQ:CORZ). Core Scientific’s stock gained on reports that AI cloud firm CoreWeave Inc (NASDAQ:CRWV) is in discussions to acquire it.

Shares of Core Scientific Inc. (NASDAQ:CORZ) are up Thursday following a report suggesting CoreWeave inc. (NASDAQ:CRWV) is in discussions to acquire the bitcoin mining and hosting company.

Grayscale Investments has launched the Bitcoin Miners ETF (MNRS), a new fund that allows investors to tap into the growing Bitcoin mining sector.

Here's why Bitcoin mining stocks such as Core Scientific and Iris Energy could be poised to tap into the AI boom in the upcoming decade.

CoreWeave has already expanded a relatively new contract for data center capacity to meet accelerating demand for its AI cloud services.

Core Scientific mined a significant amount of Bitcoin in the first quarter of the year, even as it just emerged from bankruptcy in January.

Core Scientific has bounced back from its bankruptcy in late 2022 due to the slump in Bitcoin prices to mine Bitcoin worth around $1.4 billion in 2023.

Core Scientific, a leading Bitcoin mining company, has received court approval for its restructuring plans as it navigates through a challenging period.

Prepare for a crypto comeback! Core Scientific, the resilient mining entity, plans to bounce back from bankruptcy and make a flourishing return in January.

Greed and bad decisions have left the once-booming Bitcoin mining industry reeling.