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businessJun 26, 202535:31pending

CoreWeave Eyes Core Scientific Acquisition, Bit Digital Spinning out WhiteFiber, HIVE Earnings & RIOT/BITF News!

Power Analysis

About this episode

CoreWeave puts in a second offer to acquire Core Scientific, following the initial billion-dollar bid rejection last year, causing mining stocks with HPC exposure to surge dramatically. The market appears to finally recognize the value of Bitcoin miners' data center infrastructure, with shares of companies like Terawulf, Iren, and Cipher all seeing double-digit percentage price increases.

• CoreWeave resuming acquisition talks with Core Scientific, valuing the company at potentially over $4.6 billion
• Core Scientific shares surge 25-30% following the news announcement
• Bit Digital announces $75 million share offering at $2.00 per share
• Bit Digital pivoting to become an Ethereum treasury and staking-focused company
• Bit Digital filing confidential IPO registration for White Fiber subsidiary
• Hive Digital reports $115 million in revenue and $56.2 million adjusted EBITDA for fiscal year
• Hive targeting growth from current 6 exahash to 25 exahash by year-end
• Hive projecting HPC revenue growth from $20 million to $100 million annualized
• Riot continues selling Bitfarms shares, now down to 13.4% ownership
• Miner Madness 3.0 winner achieving 379% return in three months with Gryphon, Core Scientific, and IREN

Like the video and subscribe to the McNally Money channel. Let us know in the comments section if you're currently holding any of these miners and what you thought about today's headlines.

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CoreWeave Eyes Core Scientific Acquisition, Bit Digital Spinning out WhiteFiber, HIVE Earnings & RIOT/BITF News!

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