
Is This My Beautiful Bitcoin Baby?
Groovy news my friends! Core Scientific the Bitcoin mining dudes saw their stock prices rocket up a whopping 35% on Thursday. Thirty five percent! That's more than I've ever gotten on a free love offer baby! Word on the street – or should I say the Wall Street Journal – is that CoreWeave those AI infrastructure cats are thinking about snapping up Core Scientific. Oh behave! This is getting exciting!
Halted Then Hot!
Things got so hot the stock was briefly halted like my career after 'Austin Powers in Goldmember'. But then like me at a swingers party it bounced right back! This is their second biggest rally since they returned to the Nasdaq earlier this year. Seems like this could be a game changer baby!
Billions? Yes Please!
Apparently this deal has been brewing for a while like a good cup of English tea. These cats are already in a long term relationship with billions of dollars at stake. Billions baby! I like the sound of that. Makes my Austin Powers mojo tingle!
Five Times the Fun!
Now Core Scientific is sitting on a market cap close to $5 billion. That's like five times the valuation of CoreWeave's previous offer! Looks like someone got themselves a bargain! This is going to be bigger than me and Mini Me's matching outfits!
From Bitcoin to Bytes!
Core Scientific have been doing the whole 180 since escaping bankruptcy last year transforming from being a Bitcoin miner to an AI player. Its like Goldmember turning into a yoga instructor. Their partnership with CoreWeave could generate a commitment of over $10 billion dollars. Wowza!
But Can They Dig It?
Analysts are warning that supporting AI is no easy feat. You can't just repurpose hardware baby! It's like trying to turn a shaguar into a spaceship. Core Scientific didn't respond to comment. But a CoreWeave spokesperson had nothing to say. I'm sure they're just too busy counting their money and enjoying the mojo!
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