CoreWeave to Buy Core Scientific, Bit Digital Completes Pivot to ETH, IREN & CLSK Production Analysis!

CoreWeave makes a $9 billion acquisition offer for Core Scientific in an all-stock deal valuing shares at $20.40, while BitDigital pivots to a full Ethereum treasury strategy causing shares to soar over 30%.

• CoreWeave's acquisition offer values Core Scientific below many analyst expectations
• Deal structure ties final value to CoreWeave's share price at closing, potentially in Q4 2024
• Bit Digital converts entire Bitcoin holdings to Ethereum, now holding over 100,000 ETH
• Bitcoin treasury companies like MetaPlanet and Smarter Web trading at 5-7x premiums to holdings
• CleanSpark and IREN both achieve 50 exahash milestone with June production of 685 and 620 Bitcoin
• IREN announces "Horizon 2" expansion plans for high-performance computing
• Bitcoin hash price near yearly highs at $58+ with difficulty adjustment coming July 11
• Miner Madness 4.0 competition begins with some participants already up double digits on day one

Let us know in the comment section below how you're feeling about the Bitcoin mining space, the Core Scientific offer price, and BitDigital's trading action today.

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