What impact could CoreWeave's acquisition of Core Scientific have on the Bitcoin mining landscape?
CoreWeave, a leading high-performance computing (HPC) and artificial intelligence company, announced the acquisition of Core Scientific, one of the world's largest Bitcoin miners, in a deal valued at approximately $9.000 billion. This move not only marks a strategic shift for both companies, but could also have significant implications for the Bitcoin network and its hash power.
BUY BITCOIN ON BIT2MECoreWeave acquires Core Scientific
CoreWeave, which began as an Ethereum miner, has rapidly evolved into AI infrastructure, positioning itself as one of the most important hyperscalers in the market. Its clients include tech giants such as OpenAI and Microsoft, reflecting its ability to handle complex, large-scale workloads.
On the other hand, Texas-based Core Scientific had established itself as one of the largest public Bitcoin miners. At its peak, it operated at nearly 19.700 petahashes per second, equivalent to about 3% of the Bitcoin network's global hash power. This capacity gave it a significant role in securing and validating transactions within the blockchain.
However, with CoreWeave's acquisition of Core Scientific, the mining company's operations could come to an end. Experts say this would have significant implications for the Bitcoin network, as CoreWeave could use Core Scientific's capabilities to optimize the efficiency and scale of its facilities for training AI models.
What does the Core Scientific purchase transaction entail?
The transaction, expected to close in the fourth quarter of 2025, will be conducted entirely in stock. Core Scientific shareholders will receive 0,1235 shares of CoreWeave Class A stock for each share they own. Although the transaction has been presented as a joint growth opportunity, it has also generated controversy: Core Scientific shares fell 17% following the announcement, and a legal investigation has been launched into the fairness of the deal.
TRADE WITH BITCOIN HEREMost importantly, CoreWeave has no plans to continue mining Bitcoin. Its intention is to repurpose Core Scientific's facilities to train large-scale artificial intelligence models, taking advantage of the 1,3 gigawatts (GW) of energy capacity it will now control thanks to this acquisition.
CoreWeave CEO Michael Intrator emphasized that the acquisition will strengthen the technological infrastructure for clients developing AI. Core Scientific's Adam Sullivan assured who will be well positioned to lead this new stage of innovation.
Bitcoin: Unstoppable growth and a strengthening network
The Bitcoin network continues to demonstrate its strength, even amid such significant changes. In April 2025 it surpassed the zettahash per second (ZH/s), reaching a power output exceeding 1.000.000 EH/s. This impressive growth has been driven by the adoption of more efficient equipment, the expansion of large mining farms, and institutional interest in the crypto ecosystem as a financial alternative.
Thus, despite Core Scientific abandoning mining, Bitcoin maintains its position as the most secure and decentralized blockchain on the market. Its architecture, based on thousands of globally distributed nodes, ensures that no single actor has absolute control over the network. Furthermore, its difficulty adjustment mechanism allows the system to self-regulate in the face of fluctuations in computing power, preserving the stability and security of transactions.
Source: Coinwarz
The consensus proof of work, Although questioned for its energy consumption, it remains the most proven in terms of security and, thanks to the competition between miners, any drop in the hash rate is usually quickly compensated.
Therefore, even if Bitcoin mining loses one of its giants, the network will continue to demonstrate that it can adapt and evolve.
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