CoreWeave Inc (NASDAQ:CRWV) just made a big move — but the market didn’t applaud. Shares of Core Scientific Inc (NASDAQ:CORZ) plunged nearly 21% on Monday, even as AI cloud provider CoreWeave announced it will acquire the Bitcoin (CRYPTO: BTC) miner in an all-stock deal.
The twist?
Beth Kindig, CEO and Lead Tech Analyst at I/O Fund, flagged the valuation in a post on X: