Bitcoin Miner Core Scientific Gains as $9B Merger with CoreWeave Collapses
In a significant turn of events, CoreWeave's proposed $9 billion all-stock acquisition of Bitcoin miner Core Scientific has fallen through, sending CoreWeave's shares down over 5%. The deal, which faced strong opposition from Core Scientific's shareholders for undervaluing the company, collapsed after CoreWeave refused to increase its bid. Meanwhile, Core Scientific's stock saw a similar upward movement, reflecting market skepticism about the merger's terms. CoreWeave CEO Michael Intrator acknowledged the challenges in reaching an agreement, highlighting the divergent valuations between the two companies. This development underscores the volatile nature of mergers in the cryptocurrency mining sector, where valuations are heavily influenced by Bitcoin's price dynamics and operational efficiencies. As of November 2025, the crypto market continues to watch closely how such failed deals might reshape the competitive landscape for Bitcoin mining operations.
CoreWeave Stock Plummets as $9B Merger with Core Scientific Fails
CoreWeave's shares tumbled over 5% after its proposed $9 billion all-stock acquisition of Bitcoin miner Core Scientific was rejected by shareholders. The deal, criticized for undervaluing Core Scientific, collapsed as CoreWeave refused to raise its bid despite opposition.
Core Scientific's stock ROSE by a similar margin, reflecting market skepticism about the merger's terms. CoreWeave CEO Michael Intrator acknowledged the rejection, stating the deal was non-essential to the company's strategy while respecting shareholder views.
Core Scientific Shareholders Reject CoreWeave's $9 Billion Takeover Bid
Shares of bitcoin miner and data center operator Core Scientific (CORZ) surged after shareholders rejected a $9 billion all-stock acquisition offer from AI infrastructure provider CoreWeave. The deal, one of the most-watched in the AI data center space, collapsed after CoreWeave refused to revise its bid despite shareholder objections that it undervalued the company.
CoreWeave, backed by Nvidia (NVDA), maintained its offer was fair, with CEO Michael Intrator stating Core Scientific wasn't critical to its AI cloud computing strategy. Analysts like Evercore ISI's Amit Daryanani supported this view. Meanwhile, Two Seas Capital and proxy advisor ISS argued Core Scientific has strong standalone prospects.
The rejection leaves Core Scientific at a crossroads as it navigates its future in the competitive Bitcoin mining and data center industry. Market participants will watch closely for the company's next strategic move.
CryptoAppsy Emerges as Essential Tool for Real-Time Market Tracking
The cryptocurrency market's relentless volatility demands constant vigilance. CryptoAppsy addresses this challenge with a lightweight, multilingual application delivering real-time price updates and portfolio management across iOS and Android platforms.
Aggregating data from global exchanges, the platform refreshes every five seconds—critical for catching arbitrage opportunities and sudden price movements. Its unified dashboard consolidates watchlists, portfolio analytics, and customized news feeds, eliminating the need to juggle multiple exchange interfaces.
Notable features include intelligent portfolio synchronization and instant coin discovery capabilities. The app's smart alert system has garnered perfect 5.0/5 user ratings, particularly valuable during periods of extreme market fluctuation when traditional monitoring methods fall short.
Jiuzi Holdings Surges 17% on $1B Bitcoin DeFi Partnership with SOLV Foundation
Jiuzi Holdings, Inc. (NASDAQ: JZXN) saw its stock price jump over 17% to $0.3251 following a landmark announcement. The company revealed a $1 billion Bitcoin DeFi initiative in partnership with SOLV Foundation, a leading decentralized finance platform with $2.8 billion in total value locked.
The collaboration will deploy up to 10,000 BTC into SOLV's yield-generating vaults, bridging traditional finance with decentralized protocols. Jiuzi positions itself as a regulated gateway for institutional investors seeking exposure to Bitcoin-based financial products.
This strategic move accelerates Bitcoin's evolution into a productive asset class. SOLV Foundation's SolvBTC infrastructure provides the technical framework, while Jiuzi contributes compliance expertise and institutional access.
IBIT ETF Faces Headwinds as Bitcoin Price Decline Drags Performance
The iShares Bitcoin Trust (IBIT) extended its losing streak, dropping 3.76% to $60.39 amid a broader cryptocurrency sell-off. Bitcoin's 3.38% retreat to $106,396 served as the primary drag, reflecting market unease following the Federal Reserve's tempered rate cut guidance.
Jerome Powell's cautionary remarks on persistent inflation and uncertain December policy trajectory reverberated across risk assets. Political developments compounded the pressure, with traders liquidating positions after President Trump's optimistic China trade deal comments triggered a 'sell-the-news' reaction.
Despite the short-term weakness, IBIT maintains an 18.28% year-to-date gain. Retail investor sentiment remains robust, with 1.9% of tracked portfolios holding exposure. Demographic data reveals particularly strong participation from investors aged 35-55.
Bitcoin Faces New Lows as Analysts Debate Bull Market's End
Bitcoin's recent price decline has dragged several altcoins to fresh lows, reigniting debates about the crypto bull market's longevity. Despite trading above $106,000, BTC remains 20% below its October 6 all-time high, with technical indicators flashing warning signs.
Analyst Jesse Olson points to a MACD bearish crossover on the 3-week chart—a pattern that preceded cycle peaks in 2017 and 2021. Meanwhile, pseudonymous trader Mister notes the current 558-day post-halving period aligns with historical cycle tops observed after 518-580 days following previous halvings.
The market's weakness contradicts persistent bullish narratives, forcing traders to reassess whether this is a temporary correction or a macro trend reversal. Liquidation cascades have been particularly brutal for leverage-heavy altcoins, though Bitcoin's relative stability suggests capital isn't exiting crypto entirely.
