Deal history and strategic reversal

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Core Scientific had filed for bankruptcy in late 2022 and emerged from it in early 2024 amid a pivot to AI partnerships.
CoreWeave and Core Scientific signed a series of 12-year contracts, including agreements where Core Scientific agreed to supply 200 MW of infrastructure to CoreWeave to power its computing services.
Core Scientific initially rejected CoreWeave's June 2024 takeover offer stating it as undervalued.

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