09:25 AM EDT, 06/04/2024 (MT Newswires) -- (Updates to add stock move in the headline and last paragraph, and requests for comment in the fourth paragraph.)

CoreWeave has made an offer to acquire Core Scientific ( CORZ ) for $5.75 per share, Bloomberg reported Tuesday, citing a person with knowledge of the matter.

The all-cash offer was made Monday and comes as CoreWeave seeks to enhance its artificial intelligence data center capacity, Bloomberg reported, citing the person.

The offer represents a 55% premium to Core Scientific's ( CORZ ) three-month volume-weighted average price as of May 31, the person reportedly told Bloomberg.

CoreWeave and Core Scientific ( CORZ ) did not immediately respond to requests for comment from MT Newswires.

Shares of Core Scientific ( CORZ ) were up more than 30% in recent Tuesday premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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