In brief
- Bitcoin miner Core Scientific and AI powerhouse CoreWeave announced a $9 billion all-stock merger, one of the largest crypto-adjacent M&A deals ever.
- Bitcoin spot ETFs recorded $1.17 billion in net inflows Thursday, marking their second-largest day since launch.
- BIT Mining stock surged 83% after the company announced a $300 million pivot to begin a Solana treasury.
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies.
This week: CoreWeave and Core Scientific plan to make it official, Bitcoin ETFs are booming, a BTC and Dogecoin miner embraces Solana, and Bitcoin’s biggest treasury holder takes a week off from the buying grind.
Core fusion dance
Bitcoin miner Core Scientific and newly public AI powerhouse CoreWeave have decided to do the fusion dance in a staggering $9 billion all-stock transaction.
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Author: Stacy Elliott
