Core Scientific Shares Drop Amid Microsoft Decision

Core Scientific Shares Plummet Following Microsoft Contract Changes

On Thursday morning, shares of bitcoin miner Core Scientific (CORZ) experienced a 15% decline in pre-market trading. The drop was linked to reports that technology giant Microsoft (MSFT) has retracted from certain agreements with the soon-to-be public cloud computing company CoreWeave.

Core Scientific's Expansion Plans Unfold

Just last month, Core Scientific announced its ambitious plan to expand its data center capacity with a $1.2 billion investment in collaboration with CoreWeave. Simultaneously, CoreWeave is preparing for its initial public offering this week, aiming to gather $4 billion, estimating its worth at $35 billion.

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