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Bitcoin Miners in Turmoil: Core Scientific Plunges as CoreWeave Buyout Shakes Market—Jefferies Calls It ’Priced Right’

Bitcoin Miners in Turmoil: Core Scientific Plunges as CoreWeave Buyout Shakes Market—Jefferies Calls It ’Priced Right’

Author:
CoindeskEN
Published:
2025-07-07 14:29:04
19
1

Core Scientific, Bitcoin Miners Tumble on CoreWeave Buyout; Jefferies Says Price in Expected Range

Mining stocks take a nosedive as CoreWeave's acquisition sends shockwaves through the sector. Analysts shrug—'This was always the endgame.'

Jefferies' verdict? The bloodbath falls squarely within 'expected range.' Translation: Wall Street saw this coming from three halvings ago.

Meanwhile, crypto's favorite casino chips—mining rigs—keep spinning the wheel. Who needs fundamentals when you've got volatility?

|Square

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