Core Scientific Shares Plunge 18% As Microsoft Pulls Back On CoreWeave Partnership
Shares of Bitcoin mining firm Core Scientific (CORZ) dropped 18% on 6 March 2025 following reports that Microsoft scaled back its commitment to CoreWeave, Core Scientific’s key partner. According to Financial Times, CoreWeave struggled to meet deadlines and faced material shortages, impacting its ability to support artificial intelligence (AI) model scaling. CoreWeave, a cloud computing firm…