The $9 billion deal is a play on AI power needs, but one analyst thinks the purchase price undervalues Core Scientific’s business and potential.

Amid the tightening sector, other Bitcoin mining operations have also lent their data warehouses out to AI companies, which require large amounts of computing power for tasks such

Core Scientific fell for a third day on Wednesday, shedding another 4.21 percent to close at $13.43 each as investor sentiment was dampened by news that it was being investigated by a shareholder law