According to Jinse, event-driven investment firm Pentwater Capital has disclosed an 8.5% stake in Core Scientific, a Bitcoin miner and data center operator, through a Schedule 13G filing. The firm holds 26 million shares, valued at approximately $400 million at the current $15 stock price. Core Scientific's stock has fallen 35% from its $22.90 peak in October. Pentwater, which manages around $180 billion in assets, was previously among Twitter's top 10 shareholders before Elon Musk's acquisition. This follows a similar move by AI-focused hedge fund Situational Awareness, which increased its stake in Core Scientific to 9.5% last month. Earlier this month, Core Scientific shareholders rejected a merger proposal from CoreWeave, and the company continues to focus on Bitcoin mining and high-performance computing infrastructure.
Pentwater Capital Discloses 8.5% Stake in Core Scientific
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