Core Scientific, a prominent North American Bitcoin (CRYPTO:BTC) mining infrastructure operator, has turned down a non-binding acquisition proposal from CoreWeave, citing undervaluation.

Despite the rejection, Core Scientific's strategic alliance with CoreWeave through 12-year contracts highlights ongoing collaboration in high-performance computing (HPC).

This move aligns with Core Scientific's diversification strategy, aimed at balancing its portfolio between Bitcoin mining and alternative computing services, showcased by a recent $3.5 billion deal with CoreWeave.

Meanwhile, amid broader industry consolidation, Bakkt, another major player, is exploring strategic options, including a potential sale, reflecting the evolving landscape of the crypto and digital infrastructure sectors.