CoreWeave Option Alert: Jul 18 $130 Calls at the Bid: 1000 vs 270 OI; Earnings 8/14 After Close [est] 

CoreWeave Option Alert: Jul 18 $130 Calls at the Bid: 1000 @ $5.4 vs 270 OI; Earnings 8/14 After Close [est] Ref=$131.096

CoreWeave Option Alert: Jul 18 $85 Calls at the Ask: 99 vs 775 OI; Earnings 8/14 After Close [est] 

CoreWeave Option Alert: Jul 18 $85 Calls at the Ask: 99 @ $57.8 vs 775 OI; Earnings 8/14 After Close [est] Ref=$142.787

CoreWeave Option Alert: Jan 16 $100 Calls at the Ask: 200 vs 325 OI; Earnings 8/14 After Close [est] 

CoreWeave Option Alert: Jan 16 $100 Calls at the Ask: 200 @ $42.9 vs 325 OI; Earnings 8/14 After Close [est] Ref=$143.091

CoreWeave Option Alert: Fri $175 Puts at the Bid: 1100 vs 577 OI; Earnings 8/14 After Close [est] 

CoreWeave Option Alert: Fri $175 Puts at the Bid: 1100 @ $27.5 vs 577 OI; Earnings 8/14 After Close [est] Ref=$147.6

CoreWeave Option Alert: Sep 19 $170 Puts at the Bid: 100 vs 301 OI; Earnings 8/14 After Close [est] 

CoreWeave Option Alert: Sep 19 $170 Puts at the Bid: 100 @ $62.5 vs 301 OI; Earnings 8/14 After Close [est] Ref=$152.2

CoreWeave Option Alert: Jan 16 $90 Calls at the Ask: 100 vs 173 OI; Earnings 8/14 After Close [est] 

CoreWeave Option Alert: Jan 16 $90 Calls at the Ask: 100 @ $63.75 vs 173 OI; Earnings 8/14 After Close [est] Ref=$153.72

CoreWeave Option Alert: Jan 16 $80 Calls at the Ask: 124 vs 422 OI; Earnings 8/14 After Close [est] 

CoreWeave Option Alert: Jan 16 $80 Calls at the Ask: 124 @ $75.05 vs 422 OI; Earnings 8/14 After Close [est] Ref=$154.97

CoreWeave Option Alert: Jan 16 $80 Calls at the Ask: 154 vs 422 OI; Earnings 8/14 After Close [est] 

CoreWeave Option Alert: Jan 16 $80 Calls at the Ask: 154 @ $75.05 vs 422 OI; Earnings 8/14 After Close [est] Ref=$155.09

CoreWeave Option Alert: Fri $60 Calls at the Bid: 566 vs 0 OI; Earnings 8/14 After Close [est] 

CoreWeave Option Alert: Fri $60 Calls at the Bid: 566 @ $95.5 vs 0 OI; Earnings 8/14 After Close [est] Ref=$155.91

CoreWeave Option Alert: Sep 19 $280 Puts at the Bid: 50 vs 62 OI; Earnings 8/14 After Close [est] 

CoreWeave Option Alert: Sep 19 $280 Puts at the Bid: 50 @ $163.54 vs 62 OI; Earnings 8/14 After Close [est] Ref=$159.5

CoreWeave Option Alert: Sep 19 $280 Puts at the Bid: 50 @ $163.55 vs 62 OI; Earnings 8/14 After Close [est] Ref=$159.5

CoreWeave Option Alert: Jan 16 $90 Calls at the Ask: 138 vs 443 OI; Earnings 8/14 After Close [est] 

CoreWeave Option Alert: Jan 16 $90 Calls at the Ask: 138 @ $69.05 vs 443 OI; Earnings 8/14 After Close [est] Ref=$159.1

CoreWeave Option Alert: Jan 16 $90 Calls at the Ask: 129 vs 443 OI; Earnings 8/14 After Close [est] 

CoreWeave Option Alert: Jan 16 $90 Calls at the Ask: 129 @ $69.05 vs 443 OI; Earnings 8/14 After Close [est] Ref=$158.98

CoreWeave Option Alert: Fri $60 Calls at the Bid: 287 vs 0 OI; Earnings 8/14 After Close [est] 

CoreWeave Option Alert: Fri $60 Calls at the Bid: 287 @ $98.0 vs 0 OI; Earnings 8/14 After Close [est] Ref=$158.78

CoreWeave (NASDAQ:CRWV) Stock

CoreWeave

CoreWeave Inc is a modern cloud infrastructure technology company that offers the CoreWeave Cloud Platform which consists of proprietary software and cloud services that deliver the automation and efficiency needed to manage complex AI infrastructure at scale. Its platform supports the development and use of ground-breaking models and the delivery of the next generation of AI applications that are changing the way of living and working across the globe.

CoreWeave Inc

WIIM

CRWV

CoreWeave shares are trading lower following the recent announcement that it will acquire Core Scientific.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$430.00</td>
<td>$50.0K</td>
<td>10.7K</td>
<td>35.6K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$145.00</td>
<td>$31.1K</td>
<td>18.8K</td>
<td>19.4K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$240.00</td>
<td>$28.8K</td>
<td>8.7K</td>
<td>5.5K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$143.00</td>
<td>$94.8K</td>
<td>1.0K</td>
<td>4.5K</td>
</tr>
<tr>
<td>CRWV</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$135.00</td>
<td>$196.5K</td>
<td>1.4K</td>
<td>4.0K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$23.00</td>
<td>$25.5K</td>
<td>10.2K</td>
<td>3.8K</td>
</tr>
<tr>
<td>CIFR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/29/25</td>
<td>$4.50</td>
<td>$34.5K</td>
<td>0</td>
<td>1.7K</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$200.00</td>
<td>$54.2K</td>
<td>2.4K</td>
<td>1.6K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/01/25</td>
<td>$195.00</td>
<td>$48.0K</td>
<td>3.6K</td>
<td>1.6K</td>
</tr>
<tr>
<td>ACN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/01/25</td>
<td>$265.00</td>
<td>$99.8K</td>
<td>88</td>
<td>802</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bearish, is expiring today. Parties traded 200 contract(s) at a $430.00 strike. The total cost received by the writing party (or parties) was $50.0K, with a price of $250.0 per contract. There were 10796 open contracts at this strike prior to today, and today 35666 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on July 18, 2025. This event was a transfer of 74 contract(s) at a $145.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $31.1K, with a price of $421.0 per contract. There were 18819 open contracts at this strike prior to today, and today 19469 contract(s) were bought and sold. 
• Regarding ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on July 18, 2025. Parties traded 200 contract(s) at a $240.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $28.8K, with a price of $144.0 per contract. There were 8734 open contracts at this strike prior to today, and today 5527 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a put option trade that happens to be bullish, expiring in 7 day(s) on July 18, 2025. This event was a transfer of 300 contract(s) at a $143.00 strike. The total cost received by the writing party (or parties) was $94.8K, with a price of $316.0 per contract. There were 1072 open contracts at this strike prior to today, and today 4516 contract(s) were bought and sold. 
• For CRWV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), we notice a call option trade that happens to be neutral, expiring in 7 day(s) on July 18, 2025. This event was a transfer of 673 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $196.5K, with a price of $292.0 per contract. There were 1475 open contracts at this strike prior to today, and today 4082 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 500 contract(s) at a $23.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $51.0 per contract. There were 10272 open contracts at this strike prior to today, and today 3859 contract(s) were bought and sold. 
• For CIFR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>), we notice a put option sweep that happens to be bullish, expiring in 49 day(s) on August 29, 2025. This event was a transfer of 1380 contract(s) at a $4.50 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $34.5K, with a price of $25.0 per contract. There were 0 open contracts at this strike prior to today, and today 1732 contract(s) were bought and sold. 
• Regarding PANW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), we observe a call option trade with bullish sentiment. It expires in 35 day(s) on August 15, 2025. Parties traded 175 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $54.2K, with a price of $310.0 per contract. There were 2473 open contracts at this strike prior to today, and today 1694 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a put option sweep that happens to be bullish, expiring in 21 day(s) on August 1, 2025. This event was a transfer of 400 contract(s) at a $195.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $48.0K, with a price of $120.0 per contract. There were 3689 open contracts at this strike prior to today, and today 1662 contract(s) were bought and sold. 
• Regarding ACN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), we observe a put option sweep with bearish sentiment. It expires in 21 day(s) on August 1, 2025. Parties traded 644 contract(s) at a $265.00 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $99.8K, with a price of $155.0 per contract. There were 88 open contracts at this strike prior to today, and today 802 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

CIFR

INTC

MSTR

ORCL

PANW

PLTR

10 Information Technology Stocks With Whale Alerts In Today's Session

Thursday saw a positive close for U.S. stocks, with the Dow Jones index gaining over 190 points or 0.4% to 44,650.64. The S&amp;P 500 and the Nasdaq also rose, by nearly 0.3% and 0.1% respectively to 6,280.46 and 20,630.66. Investor sentiment improved, as indicated by the CNN Money Fear and Greed index <a href="https://www.benzinga.com/markets/equities/25/07/46336097/sp-500-surges-amid-rise-in-nvidia-shares-investor-sentiment-improves-fear-greed-index-moves-to-extreme-greed-zone">moving into the "Extreme Greed" zone</a>. This uptick in the market was despite the White House&#8217;s decision to delay the start of new tariffs to August 1, which initially sparked trade uncertainty.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
MP Materials Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) saw a significant surge, closing at a 50.62% increase. The stock closed at $45.23, with an intraday high of $48.12, and a low of $29.58. This comes after the company&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46348805/rare-earths-stocks-are-moving-higher-thursday-whats-going-on">announced a multi-billion dollar package</a>&nbsp;of investments and long-term commitments in partnership with the U.S. Department of Defense.
CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) experienced a dip, closing down by 9.6% at $138.29. Despite the day&#8217;s low of $136.01 and a high of $153.50, the company&#8217;s recent acquisition of Core Scientific Inc. <a href="https://www.benzinga.com/analyst-stock-ratings/downgrades/25/07/46347218/coreweave-grabs-core-scientific-yet-rising-expenses-fuel-doubt">signals a significant shift</a> in the tech landscape, raising questions about the overall value of its stock amid rising operational costs.
Levi Strauss &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) closed up by 1.70% at $19.73. The shares reached an intraday high of $20.09 and a low of $19.42. The company reported second-quarter revenue of $1.45 billion, <a href="https://www.benzinga.com/markets/earnings/25/07/46356144/levi-strauss-shares-jump-on-q2-earnings-revenue-beat-raised-outlook">beating analyst estimates</a> of $1.37 billion, and adjusted earnings of 22 cents per share, surpassing estimates of 13 cents per share.
American Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) saw a 12.72% increase, closing at $12.94. For the day, the stock touched a high of $13.18 and a low of $12.13. The company&#8217;s shares climbed higher, <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46344382/united-airlines-american-airlines-stocks-rise-on-deltas-bullish-forecast">riding on the tailwinds</a> of a strong second-quarter earnings report and an optimistic forecast from industry leader Delta Air Lines Inc.
Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) closed up by 4.15% at $144.16. The stock touched a high of $145.82 during trading on Thursday and a low of $141.85. The company&#8217;s shares traded higher after HSBC upgraded the stock from Hold to Buy and set a $200 price target, citing <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46353063/amd-stock-is-rising-thursday-whats-going-on">significantly higher expectations</a> for AMD&#8217;s artificial intelligence revenue in fiscal 2026.
Benzinga's Edge Stock Rankings indicate Levi Strauss &amp; Co. stock has positive Price Trends in the Short, Medium and Long terms. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">how it ranks</a> on other parameters.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="439" height="278" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10221002/Screenshot-2025-07-11-at-11.09.43.png" alt="" class="wp-image-980977" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10221002/Screenshot-2025-07-11-at-11.09.43.png 439w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/10221002/Screenshot-2025-07-11-at-11.09.43-300x190.png 300w" sizes="(max-width: 439px) 100vw, 439px" /></a></figure>
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next: 
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<li><a href="https://benzinga.com/news/25/07/46358788/cathie-wood-bets-another-1-million-on-tempus-ai-despite-jim-cramers-doubts-dumps-crypto-stocks-as-bitcoin-hi" target="_blank" rel="noreferrer noopener">Cathie Wood Bets Another $1 Million On Tempus AI Despite Jim Cramer&#8217;s Doubts, Dumps Crypto Stocks As Bitcoin Hits Fresh New Highs</a></li>
</ul>
Photo Courtesy: Who is Danny on Shutterstock.com
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

News

Markets

LEVI

MP Materials, Coreweave, Levi Strauss, United Airlines, And AMD: Why These 5 Stocks Are On Investors' Radars Today

General

CSCO

Cisco Reports A Stake Of 1.1M Shares Of Class A Common Stock In Coreweave  As Of June 30

The evolving landscape of high-performance computing (HPC) is reshaping how investors view traditional <a href="https://www.benzinga.com/topic/bitcoin-mining">bitcoin mining companies</a>, as evidenced by the recent downgrade of Core Scientific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>)
Needham analyst John Todaro downgraded Core Scientific from Buy to Hold. The analyst has not given a price forecast following the downgrade compared to his earlier forecast of $18.
Todaro highlights that the company&#8217;s investment case rests largely on the expanding opportunity in high-performance computing and AI infrastructure.
He notes that among bitcoin miners, Core Scientific stands out as an early mover in what's expected to become a rapidly growing, high-demand space for data center capacity.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/07/46306575/why-coreweaves-9-billion-deal-isnt-about-chips" rel="noreferrer noopener">Why CoreWeave&#8217;s $9 Billion Deal Isn&#8217;t About Chips</a>
With the increasing need for computing power to support AI, Bitcoin miners are seen as well-positioned to meet this demand, especially given current constraints on rack space and power.
Todaro notes that CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) announced all-stock acquisition of Core Scientific, expected to close in the fourth quarter of 2025, led to a 22% drop in Core Scientific shares—likely due to the stock-only nature of the deal, a lower-than-anticipated valuation, and limited arbitrage potential given CoreWeave&#8217;s borrowing constraints.
As a result, Todaro downgrades Core Scientific, aligning with his CoreWeave downgrade.
He sees the merger as strategically beneficial, adding 150-200MW of IT capacity for CoreWeave, and considers a competing offer from a major hyperscaler unlikely due to existing tenant ties.
While there&#8217;s a chance that Core Scientific shareholders could vote against the deal, insider and board support—representing approximately 14% of shares—makes approval more likely.
Apart from this, Core Scientific has made notable progress in HPC, including a recent multi-year agreement with CoreWeave.
The company now holds contracts for roughly 385 megawatts of HPC co-location capacity, representing over $500 million in potential annual revenue.
Todaro estimates Core Scientific will have 271 megawatts operational by the end of calendar year 2025 and 383 megawatts by the end of 2026, positioning it as one of the first, if not the first, bitcoin miners to bring a 100+ megawatt HPC facility online.
Furthermore, Core Scientific&#8217;s site portfolio is viewed as particularly suited for HPC due to proximity to metro areas and the presence of pre-installed fiber.
These attributes, Todaro adds, reduce the capital costs associated with converting bitcoin mining infrastructure to HPC, especially when compared to competitors operating in West Texas. Given Core Scientific's head start in the HPC space, its cost advantages, and the strong CoreWeave deal, he believes the stock warrants a 15x EV/EBITDA multiple on discounted 2026 projections.
Price Action: CRWV shares are trading lower by 5.19% to $145.17 at last check Thursday.
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</ul>
Photo: Shutterstock

Analyst Ratings

Movers

Core Scientific, Inc. - Class A Common Stock

CORZ

Core Scientific Downgraded Over Concerns On Acquisition Deal

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/11/25</td>
<td>$405.00</td>
<td>$156.5K</td>
<td>29.3K</td>
<td>34.7K</td>
</tr>
<tr>
<td>RPD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$30.00</td>
<td>$29.0K</td>
<td>106</td>
<td>4.0K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$170.00</td>
<td>$56.4K</td>
<td>41.7K</td>
<td>3.6K</td>
</tr>
<tr>
<td>CRWV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/11/25</td>
<td>$150.00</td>
<td>$70.7K</td>
<td>4.0K</td>
<td>3.3K</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$19.00</td>
<td>$39.5K</td>
<td>1.1K</td>
<td>2.5K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/01/25</td>
<td>$215.00</td>
<td>$55.0K</td>
<td>5.3K</td>
<td>2.4K</td>
</tr>
<tr>
<td>BILL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$45.00</td>
<td>$50.0K</td>
<td>6.0K</td>
<td>2.4K</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$32.00</td>
<td>$68.0K</td>
<td>5.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$505.00</td>
<td>$179.9K</td>
<td>2.5K</td>
<td>979</td>
</tr>
<tr>
<td>IBM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$275.00</td>
<td>$41.6K</td>
<td>904</td>
<td>938</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be neutral, expiring in 1 day(s) on July 11, 2025. This event was a transfer of 105 contract(s) at a $405.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $156.5K, with a price of $1500.0 per contract. There were 29365 open contracts at this strike prior to today, and today 34728 contract(s) were bought and sold. 
• For RPD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>), we notice a call option sweep that happens to be bearish, expiring in 36 day(s) on August 15, 2025. This event was a transfer of 804 contract(s) at a $30.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $37.0 per contract. There were 106 open contracts at this strike prior to today, and today 4042 contract(s) were bought and sold. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, expiring in 71 day(s) on September 19, 2025. This event was a transfer of 60 contract(s) at a $170.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $56.4K, with a price of $940.0 per contract. There were 41728 open contracts at this strike prior to today, and today 3643 contract(s) were bought and sold. 
• Regarding CRWV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), we observe a put option trade with bullish sentiment. It expires in 1 day(s) on July 11, 2025. Parties traded 117 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $70.7K, with a price of $605.0 per contract. There were 4023 open contracts at this strike prior to today, and today 3356 contract(s) were bought and sold. 
• For CORZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), we notice a call option sweep that happens to be bullish, expiring in 99 day(s) on October 17, 2025. This event was a transfer of 500 contract(s) at a $19.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $39.5K, with a price of $79.0 per contract. There were 1157 open contracts at this strike prior to today, and today 2501 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bearish sentiment. It expires in 22 day(s) on August 1, 2025. Parties traded 100 contract(s) at a $215.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $55.0K, with a price of $550.0 per contract. There were 5353 open contracts at this strike prior to today, and today 2482 contract(s) were bought and sold. 
• Regarding BILL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>), we observe a put option sweep with bullish sentiment. It expires in 71 day(s) on September 19, 2025. Parties traded 139 contract(s) at a $45.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $50.0K, with a price of $360.0 per contract. There were 6078 open contracts at this strike prior to today, and today 2420 contract(s) were bought and sold. 
• Regarding IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we observe a call option sweep with bullish sentiment. It expires in 554 day(s) on January 15, 2027. Parties traded 200 contract(s) at a $32.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $68.0K, with a price of $340.0 per contract. There were 5229 open contracts at this strike prior to today, and today 1084 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option trade with bullish sentiment. It expires in 71 day(s) on September 19, 2025. Parties traded 97 contract(s) at a $505.00 strike. The total cost received by the writing party (or parties) was $179.9K, with a price of $1855.0 per contract. There were 2551 open contracts at this strike prior to today, and today 979 contract(s) were bought and sold. 
• For IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we notice a put option trade that happens to be bullish, expiring in 8 day(s) on July 18, 2025. This event was a transfer of 800 contract(s) at a $275.00 strike. The total cost received by the writing party (or parties) was $41.6K, with a price of $52.0 per contract. There were 904 open contracts at this strike prior to today, and today 938 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BILL

IREN

MSFT

NVDA

As the demand for high-performance computing <a href="https://www.benzinga.com/topic/artificial-intelligence">and artificial intelligence </a>continues to surge, the recent acquisition of Core Scientific Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) by CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) signals a significant shift in the tech landscape. This move not only expands CoreWeave&#8217;s capacity to meet growing market needs but also raises questions about the overall value of its stock amid rising operational costs. 
CoreWeave&#8217;s announced acquisition of Core Scientific is a strategic fit and would unlock an estimated 150-200MW of additional IT capacity for HPC (high-performance computing) and AI (artificial intelligence) workloads, according to Needham.
The CoreWeave Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/601a8839a6fe6f00010c6966/mike-cikos">Analyst Mike Cikos</a> downgraded the rating from Buy to Hold.
The CoreWeave Thesis: The additional sites are likely to incur significantly higher capital expenditures than the existing retrofits, Cikos said in the downgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
"CRWV has no interest in expanding into mining and if certain power is not suitable for HPC/AI, CRWV would look to divest it," he wrote.
The acquisition allows CoreWeave to own high-quality underlying infrastructure and save $500 million in operating expenses annually, the analyst stated.
While Core Scientific makes "the most sense," CoreWeave could aggressively acquire other bitcoin miners, Cikos said.
Accounting for the all-stock purchase of Core Scientific, the valuation of CoreWeave's stock seems full, which warrants the downgrade, he added.
CRWV Price Action: Shares of CoreWeave had declined by 3.8% to $147.11 at the time of publication on Thursday.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/07/46306575/why-coreweaves-9-billion-deal-isnt-about-chips">Why CoreWeave&#8217;s $9 Billion Deal Isn&#8217;t About Chips</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Downgrades

CoreWeave Grabs Core Scientific—Yet Rising Expenses Fuel Doubt

CoreWeave shares are trading lower after Needham downgraded the stock from Buy to Hold.

Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Amazon Web Services (AWS) announced on Wednesday that they have designed <a href="https://www.benzinga.com/topic/artificial-intelligence" target="_blank" rel="noreferrer noopener">the P6e-GB200 UltraServers</a> to meet the skyrocketing compute demands driven by the latest advancements in generative AI, including trillion-parameter foundation models, reasoning systems, and agentic AI.
AWS has engineered custom hardware to cool next-generation Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) GPUs used <a target="_blank" href="https://aws.amazon.com/blogs/machine-learning/aws-ai-infrastructure-with-nvidia-blackwell-two-powerful-compute-solutions-for-the-next-frontier-of-ai/" rel="noreferrer noopener">in AI workloads</a>.
Recognizing the high energy demands of Nvidia&#8217;s latest chips, AWS decided not to wait and build new liquid-cooled data centers.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/05/45702458/amazon-expands-global-data-centers-boosts-access-to-nvidia-ai-chips-for-cloud-customers" rel="noreferrer noopener">Amazon Expands Global Data Centers, Boosts Access To Nvidia AI Chips For Cloud Customers</a>
Instead, its engineers developed the In-Row Heat Exchanger (IRHX)—a solution that integrates with existing and new data centers to manage heat from dense GPU configurations, CNBC <a href="https://www.cnbc.com/2025/07/09/amazon-web-services-builds-heat-exchanger-to-cool-nvidia-gpus-for-ai.html" target="_blank" rel="noreferrer noopener">reported</a> Wednesday.
These UltraServers feature up to 72 Nvidia Blackwell GPUs, all interconnected using fifth-generation Nvidia NVLink, allowing the GPUs to operate as a single, unified compute system.
Dave Brown, AWS VP of Compute and Machine Learning Services explained that off-the-shelf cooling options couldn&#8217;t meet the demands of Nvidia&#8217;s GB200 NVL72 systems, which pack 72 Blackwell GPUs into a single rack. Traditional air cooling was sufficient for previous GPU generations, but AWS had to innovate to keep pace with the increased compute intensity of today&#8217;s systems.
AWS now offers this infrastructure through its P6e instances, providing customers with the performance required to train and deploy large-scale AI models with advanced thermal support.
Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and CoreWeave (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) have previously offered computing clusters built on Nvidia&#8217;s GB200 NVL72 architecture.
In March, Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) <a target="_blank" href="https://www.benzinga.com/25/03/44532855/intels-superfluid-cooling-tech-possibly-suitable-for-nvidias-gb300-chips-says-expert-amid-intcs-efforts-to-secure-commitments-for-foundry-services" rel="noreferrer noopener">positioned its SuperFluid cooling</a> technology as a strong contender for managing the heat generated by Nvidia&#8217;s high-powered GB300 AI chips.
Launched in 2023, SuperFluid has reportedly passed verification tests showing it can handle thermal loads up to 1,500 watts, surpassing the 1,400-watt consumption expected from Nvidia&#8217;s Blackwell Ultra GB300 chips.
In June, AI server company Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) expanded its <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45881923/supermicro-teams-up-with-nvidia-to-supercharge-europes-ai-factories-with-powerful-server-solutions" rel="noreferrer noopener">liquid-cooled AI server solutions</a> for Nvidia&#8217;s Blackwell architecture into the European market.
The company introduced over 30 solution stacks for Nvidia HGX B200, GB200 NVL72 and RTX PRO 6000 Blackwell deployments, helping enterprises speed up AI factory rollouts.
Supermicro is scaling its portfolio with new liquid-cooled systems, including a 4U front I/O HGX B200 server powered by its DLC-2 technology. These systems enable customers to run high-density AI workloads while maintaining thermally efficient systems.
By working closely with Nvidia, Supermicro is also preparing to support next-generation Blackwell Ultra chips, such as the GB300 NVL72 and HGX B300, later this year.
Price Action: AMZN stock was down 0.34% at $221.79 premarket as of the last check on Thursday. NVDA is up 0.85%.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44227833/supermicros-ai-boom-liquid-cooling-edge-spark-analyst-confidence-in-growth-potential" target="_blank" rel="noreferrer noopener">Supermicro&#8217;s AI Boom, Liquid Cooling Edge Spark Analyst Confidence In Growth Potential</a></li>
</ul>
Photo: Shutterstock

Tech

AMZN

SMCI

Amazon Unveils Powerful New AI Servers To Support Nvidia's Most Advanced Chips

Needham analyst Mike Cikos downgrades CoreWeave (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) from Buy to Hold and maintains the price target from $78 to $78.

Price Target

Needham Downgrades CoreWeave to Hold, Maintains Price Target to $78

CoreWeave Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) shares are on watch Wednesday after the company announced that it became the first AI cloud provider to offer <a href="https://www.benzinga.com/pressreleases/25/07/n46316961/coreweave-becomes-the-first-ai-cloud-provider-to-offer-nvidia-rtx-pro-6000-blackwell-gpu-at-scale">Nvidia RTX Pro 6000 Blackwell GPUs at scale</a>.
What Happened: CoreWeave announced the general availability of Nvidia RTX Pro 6000 Blackwell server edition&nbsp;instances, offering up to 5.6x faster LLM inferencing and 3.5x faster text-to-video generation&nbsp;compared to the prior generation offering.
When combined with CoreWeave&#8217;s <a href="http://benzinga.com/topic/AI">AI</a> cloud platform, the new offering gives customers access to a cheaper alternative to larger GPU clusters for building and scaling AI applications. 
&#8220;CoreWeave is built to move at the speed of innovation, and with the new RTX PRO 6000-based instances, we&#8217;re once again first to bring advanced AI and graphics technology to the cloud,&#8221; said&nbsp;Peter Salanki, co-Founder and chief technology officer of CoreWeave. 
&#8220;This is a major step forward for customers building the future of AI, as it gives them the ability to optimize and scale on GPU instances that are ideal for their applications, and a testament to the speed and reliability of our AI cloud platform.&#8221;
CoreWeave shares are bouncing back Wednesday after trading lower to start the week after the company announced a $9 billion <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46280108/coreweave-core-scientific-shares-move-lower-on-9-billion-all-stock-deal">all-stock deal</a> to acquire Core Scientific. The deal, which&nbsp;is anticipated to close in the fourth quarter, is expected to help CoreWeave verticalize its data center footprint.
<h3 class="wp-block-heading">How To Buy CRWV Stock</h3>
By now you're likely curious about how to participate in the market for CoreWeave &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
CRWV Price Action: <a href="http://benzinga.com/quote/crwv">CoreWeave shares</a> were down 1.01% at $149.82 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/07/46306575/why-coreweaves-9-billion-deal-isnt-about-chips">Why CoreWeave&#8217;s $9 Billion Deal Isn&#8217;t About Chips</a></li>
</ul>
Photo: courtesy of CoreWeave.

CoreWeave Stock Is Bouncing Back Wednesday: What's Happening?

Groundbreaking GPU architecture, powered by CoreWeave's AI Cloud platform, will enable enterprises and startups to push the boundaries of AI innovation
LIVINGSTON, N.J., July 9, 2025 /PRNewswire/ --&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4464853-1&amp;h=2791177077&amp;u=http%3A%2F%2Fwww.coreweave.com%2F&amp;a=CoreWeave">CoreWeave</a>, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) ("CoreWeave"), the AI Hyperscaler&#x2122;, today announced it is the first cloud platform to make NVIDIA RTX PRO 6000 Blackwell Server Edition instances generally available.
"CoreWeave is built to move at the speed of innovation, and with the new RTX PRO 6000-based instances, we're once again first to bring advanced AI and graphics technology to the cloud," said Peter Salanki, Co-Founder and Chief Technology Officer of CoreWeave. "This is a major step forward for customers building the future of AI, as it gives them the ability to optimize and scale on GPU instances that are ideal for their applications, and a testament to the speed and reliability of our AI cloud platform."
The new RTX PRO 6000 Blackwell Server Edition achieves up to 5.6x faster LLM inference and 3.5x faster text-to-video generation than the previous generation, ideal for inference of models up to 70B parameters. By combining NVIDIA's cutting-edge compute with CoreWeave's purpose-built AI Cloud Platform, customers are able to access a more cost-efficient alternative to larger GPU clusters while maintaining strong performance for teams building and scaling AI applications.
With the launch of RTX PRO 6000, CoreWeave now offers one of the widest ranges of NVIDIA Blackwell infrastructure on the market, including the <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4464853-1&amp;h=4191014761&amp;u=https%3A%2F%2Fwww.coreweave.com%2Fblog%2Fcoreweave-becomes-the-first-cloud-provider-with-generally-available-nvidia-gb200-nvl72-instances&amp;a=NVIDIA+GB200+NVL72+system">NVIDIA GB200 NVL72 system</a>&nbsp;and <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4464853-1&amp;h=1669737860&amp;u=https%3A%2F%2Fwww.coreweave.com%2Fblog%2Fcoreweave-expands-its-nvidia-blackwell-fleet-with-generally-available-nvidia-hgx-b200-instances&amp;a=NVIDIA+HGX+B200+platform">NVIDIA HGX B200 platform</a>. Whether a customer is looking to train their next trillion-parameter large language model or serve multimodal inference, CoreWeave's flexible platform and AI-optimized software stack allow customers to select the optimal Blackwell architecture for their unique needs.

CoreWeave Announces It Is The First Cloud Platform To Make NVIDIA RTX PRO 6000 Blackwell Server Edition Instances Generally Available

Despite a 3% drop in Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) network hashrate in June, daily miner revenues soared to approximately $55,300 per exahash per second (EH/s), one of the highest profitability levels this year, according to a commentary shared with <a href="https://www.benzinga.com">Benzinga</a> by the analytics team of TeraHash, a global Bitcoin yield protocol.
What Happened: This surprising divergence, fueled by Bitcoin's $109,000 spot price and $14 billion in ETF inflows, added $5.3 billion—a 23% increase—to the market value of publicly listed mining firms.
According to a JPMorgan <a href="https://www.coindesk.com/markets/2025/07/01/bitcoin-network-hashrate-declined-in-june-as-miners-reacted-to-recent-heatwave-jpmorgan">report</a>, Bitcoin's network hashrate dropped by ~3% in June, primarily due to seasonal heat impacts on miners. 
TeraHash's team noted, "Bitcoin's computing power cooled in June, but its earnings rose," highlighting a break from the traditional "difficulty crushes profits" cycle. The key? Miners are adapting strategically.
While some chase high-performance computing (HPC) for AI infrastructure, others capitalize on operational flexibility.
Deals like CoreWeave Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) <a href="https://www.benzinga.com/markets/equities/25/06/46137965/crwv-corz-potential-deal-could-unlock-2-8-billion-hidden-value-for-bitcoin-miner-says-morgan-stanley">acquisition</a> of Core Scientific Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) value mining infrastructure at 16x next year's earnings, reflected a pivot to AI.
Meanwhile, a quieter segment earns through grid curtailment payments, hash rate hedging, and leasing idle capacity to retail users.
Looking forward, TeraHash models two scenarios: "Miners integrating grid programs and derivatives can reallocate ~10% of capacity and sustain margins," even as mining difficulty rises.
Conversely, HPC-heavy miners risk 15% margin compression if AI demand slows or infrastructure lags.
See Also: <a href="https://www.benzinga.com/trading-ideas/technicals/25/07/46314880/soundhoud-ai-stock-jumps-amid-ai-push-but-this-technical-indicator-signals-slowdown-and-reversal-in-rally">SoundHound AI Stock Jumps Amid AI Push, But This Technical Indicator Signals Slowdown And Reversal In Rally</a>
Why It Matters: "The market is no longer paying for raw output," the team told <a href="https://www.benzinga.com">Benzinga</a>, urging investors to back miners who "flex power deals, hedges, and capacity rentals."
This shift signals a new era for Bitcoin mining, where adaptability trumps computational power.
As miners navigate seasonal challenges and market dynamics, their ability to diversify revenue streams will define success in a rapidly evolving industry.
Price Action: As of the publication of this article, Bitcoin was trading at $109,072.24 per coin. Here&#8217;s a list of a few Bitcin ETFs that investors could consider.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Bitcoin-Linked ETFs</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)</td>
<td>11.65%</td>
<td>87.56%</td>
</tr>
<tr>
<td>Fidelity Wise Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>)</td>
<td>11.64%</td>
<td>87.71%</td>
</tr>
<tr>
<td>Bitwise Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITB#NYSE">BITB</a>)</td>
<td>11.66%</td>
<td>88%</td>
</tr>
<tr>
<td>Invesco Galaxy Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BTCO#BATS">BTCO</a>)</td>
<td>11.63%</td>
<td>87.68%</td>
</tr>
<tr>
<td>Grayscale Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>)</td>
<td>10.92%</td>
<td>66.78%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.22% at $621.73, while the QQQ advanced 0.19% to $553.39, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46313514/warren-buffetts-quiet-dividend-play-9-high-yield-stocks-held-by-a-berkshire-subsidiary" target="_blank" rel="noreferrer noopener">Warren Buffett's Quiet Dividend Play: 9 High-Yield Stocks Held By A Berkshire Subsidiary</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. 
Image Credit: Imagn

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Bitwise Bitcoin ETF Common Shares of Beneficial Interest

BITB

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Live On Fox Business, CoreWeave CEO Discusses Core Scientific Acquisition

CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), an AI cloud-computing startup specializing in AI infrastructure, announced on July 7 its intent to acquire crypto miner Core Scientific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) in a <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46280108/coreweave-core-scientific-shares-move-lower-on-9-billion-all-stock-deal" target="_blank" rel="noreferrer noopener">$9 billion all-stock deal</a>.
This acquisition is expected to enable CoreWeave to verticalize its data center footprint, aiming to &#8220;future-proof revenue growth&#8221; and enhance profitability.
Following the announcement, Bank of America Securities analyst Brad Sills <a target="_blank" href="https://www.benzinga.com/quote/CRWV/analyst-ratings" rel="noreferrer noopener">maintained a Neutral rating</a> on CoreWeave on Tuesday, setting a price forecast of $185.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45475956/coreweave-surges-as-microsoft-openai-deals-fuel-revenue-spike-wall-street-boost" rel="noreferrer noopener">CoreWeave Surges As Microsoft, OpenAI Deals Fuel Revenue Spike, Wall Street Boost</a>
As per the terms of the fixed exchange ratio, Core Scientific stockholders will receive 0.1235 newly issued shares of CoreWeave Class A common stock for each share of Core Scientific common stock they hold.
Sills noted that the $9 billion equity value is calculated on a fully diluted basis, based on CoreWeave&#8217;s 5-day volume-weighted average price (VWAP) of $20.40 per share.
Sills highlighted that Core Scientific operates large-scale, energy-efficient data centers optimized for high-density workloads, including bitcoin mining and AI.
Bitcoin mining companies are expanding their operations beyond cryptocurrency by leveraging their existing power and data center infrastructure for AI workloads. 
They are now leasing out their power capacity and data center space to meet the surging demand from the AI sector. This strategic shift is exemplified by recent acquisitions within the industry.
The analyst emphasized that this proposed acquisition primarily focuses on securing greater access to power rather than acquiring GPUs or CPUs.
Core Scientific&#8217;s property, plant, and equipment base, valued at $650 million as of March, is notably small compared to Sills&#8217; estimated $21.5 billion in capital expenditures for CoreWeave in fiscal year 2025.
The acquisition provides CoreWeave access to 10 data centers across the U.S. with a total contracted power capacity of 1.3 gigawatts (GW). Of this, approximately 840 megawatts (MW) are already modified for high-performance computing (HPC), with the remaining 500 MW currently supporting bitcoin operations, according to Sills.
He observed a 60% overlap with CoreWeave&#8217;s existing data center locations and 40% from newly added geographies. This diversification will grant CoreWeave access to power in new regions such as Kentucky, Oklahoma, and North Dakota, as per Core Scientific&#8217;s recent filing.
Furthermore, CoreWeave anticipates $500 million in operating expense synergies by calendar year 2027. These savings are expected to stem from the elimination of long-term operating leases (totaling $10 billion over 12 years) and a streamlined operational focus.
Sills projects that this would raise the combined entity&#8217;s adjusted operating margin to 28.4%, up from his current estimate of 26.0% for CoreWeave alone. However, Sills cautioned that achieving these synergies carries execution risk, noting that the market is already modeling an aggressive margin ramp for Core Scientific standalone in fiscal 2027, from 8.0% in Q1 2025 to 22.2%, according to Bloomberg.
Price Action: CoreWeave stock traded lower by 3.75% to $153.71, while Core Scientific stock was down 3.07% at $14.38 at last check Tuesday.
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Image via Shutterstock

Reiteration

Why CoreWeave's $9 Billion Deal Isn't About Chips

CoreWeave Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) has announced an all-stock purchase of Core Scientific Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) in a deal valued at about $20.40 per share, or roughly $9 billion, according to HC Wainwright.
The Core Scientific Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d94a96b85e930001fd9dd4/kevin-dede">Analyst Kevin Dede</a> downgraded the rating on Core Scientific from Buy to Neutral.
The Core Scientific Thesis: The acquisition transforms CoreWeave "from a tenant model to direct ownership of about 1.3GW of HPC-grade capacity, with another 1GW-plus of identified expansion," Dede said in the downgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
The acquisition eliminates over $10 billion in long-term lease obligations, he added.
CoreWeave&#8217;s management is targeting over $500 million in annual cost savings by the end of 2027, due to the elimination of Core Scientific's lease and the building of operating synergies, the analyst stated.
The transaction is expected to close in the fourth quarter of 2025, pending approvals, he said.
"Core Scientific&#8217;s forecasts are now dominated by the revenue contribution hard-contracted HPC hosting generates that is both concrete in trajectory and transparent, transforming the company&#8217;s P/L especially as compared to the vagaries attached to bitcoin mining," Dede further wrote.
CORZ Price Action: Shares of Core Scientific had declined by 1.28% to $14.64 at the time of publication on Tuesday.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46284752/coreweave-just-valued-core-scientific-like-its-2021-again">CoreWeave Just Valued Core Scientific Like It&#8217;s 2021 Again</a></li>
</ul>
Photo: Shutterstock

CoreWeave's $9 Billion Bet Turns Crypto Miner Into AI Powerhouse

Stifel analyst Ruben Roy downgrades CoreWeave (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) from Buy to Hold and raises the price target from $75 to $115.

Stifel Downgrades CoreWeave to Hold, Raises Price Target to $115

CoreWeave shares are trading lower after Mizuho downgraded the stock from Outperform to Neutral. Yesterday, the stock fell following an announcement that it will acquire Core Scientific.

Mizuho analyst Gregg Moskowitz downgrades CoreWeave (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) from Outperform to Neutral and raises the price target from $70 to $150.

Mizuho Downgrades CoreWeave to Neutral, Raises Price Target to $150

In a recent interview with CNBC, CoreWeave (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) CEO Michael Intrator acknowledged Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) as a strong rival in the artificial intelligence infrastructure sector.
What Happened: Intrator, in a conversation with CNBC&#8217;s Jim Cramer on Monday, emphasized the unique selling point of CoreWeave, differentiating it from Oracle. &#8220;Oracle has its own set of products that they&#8217;re offering, and they are a formidable competitor,&#8221; Intrator said, as reported by <a href="https://www.cnbc.com/2025/07/07/coreweave-ceo-calls-oracle-a-formidable-competitor-.html">CNBC</a>.
The CEO highlighted CoreWeave&#8217;s custom-built software stack, which he believes will set the company apart in the long run.  He stated, &#8220;From our position, we really believe that over time, what&#8217;s going to differentiate us from anyone else is the … software stack that drives the performance that we&#8217;re able to achieve on our infrastructure.&#8221;
Intrator added that CoreWeave&#8217;s software stack was developed from scratch, with optimization as the guiding principle. The company has deliberately avoided integrating any &#8220;legacy technology&#8221; or &#8220;history of success or failure.&#8221;
SEE ALSO: <a href="https://benzinga.com/news/legal/25/07/46289887/no-fast-lane-for-the-rich-lawyers-say-trumps-5-million-gold-card-visa-cant-fly-without-new-law" target="_blank" rel="noreferrer noopener">No Fast Lane For The Rich? Lawyers Say Trump&#8217;s $5 Million &#8216;Gold Card&#8217; Visa Can&#8217;t Fly Without New Law &#8211; Benzinga</a>
Why It Matters: On Monday, CoreWeave announced its decision to acquire Bitcoin miner, Core Scientific, in a $9 Billion <a href="https://www.benzinga.com/markets/tech/25/07/46284752/coreweave-just-valued-core-scientific-like-its-2021-again">all-stock deal</a>. The news led to a nearly 21% plunge in Core Scientific&#8217;s shares, even as the market remained unimpressed by CoreWeave&#8217;s move. However, this strategic acquisition was seen as a move that &#8220;makes strategic sense&#8221; <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/46146598/core-scientifics-acquisition-by-coreweave-makes-strategic-sense-analysts-say">by analysts</a> earlier.
As CoreWeave continues to strengthen its position in the AI infrastructure space, the recognition of Oracle as a formidable competitor underscores the competitive landscape of this rapidly evolving sector. "The market's going to take some time to understand the extent of our business and the differentiation that's associated with how we go about running the software that drives the infrastructure," stated Intrator.
Notably, Jim Cramer had earlier called CoreWeave a &#8216;meme stock&#8217; on X after it surged more than 200% in a month, however, on Monday he stated, &#8220;Coreweave is truly something&#8230; Very positive.&#8221;
On a year-to-date basis, CoreWeave stock surged 299.25%.
Benzinga's Edge Rankings place CoreWeave in the 92nd percentile for momentum and the 16th percentile for value, reflecting mixed performance. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>. 
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46280108/coreweave-core-scientific-shares-move-lower-on-9-billion-all-stock-deal">CoreWeave, Core Scientific Shares Move Lower On $9 Billion All-Stock Deal</a> </li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.<a href="https://x.com/jimcramer/status/1942324398666703341"></a>

CoreWeave CEO Bets On 'Custom-Built Software Stack' To Outpace Rivals— But Calls Oracle A 'Formidable Competitor'

Press Releases

CoreWeave Appoints Ernie Rogers to Strategic Leadership Role to Drive Next Phase of Financing Growth

CoreWeave, NVIDIA and IBM Submit Largest-Ever MLPerf Results on NVIDIA GB200 Grace Blackwell Superchips

CoreWeave and Weights & Biases Announce New Products and Capabilities, Helping AI Developers Iterate Faster on Models and Agents

CoreWeave Becomes First Hyperscaler to Deploy NVIDIA GB300 NVL72 Platform

CoreWeave to Acquire Core Scientific

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Core Scientific

CoreWeave Becomes the First AI Cloud Provider to Offer NVIDIA RTX PRO 6000 Blackwell GPU at Scale

CORE SCIENTIFIC INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Core Scientific, Inc. - CORZ

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
12:26 PMJul 11, 2025	CALL	$130.00	Jul 18, 2025	6	5713	1000	2116	270	TRADE	BEARISH
02:43 PMJul 10, 2025	CALL	$85.00	Jul 18, 2025	6	16352	99	2110	775	TRADE	BULLISH
02:34 PMJul 10, 2025	CALL	$100.00	Jan 16, 2026	188	1205	200	371	325	TRADE	BULLISH
10:58 AMJul 10, 2025	PUT	$175.00	Jul 11, 2025	-1	1150	1100	199	577	TRADE	BULLISH
03:05 PMJul 08, 2025	PUT	$170.00	Sep 19, 2025	69	302	100	100	301	TRADE	NEUTRAL
02:39 PMJul 08, 2025	CALL	$90.00	Jan 16, 2026	188	1665	100	962	173	TRADE	BULLISH
11:58 AMJul 08, 2025	CALL	$80.00	Jan 16, 2026	188	454	124	108	422	TRADE	BULLISH
11:57 AMJul 08, 2025	CALL	$80.00	Jan 16, 2026	188	300	154	71	422	TRADE	BULLISH
09:51 AMJul 08, 2025	CALL	$60.00	Jul 11, 2025	-1	566	566	Infinity	0	TRADE	BEARISH
01:57 PMJul 07, 2025	PUT	$280.00	Sep 19, 2025	69	118	50	190	62	TRADE	NEUTRAL
01:11 PMJul 07, 2025	PUT	$280.00	Sep 19, 2025	69	68	50	110	62	TRADE	NEUTRAL
01:00 PMJul 07, 2025	CALL	$90.00	Jan 16, 2026	188	1168	138	264	443	TRADE	BULLISH
12:51 PMJul 07, 2025	CALL	$90.00	Jan 16, 2026	188	1030	129	233	443	TRADE	BULLISH
10:09 AMJul 07, 2025	CALL	$60.00	Jul 11, 2025	-1	0	287	NaN	0	TRADE	BEARISH