05:04
Pentwater Capital disclosed that it holds an 8.5% stake in Core Scientific.
Golden Finance reports that event-driven investment firm Pentwater Capital has acquired an 8.5% stake in Core Scientific, becoming one of the important hedging fund shareholders of this Bitcoin mining and data center operator.
According to the latest Schedule 13G filing submitted on Friday, Pentwater reported that it holds 26 million shares of Core Scientific stock, accounting for 8.5%. Core Scientific's stock price has retraced 35% since reaching a historical high of $22.9 last month. Based on the current price of around $15, this position is worth approximately $400 million. Pentwater manages about $18 billion in assets and was one of the top ten shareholders of Twitter before Elon Musk's acquisition.
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