June 28, 2025
Tech News
CoreWeave is reportedly in negotiations to acquire Core Scientific, a move that follows last year’s rejected offer by the bitcoin miner. After the news broke, Core Scientific’s shares surged by about 8%, raising the company’s market value to nearly $4 billion. This acquisition could reinforce the consolidation efforts of larger peers in the energy-intensive crypto sector.
In another development, Comcast is simplifying its Xfinity internet offerings by eliminating data caps and introducing four streamlined plans to provide truly unlimited data. The new plans vary from 300 Mbps to 2 Gbps and will include a free Xfinity Mobile cellular line for one year, enhancing customer experience with more flexible pricing options.
Switching gears to sustainability, Redwood Materials is repurposing old electric vehicle (EV) batteries into modular energy storage units. By diverting these batteries from recycling, the company aims to create cost-effective energy solutions while leveraging still-functional battery capacity to address gaps in the energy grid, demonstrating a growing trend in sustainable technology.
Meanwhile, a United Arab Emirates-based fund has made headlines by investing $100 million in digital tokens from World Liberty Financial, linked to Donald Trump’s family. This investment positions Aqua 1 Foundation as the largest known stakeholder in World Liberty’s governance token, which aims to foster a blockchain-powered financial ecosystem and facilitate digital financial services.
Moreover, Redwood has made strides in implementing its first upcycled battery microgrid, providing power to a large data center. This deployment marks a significant advancement in utilizing renewable resources, showcasing the potential of second-life batteries and setting the stage for future developments within the energy landscape.
Tech Explained
Acquisition – In business, an acquisition refers to the process where one company buys another company or a substantial portion of its assets, often to increase market share or synergy, as seen in CoreWeave’s interest in Core Scientific.
Data Cap – A data cap is a limit imposed by internet service providers on the amount of data a customer can use during a billing cycle. Comcast’s decision to remove these limits allows customers to enjoy unlimited data without additional charges.
Electric Vehicle (EV) – An electric vehicle is a form of transportation that uses electric motors for propulsion instead of traditional internal combustion engines. The focus on repurposing EV batteries is crucial in advancing sustainability in energy storage.
Governance Token – A governance token is a type of digital asset that allows holders to participate in decision-making processes related to the protocol’s development and management. The $WLFI token provides its holders voting rights, contributing to governance mechanisms within the World Liberty platform.
Microgrid – A microgrid is a localized grid system that can operate independently or in conjunction with the main power grid. Redwood’s deployment of a microgrid powered by recycled batteries exemplifies the potential for innovative solutions to energy reliability and sustainability challenges.
