CoreWeave to acquire Core Scientific in $9 billion all-stock deal

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CoreWeave announced it will acquire data center provider Core Scientific in a $9 billion all-stock deal, aiming to boost its AI infrastructure. The acquisition will cut $10 billion in lease obligations and enhance efficiency, expanding CoreWeave’s U.S. data center capacity to 1.3 gigawatts with room for growth. The deal, expected to close in late 2025, values Core Scientific at a 66% premium, with its shareholders receiving CoreWeave shares but owning less than 10% of the combined company, CNBC has reported.