CoreWeave to acquire Core Scientific in $9 billion all-stock deal
Coreweave founder Brian Venturo, left on the left and Mike Intrator, on March 28, 2025, slapped the opening bell in the center of Nasdaq in New York.
Michael M. Santiago | Getty Images News | Getty Images
Artificial Intelligence Hyperscaler Sunflower seed He said Monday Nucleus scientificA leading data central infrastructure provider in a stock agreement worth approximately $ 9 billion.
Coreweave Stock dropped about 4% on Monday, while the core scientific stock fell approximately 20%. After the Wall Street Journal had discussed for a purchase, the shares of both companies gathered at the end of June.
The agreement strengthens Coreweave’s position in the AI weapon race by bringing the critical infrastructure within the company.
Coreweave CEO Michael Intrator said that the movement would eliminate $ 10 billion of $ 10 billion in future lease obligations and significantly increase operating efficiency.
The transaction is expected to close in the fourth quarter of 2025, which is waiting for the regulatory and shareholder approval.
The agreement expands Coreweave’s access to power and real estates, providing the ownership of 1.3 Gigawatt gross capacity in the US data center footprint of Core Scientific and another Gigawatt for future growth.
Since Core Scientific emerged from bankruptcy and revived Nasdaq in 2024, high -performance calculation focused on its workloads.
Core scientific shareholders will receive a 0.1235 Coreweave stock for each share they have-a valuation of $ 20.40 per pure and a 66% premium for the closing stock price before the Core Scientific negotiations are reported.
After the closing, the nucleus scientific shareholders will have less than 10% of the combined company.
