CoreWeave to Acquire Core Scientific in $9B All-Stock Deal

Description

Cloud and AI infrastructure firm CoreWeave (CRWV) has agreed to buy crypto-mining data center operator Core Scientific (CORZ) for roughly $9 billion in stock.

Authors

Francisco Rodrigues

Publish date

July 7, 2025

Publisher

CoinDesk

Web URL

https://www.coindesk.com/markets/2025/07/07/coreweave-to-acquire-core-scientific-in-9b-all-stock-deal

Referenced by

CoreWeave to acquire Core Scientific

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It also gives the firm ownership of about 1.3 gigawatts of gross power capacity across Core Scientific’s data centers

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The agreement will swap each Core Scientific share for 0.1235 CoreWeave shares, valuing Core Scientific stock at $20.40, a 66% premium to its price late last month.

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