Strategic intentions and executive commentary

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Gautam Chhugani, Bernstein analyst, said that the acquisition deal between CoreWeave and Core Scientific could set a new benchmark for bitcoin miners pivoting to AI.
The deal between CoreWeave and Core Scientific will give CoreWeave access to about 1.3 gigawatts of power from Core Scientific’s data center fleet.
The acquisition deal between CoreWeave and Core Scientific is expected to close in the fourth quarter of 2025, with final pricing determined at that time.
Adam Sullivan, Core Scientific Chief Executive, said the deal between CoreWeave and Core Scientific will help accelerate the availability of world-class AI infrastructure for companies innovating with AI.

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