The deal will help in the immediate elimination of more than $10 billion of cumulative future lease overhead to be paid for existing contractual sites over the next 12 years, CoreWeave said.
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CoreWeave to buy Core Scientific in $9 billion deal to meet AI power needs
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CoreWeave stated the deal between CoreWeave and Core Scientific would immediately eliminate over $10 billion in lease overhead for data center contracts over 12 years, starting from July, 2025.
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