CoreWeave Inc. Strikes a $9 Billion Deal to Acquire Core Scientific Inc.

In a landmark move, CoreWeave Inc. has announced its agreement to acquire Core Scientific Inc., a leading digital asset mining services provider, for an estimated total equity value of $9 billion. This strategic acquisition is set to redefine the landscape of AI and high-performance computing workloads.

Strategic Implications and Future Prospects

The acquisition, expected to close by the end of the year pending regulatory approvals, marks a significant step in CoreWeave's expansion strategy. Post-acquisition, Core Scientific's stockholders will own less than 10% of the combined enterprise, underscoring the transformative nature of this deal.

Michael Intrator, CEO of CoreWeave, highlighted the acquisition's role in accelerating the deployment of AI and HPC workloads at scale. "Owning this foundational layer of our platform will not only enhance our performance but also solidify our expertise in unlocking AI's full potential for our customers," Intrator stated.