CoreWeave Strikes $9B Deal to Acquire Core Scientific in AI Infrastructure Push

CoreWeave’s CEO said the acquisition will enhance the company’s performance and expertise as they "continue helping customers unleash AI’s full potential."

CoreWeave has announced plans to acquire Core Scientific in an all-stock transaction valued at approximately $9 billion.

The deal, expected to close by the end of 2025, will give CoreWeave control over 1.3 gigawatts (GW) of power capacity across Core Scientific’s US data centers, with the potential for an additional 1 GW expansion.

“I’m thrilled to share that we’ve announced our definitive agreement to acquire Core Scientific, one of our partners and a leading data infrastructure provider,” Michael Intrator, chief executive officer of CoreWeave, wrote in a LinkedIn post. “Through our existing relationship, we know Core Scientific and its sites well, and we are confident that this move will enhance our performance and expertise as we continue helping ...