CoreWeave Signs Acquisition Agreement with Core Scientific…Deal Valued at $9 Billion

AI infrastructure company CoreWeave announced on the 7th (local time) that it will acquire Bitcoin (BTC) mining company Core Scientific.

This transaction is valued at approximately $9 billion (₩12,391.2 billion), with Core Scientific shares valued at $20.4 per share. This is about 13% higher than the closing price of $18 on the 3rd.

However, after the acquisition announcement, CoreWeave's stock price closed down about 3%, while Core Scientific's stock price plummeted 18%.

Through this acquisition, CoreWeave will secure a total power capacity of 1.3 gigawatts (GW), equivalent to that of a large nuclear power plant, and real estate assets via Core Scientific's data centers in the United States.

Michael Intrator, CEO of CoreWeave, stated that the acquisition would eliminate the need for future data center "lease contracts” worth up to $10 billion and drastically improve operational efficiency.

Meanwhile, completion of the acquisition is expected by Q4 2025, pending regulatory and shareholder approvals.