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AI Data Centre Group CoreWeave Strikes $9bn Deal to Buy Rival Core Scientific

  • CoreWeave announced an all-stock acquisition of Core Scientific valued at approximately $9 billion on Monday.
  • Following last year's rejected $1.02 billion bid, CoreWeave's renewed interest led to the current $9 billion acquisition, citing undervaluation concerns that delayed negotiations.
  • CoreWeave will issue 0.1235 shares per Core Scientific share, valuing them at $20.40 each and implying a nearly 66% premium over prior prices.
  • Following the announcement, CoreWeave's shares fell about 5%, and Core Scientific's dropped 19%, as the deal eliminates over $10 billion in lease obligations.
  • Beyond this transaction, the deal highlights how consolidating crypto-era infrastructure strengthens CoreWeave's long-term position in the AI arms race by securing critical energy resources.
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NBC Chicago broke the news in Chicago, United States on Monday, July 7, 2025.
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