CoreWeave to Acquire Core Scientific in All-Stock Deal

CoreWeave has announced its acquisition of Core Scientific in an all-stock transaction, announced in a press release. Under the terms of the agreement, Core Scientific stockholders will receive 0.1235 newly issued shares of CoreWeave Class A common stock for each share of Core Scientific common stock.

This acquisition will allow CoreWeave to expand its data center footprint significantly, owning approximately 1.3 GW of gross power across Core Scientific's national data center network. The transaction is expected to close in the fourth quarter of 2025, pending regulatory and stockholder approvals.

CoreWeave's CEO, Michael Intrator, stated that the acquisition will enhance operational efficiency and provide greater control over power resources, which is crucial for future expansion. The deal is also expected to generate significant cost savings by eliminating lease overhead and streamlining operations.

The acquisition aligns with CoreWeave's strategy to deploy AI and high-performance computing workloads at scale, leveraging Core Scientific's data center development capabilities to enhance its infrastructure expertise.