Core Scientific, Inc. is a leading provider of blockchain infrastructure and technology, specializing in the development and hosting of advanced data centers for cryptocurrency mining operations. The company focuses on delivering efficient and scalable solutions that empower clients to effectively participate in the blockchain ecosystem. By leveraging innovative technologies and robust operational capabilities, Core Scientific ensures high-performance mining activities while prioritizing sustainability and energy efficiency. Their comprehensive services also include hardware procurement, system integration, and technical support, catering to both individual miners and institutional clients in the rapidly evolving digital currency landscape. Read More
CoreWeave's acquisition of Core Scientific is a strategic move to vertically integrate its power supply, creating a powerful competitive advantage in AI.
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Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Core Scientific (NASDAQ: CORZ) to CoreWeave for 0.1235 newly issued shares of CoreWeave Class A common stock for each share of Core Scientific common stock is fair to Core Scientific shareholders. Upon closing of the proposed transaction, Core Scientific shareholders will own less than 10% of the combined company.
CoreWeave will acquire Core Scientific in an all-stock deal valued at nearly $9 billion, which it says will boost its AI infrastructure, eliminate $10 billion in lease costs, and generate $500 million in annual savings by 2027.
CoreWeave (NASDAQ: CRWV), the AI Hyperscaler™, and Core Scientific (NASDAQ: CORZ), a leading data center infrastructure provider, today announced that they have signed a definitive agreement under which CoreWeave will acquire Core Scientific in an all-stock transaction. Under the terms of the merger 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 based on a fixed exchange ratio. Following CoreWeave’s successful IPO in March 2025, this acquisition will help CoreWeave verticalize its data center footprint to future-proof revenue growth and enhance profitability. Through this acquisition, CoreWeave will own approximately 1.3 GW of gross power across Core Scientific's national data center footprint1 with an incremental 1 GW+ of potential gross power available for expansion.
In a potential game-changer for the cryptocurrency mining sector, Morgan Stanley has forecasted that CoreWeave Inc.‘s (NASDAQ:CRWV) proposed acquisition of Core Scientific Inc. (NASDAQ:CORZ) could boost the
Core Scientific’s stock rose more than 30% in midday trade to its highest level since January after The Wall Street Journal reported CoreWeave may be mounting a fresh takeover offer.
Shares of Core Scientific Inc. (NASDAQ: CORZ) are up Thursday following a report CoreWeave inc. (NASDAQ: CRWV) is in advanced discussions to acquire the bitcoin mining and hosting company.
Core Scientific, Inc. (Nasdaq: CORZ), a leader in digital infrastructure for high-density colocation and bitcoin mining, today announced that CEO Adam Sullivan will present at the TD Cowen 53rd Annual Technology, Media & Telecom Conference on Thursday, May 29th, at 9:40 a.m. ET.
