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AI hyperscaling firm CoreWeave has announced a $9 billion all-stock deal to acquire Bitcoin miner and data center provider Core Scientific. The acquisition will grant CoreWeave access to 1.3 gigawatts of power capacity, boosting its AI infrastructure expansion.
- The $9 billion all-stock deal grants CoreWeave 1.3 GW of power capacity, critical for AI infrastructure scaling.
- Core Scientific shareholders will receive 0.1235 CoreWeave shares per owned share, with the deal set to close in Q4 2024.
- The merger highlights the growing overlap between Bitcoin mining and AI data centers, both energy-intensive industries.
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