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CoreWeave, an AI infrastructure firm, has agreed to acquire Bitcoin miner Core Scientific in a $9B all-stock deal. The transaction aims to boost CoreWeave’s data center capabilities but has drawn legal scrutiny and market skepticism.
- CoreWeave acquires Core Scientific in a $9B all-stock deal, expanding its AI and data center infrastructure.
- The transaction reduces CoreWeave’s lease obligations by $10B but leaves Core Scientific shareholders with <10% ownership.
- Legal scrutiny mounts as Core Scientific’s board faces investigation for potential fiduciary breaches.
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