In a major strategic move, CoreWeave, a cloud and AI infrastructure company, has announced its acquisition of Core Scientific, a leading crypto mining data center operator, in an all-stock deal valued at approximately $9 billion.
Core Scientific Valued at $20.40 Per Share in All-Stock Transaction
The acquisition terms reveal that each Core Scientific (CORZ) share will be exchanged for 0.1235 shares of CoreWeave, translating to a valuation of $20.40 per CORZ share. This represents a 66% premium over Core Scientific’s market price as of late June 2025.
This generous valuation indicates strong confidence in Core Scientific’s infrastructure and long-term strategic value.
CoreWeave Targets Long-Term Cost Reduction and Expansion
The merger is expected to close by the end of 2025, subject to regulatory and shareholder approvals. According to official disclosures, CoreWeave aims to eliminate over $10 billion in future lease expenses over the next 12 years through this deal.
The acquisition also grants CoreWeave ownership of approximately 1.3 gigawatts of gross power capacity, distributed across Core Scientific’s high-performance data centers in the United States.
This move significantly strengthens CoreWeave’s capabilities in hosting both AI and blockchain computing workloads.
Market Reaction and Strategic Implications
Following the announcement, CoreWeave’s shares fell 4% in pre-market trading, while Core Scientific dropped nearly 14.7% to $15.48. This short-term market reaction reflects typical volatility seen during large M&A transactions.
Despite the dip, analysts suggest the deal will position CoreWeave as a dominant force in both AI infrastructure and digital asset mining.
A New Era for Tokenized Compute Power
This acquisition comes as demand surges for high-performance compute environments, driven by AI model training, decentralized finance, and real-world asset tokenization.
By consolidating crypto infrastructure with AI data centers, CoreWeave is making a bold bet on the convergence of decentralized technologies and artificial intelligence.
The deal reinforces a broader trend of infrastructure vertical integration in the digital economy and sets the stage for new innovations in blockchain-powered compute solutions.
Final Thoughts
The $9 billion CoreWeave-Core Scientific deal signals a transformative shift in the global tech infrastructure landscape, combining the best of AI scalability with blockchain efficiency, and opening new doors for innovation across Web3, DeFi, and enterprise computing.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.