CoreWeave Acquires Core Scientific in $9 Billion All-Stock Mega Deal
Summary
CoreWeave, a leading cloud computing company, acquires rival Core Scientific in a massive $9 billion all-stock deal, eliminating $10 billion in future lease obligations and gaining ownership of 1.3 gigawatts of data center capacity, solidifying its position in the rapidly growing cloud market.
Key Points
- CoreWeave announces $9 billion all-stock deal to acquire Core Scientific
- Deal eliminates $10 billion in future lease obligations for CoreWeave
- CoreWeave gains ownership of 1.3 gigawatts of data center capacity from Core Scientific