CoreWeave has announced its acquisition of Core Scientific in an all-stock deal valued at approximately $9 billion. This announcement comes after a previous rejection of a bid from CoreWeave by Core Scientific last year. The agreement indicates that Core Scientific shareholders will receive 0.1235 shares of CoreWeave Class A common Stock. The transaction aims to enhance CoreWeave's data center operations and is expected to close in the fourth quarter of 2025. Michael Intrator, CEO of CoreWeave, stated that the acquisition would accelerate the company's strategy in deploying AI and HPC workloads at scale. Adam Sullivan from Core Scientific emphasized the strategic benefit of combining the two firms, improving their competitive stance in providing AI infrastructure. These discussions have evolved after earlier failed negotiations, indicating a shift in both companies' strategies towards collaboration in the evolving AI landscape.

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