CoreWeave to Acquire Bitcoin Mining Firm Core Scientific for $9 billion

AI infrastructure company CoreWeave announced on Monday that it has signed an agreement to acquire Bitcoin mining company Core Scientific in an all-stock transaction valued at approximately $9.00 billion, expected to be completed in the fourth quarter of this year. Upon completion of the acquisition, CoreWeave will gain a total power of 1.3 gigawatts across Core Scientific's data center footprint in the United States, with the potential for an additional 1 gigawatt of expansion in the future. [Decrypt]