CoreWeave is acquiring Core Scientific in a $9B all-stock deal.
The merger links AI computing and Bitcoin mining infrastructure.
The deal highlights growing synergy between AI and crypto sectors.
CoreWeave, a leading AI cloud computing provider, is set to acquire Bitcoin mining giant Core Scientific in a game-changing $9 billion all-stock deal. This move will create a powerful force at the intersection of artificial intelligence and blockchain infrastructure.
The agreement brings together CoreWeave’s high-performance GPU cloud services and Core Scientific’s expansive network of data centers across North America. With over 745 megawatts of operational capacity and a strong foothold in Bitcoin mining, Core Scientific will now pivot more toward supporting AI computing workloads.
Blending AI Power with Bitcoin Mining
This merger is more than just a financial transaction. It’s a strategic alignment reflecting the growing demand for AI compute resources. As AI models become more complex and data-hungry, the need for energy-efficient, large-scale data centers is skyrocketing. Core Scientific’s facilities, originally built for Bitcoin mining, offer the perfect infrastructure to support AI at scale.
Post-acquisition, Core Scientific will allocate roughly 200 megawatts of infrastructure to CoreWeave’s AI cloud services. This will give CoreWeave a major boost in GPU deployment and operational flexibility.
LATEST: CoreWeave to acquire Bitcoin miner Core Scientific in an all‑stock deal worth ~$9 B. pic.twitter.com/xftrzlCsF3
— Cointelegraph (@Cointelegraph) July 8, 2025
What This Means for the Industry
The CoreWeave–Core Scientific deal signals a shift in how tech companies are approaching infrastructure needs. Bitcoin mining farms are now being seen as valuable real estate for AI operations. By tapping into existing power and cooling setups, companies like CoreWeave can scale faster and more cost-effectively.
As the lines between AI and blockchain continue to blur, deals like this could become more common, setting a new precedent for industry collaboration and evolution.
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