🔥 Big Merger Alert: CoreWeave to Acquire Core Scientific for $9 Billion
In a groundbreaking move today, Nvidia-backed CoreWeave announced it’s acquiring crypto mining giant Core Scientific in an all-stock deal valued at about $9 billion, giving Core Scientific shareholders $20.40 per share—around a 66% premium .
💡 **Why it matters:**
Signals a shift: AI infrastructure firms are snapping up crypto-mining assets to power data centers.
Clears over $10 billion in obligations, positioning CoreWeave for expanded AI capacity.
Tracks a broader consolidation across crypto and AI industries.