⚙️ CoreWeave acquired the miner Core Scientific for a record $9 billion

Infrastructure provider for AI CoreWeave has completed the largest deal in the industry, acquiring the mining company Core Scientific for $9 billion.

➡️ The goal of the deal is to significantly expand data centers to support artificial intelligence and computational tasks. CoreWeave now has about 1.3 GW of capacity from operational data centers and more than 1 GW of potential for growth.

📊 Shareholders of Core Scientific will receive 0.1235 shares of CoreWeave Class A for each of their shares and will own less than 10% of the combined company.

This is already the second attempt at a buyout: in 2024, the offer was rejected as insufficient. At that time, they offered $5.75 per share, but after a sharp increase in profits, CoreWeave had to raise the bid.

🅱️ At the time of purchase, Core Scientific ranked 33rd among corporate bitcoin holders with a balance of 977 BTC.

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