CoreWeave to Acquire Bitcoin Mining Company 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 for approximately $9 billion, which is expected to be completed in the fourth quarter of this year. After the acquisition is completed, #CoreWeave will obtain a total power of 1.3 gigawatts in Core Scientific's data center layout across the United States, and can expand another 1 gigawatt in the future. (Decrypt)