CoreWeave’s $9B Acquisition of Core Scientific: A Major Move in AI Infrastructure
AI infrastructure company CoreWeave announced on Monday its plans to acquire data center provider Core Scientific in a $9 billion all-stock deal. This marks one of the largest AI infrastructure acquisitions of 2025.
The transaction will grant CoreWeave ownership of approximately 1.3 gigawatts of power capacity across Core Scientific’s national data center footprint. Additionally, it will provide an extra 1+ gigawatts available for future expansion.
Under the deal terms, Core Scientific shareholders will receive 0.1235 newly issued CoreWeave shares for each share held. This represents a 66% premium to Core Scientific’s closing price before the deal talks emerged. The acquisition is expected to close in Q4 2025, pending regulatory and shareholder approvals.
CoreWeave CEO Michael Intrator emphasized the strategic value of the acquisition. He stated, “This acquisition accelerates our strategy to deploy AI and HPC workloads at scale.”
The deal will eliminate $10 billion in future lease obligations for CoreWeave. It is also expected to add $500 million in annual cost savings by 2027.