CoreWeave Seals a $9 Billion Deal to Acquire Core Scientific in a Major AI Data Center Transaction
CoreWeave, a leading AI cloud infrastructure company, announced on Monday its plans to acquire data center provider Core Scientific in a $9 billion all-stock transaction. This deal marks one of the most significant AI-related acquisitions of 2025.
The acquisition provides CoreWeave with access to approximately 1.3 gigawatts of data center capacity across Core Scientific’s national footprint, with potential for an additional 1 gigawatt of expansion. Core Scientific stockholders will receive 0.1235 shares of CoreWeave Class A common stock for each share held, representing a 66% premium to the unaffected closing price.
The acquisition is expected to close in Q4 2025, pending regulatory approval. CoreWeave, which went public in March 2025, serves major clients including Microsoft, which accounted for 62% of its 2024 revenue.
This strategic deal enables CoreWeave to eliminate over $10 billion in future lease overhead while gaining direct control over critical power infrastructure needed for AI workloads.
However, both companies’ stocks fell following the announcement, with CoreWeave down 3% and Core Scientific dropping 17.6%.