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Benzinga

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Priya Nigam

CoreWeave's $9 Billion Bet Turns Crypto Miner Into AI Powerhouse

CoreWeave Core Scientific Kevin Dede Core Scientific Inc CORZ HC Wainwright

Businessman,Operating,Virtual,Hud,Interface,And,Manipulating,Elements,With,Robotic

CoreWeave Inc (NASDAQ:CRWV) has announced an all-stock purchase of Core Scientific Inc (NASDAQ:CORZ) in a deal valued at about $20.40 per share, or roughly $9 billion, according to HC Wainwright.

The Core Scientific Analyst: Analyst Kevin Dede downgraded the rating on Core Scientific from Buy to Neutral.

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One subscription that gives you access to news from hundreds of sites

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