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MarketBeat
MarketBeat
Jeffrey Neal Johnson

CoreWeave's $9 Billion Power Play for Core Scientific

CoreWeave Core Scientific MarketBeat Nasdaq

AI infrastructure leader CoreWeave, Inc. (NASDAQ: CRWV) has announced a $9.0 billion, all-stock deal to buy data center operator Core Scientific, Inc. (NASDAQ: CORZ).

The market reacted with immediate skepticism, and CoreWeave’s stock price declined following the news. Investors were clearly concerned that their ownership would be diluted or spread across more shares and that merging the two companies would be difficult.

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