CoreWeave's all-stock acquisition of Core Scientific - To The Moon

NewsNews
PostsPosts
SelectionSelection

- DoraWuttyiDoraWuttyi
  ·2025-07-07
  Keep buying it 🤝
  CoreWeave to Buy Crypto Miner Core Scientific in $9 Billion Deal
  UPDATE 1-CoreWeave to buy crypto miner Core Scientific in $9 billion deal Adds details and context throughoutJuly 7 - AI data center firm CoreWeave CRWV.O said on Monday it would buy crypto miner Core Scientific CORZ.O in an all-stock deal valued at about $9 billion.The offer represents a $20.40 per share value and implies a premium of nearly 66% to Core Scientific stock's close before potential deal talks were first reported. The deal is expected to close in the fourth quarter, and the final price will be determined at that time, the companies said.
  CoreWeave to Buy Crypto Miner Core Scientific in $9 Billion Deal
  1.59K Comment
  3
  Share
  Report
- DoraWuttyiDoraWuttyi
  ·2025-07-07
  Keep buying it 🤝
  CoreWeave to Buy Crypto Miner Core Scientific in $9 Billion Deal
  UPDATE 1-CoreWeave to buy crypto miner Core Scientific in $9 billion deal Adds details and context throughoutJuly 7 - AI data center firm CoreWeave CRWV.O said on Monday it would buy crypto miner Core Scientific CORZ.O in an all-stock deal valued at about $9 billion.The offer represents a $20.40 per share value and implies a premium of nearly 66% to Core Scientific stock's close before potential deal talks were first reported. The deal is expected to close in the fourth quarter, and the final price will be determined at that time, the companies said.
  CoreWeave to Buy Crypto Miner Core Scientific in $9 Billion Deal
  1.59K Comment
  3
  Share
  Report

{"themeInfo":{"themeId":"f5812919373d2feafc9155b16c8a5398","name":"CoreWeave's all-stock acquisition of Core Scientific","description":"CoreWeave to acquire Core Scientific in all-stock deal","image":"https://community-static.tradeup.com/news/1201dcc0482be040348fb8d4f228bb68","type":2,"style":4,"follow":false,"createTime":1751892370284,"userCounts":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/special/finance&rndata={\"themeId\":f5812919373d2feafc9155b16c8a5398}&rnconfig={\"headerBarHidden\": true}","subscribe":false,"allowSubscriptionFinancial":false,"subscriberCount":0,"allowFollow":false,"hasReward":false,"rewardScore":0,"rewardValidDate":0,"rewardEnd":false,"symbols":[],"tweetCounts":1,"categoryId":"2929bb7468f5415f853fd96fb35d7c3b","options":[],"votedOptionId":"","totalUserCount":0,"followStatus":false,"themeName":"CoreWeave's all-stock acquisition of Core Scientific","tweetAmount":1,"imageIsDefault":false,"aiDerivativeIssues":[]},"tab":"all","isFinancial":true,"allList":[{"id":454109803835664,"gmtCreate":1751896859076,"gmtModify":1751897519848,"author":{"id":"4204515462137482","authorId":"4204515462137482","name":"DoraWuttyi","avatar":"https://community-static.tradeup.com/news/0c9edf41d03c43755dc064e92ef5bc91","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4204515462137482","idStr":"4204515462137482"},"themes":[],"title":"","htmlText":"Keep buying it 🤝","listText":"Keep buying it 🤝","text":"Keep buying it 🤝","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/454109803835664","repostId":"2549532108","repostType":2,"repost":{"id":"2549532108","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1751896372,"share":"https://ttm.financial/m/news/2549532108?lang=en_US&edition=fundamental","pubTime":"2025-07-07 21:52","market":"us","language":"en","title":"CoreWeave to Buy Crypto Miner Core Scientific in $9 Billion Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2549532108","media":"Reuters","summary":"UPDATE 1-CoreWeave to buy crypto miner Core Scientific in $9 billion deal Adds details and context throughoutJuly 7  - AI data center firm CoreWeave CRWV.O said on Monday it would buy crypto miner Core Scientific CORZ.O in an all-stock deal valued at about $9 billion.The offer represents a $20.40 per share value and implies a  premium of nearly 66% to Core Scientific stock's close before potential deal talks were first reported.  The deal is expected to close in the fourth quarter, and the final price will be determined at that time, the companies said.  ","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/CRWV\">CoreWeave, Inc.</a>  will buy crypto miner  <a href=\"https://laohu8.com/S/CORZ\">Core Scientific, Inc.</a>  in an all-stock deal valued at about $9 billion, the company said on Monday, as AI infrastructure firms race to secure power supply to support their surging workloads.</p><p>The acquisition highlights how artificial intelligence companies are moving beyond traditional data centers and looking to repurpose the energy-intensive sites and power contracts bitcoin miners built during the crypto boom.</p><p>CoreWeave fell 5% and Core Scientific fell 20% in Monday trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/054c1572bdf57c04ca4fbc276dccc9e3\" tg-width=\"354\" tg-height=\"95\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c717ec0b0db91ef4be3181cfd55f3b78\" tg-width=\"357\" tg-height=\"101\"/></p><p>The deal will help in the immediate elimination of more than $10 billion of cumulative future lease overhead to be paid for existing contractual sites over the next 12 years, CoreWeave said.</p><p>The offer represents a $20.40 per share value and implies a premium of nearly 66% to Core Scientific stock&#39;s close before reports of potential deal talks first appeared in late June.</p><p>The deal is expected to close in the fourth quarter, and the final price will be determined at that time, the companies said.</p><p>Founded as an Ethereum-focused crypto miner in 2017, CoreWeave pivoted to AI a few years later. It shuttered its mining business after &#34;The Merge&#34;, Ethereum&#39;s 2022 upgrade, slashed rewards for miners.</p><p>CoreWeave&#39;s revenue has grown at breakneck speed, climbing more than eight-fold last year, according to its IPO prospectus.</p><p>The deal marks a turnaround for Core Scientific, which filed for bankruptcy in late 2022 following a sharp drop in bitcoin prices and soaring energy costs. The company exited bankruptcy in early 2024.</p><p>Core Scientific received an unsolicited non-binding proposal from CoreWeave in June last year to acquire all of the company&#39;s outstanding shares.</p><p>At the time, Core Scientific had said that the deal significantly undervalued it and was not in the best interests of the company and its shareholders.</p><p>The two companies signed a series of 12-year contracts then, including an agreement under which Core Scientific would provide CoreWeave with about 200 MW of infrastructure to power its high-performance computing services.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CoreWeave to Buy Crypto Miner Core Scientific in $9 Billion Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoreWeave to Buy Crypto Miner Core Scientific in $9 Billion Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-07 21:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/CRWV\">CoreWeave, Inc.</a>  will buy crypto miner  <a href=\"https://laohu8.com/S/CORZ\">Core Scientific, Inc.</a>  in an all-stock deal valued at about $9 billion, the company said on Monday, as AI infrastructure firms race to secure power supply to support their surging workloads.</p><p>The acquisition highlights how artificial intelligence companies are moving beyond traditional data centers and looking to repurpose the energy-intensive sites and power contracts bitcoin miners built during the crypto boom.</p><p>CoreWeave fell 5% and Core Scientific fell 20% in Monday trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/054c1572bdf57c04ca4fbc276dccc9e3\" tg-width=\"354\" tg-height=\"95\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c717ec0b0db91ef4be3181cfd55f3b78\" tg-width=\"357\" tg-height=\"101\"/></p><p>The deal will help in the immediate elimination of more than $10 billion of cumulative future lease overhead to be paid for existing contractual sites over the next 12 years, CoreWeave said.</p><p>The offer represents a $20.40 per share value and implies a premium of nearly 66% to Core Scientific stock&#39;s close before reports of potential deal talks first appeared in late June.</p><p>The deal is expected to close in the fourth quarter, and the final price will be determined at that time, the companies said.</p><p>Founded as an Ethereum-focused crypto miner in 2017, CoreWeave pivoted to AI a few years later. It shuttered its mining business after &#34;The Merge&#34;, Ethereum&#39;s 2022 upgrade, slashed rewards for miners.</p><p>CoreWeave&#39;s revenue has grown at breakneck speed, climbing more than eight-fold last year, according to its IPO prospectus.</p><p>The deal marks a turnaround for Core Scientific, which filed for bankruptcy in late 2022 following a sharp drop in bitcoin prices and soaring energy costs. The company exited bankruptcy in early 2024.</p><p>Core Scientific received an unsolicited non-binding proposal from CoreWeave in June last year to acquire all of the company&#39;s outstanding shares.</p><p>At the time, Core Scientific had said that the deal significantly undervalued it and was not in the best interests of the company and its shareholders.</p><p>The two companies signed a series of 12-year contracts then, including an agreement under which Core Scientific would provide CoreWeave with about 200 MW of infrastructure to power its high-performance computing services.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4116":"互联网服务与基础架构","BK4608":"AI应用概念股","BK4023":"应用软件","CORZ":"Core Scientific, Inc.","CRWV":"CoreWeave, Inc."},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250707:nL4N3T40T7:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2549532108","content_text":"CoreWeave, Inc.  will buy crypto miner  Core Scientific, Inc.  in an all-stock deal valued at about $9 billion, the company said on Monday, as AI infrastructure firms race to secure power supply to support their surging workloads.The acquisition highlights how artificial intelligence companies are moving beyond traditional data centers and looking to repurpose the energy-intensive sites and power contracts bitcoin miners built during the crypto boom.CoreWeave fell 5% and Core Scientific fell 20% in Monday trading.The deal will help in the immediate elimination of more than $10 billion of cumulative future lease overhead to be paid for existing contractual sites over the next 12 years, CoreWeave said.The offer represents a $20.40 per share value and implies a premium of nearly 66% to Core Scientific stock's close before reports of potential deal talks first appeared in late June.The deal is expected to close in the fourth quarter, and the final price will be determined at that time, the companies said.Founded as an Ethereum-focused crypto miner in 2017, CoreWeave pivoted to AI a few years later. It shuttered its mining business after \"The Merge\", Ethereum's 2022 upgrade, slashed rewards for miners.CoreWeave's revenue has grown at breakneck speed, climbing more than eight-fold last year, according to its IPO prospectus.The deal marks a turnaround for Core Scientific, which filed for bankruptcy in late 2022 following a sharp drop in bitcoin prices and soaring energy costs. The company exited bankruptcy in early 2024.Core Scientific received an unsolicited non-binding proposal from CoreWeave in June last year to acquire all of the company's outstanding shares.At the time, Core Scientific had said that the deal significantly undervalued it and was not in the best interests of the company and its shareholders.The two companies signed a series of 12-year contracts then, including an agreement under which Core Scientific would provide CoreWeave with about 200 MW of infrastructure to power its high-performance computing services.","news_type":1,"symbols_score_info":{"CORZ":0.9,"CRWV":0.9}},"isVote":1,"tweetType":1,"viewCount":1593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"essenList":[{"id":454109803835664,"gmtCreate":1751896859076,"gmtModify":1751897519848,"author":{"id":"4204515462137482","authorId":"4204515462137482","name":"DoraWuttyi","avatar":"https://community-static.tradeup.com/news/0c9edf41d03c43755dc064e92ef5bc91","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4204515462137482","authorIdStr":"4204515462137482"},"themes":[],"title":"","htmlText":"Keep buying it 🤝","listText":"Keep buying it 🤝","text":"Keep buying it 🤝","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/454109803835664","repostId":"2549532108","repostType":2,"repost":{"id":"2549532108","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1751896372,"share":"https://ttm.financial/m/news/2549532108?lang=en_US&edition=fundamental","pubTime":"2025-07-07 21:52","market":"us","language":"en","title":"CoreWeave to Buy Crypto Miner Core Scientific in $9 Billion Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2549532108","media":"Reuters","summary":"UPDATE 1-CoreWeave to buy crypto miner Core Scientific in $9 billion deal Adds details and context throughoutJuly 7  - AI data center firm CoreWeave CRWV.O said on Monday it would buy crypto miner Core Scientific CORZ.O in an all-stock deal valued at about $9 billion.The offer represents a $20.40 per share value and implies a  premium of nearly 66% to Core Scientific stock's close before potential deal talks were first reported.  The deal is expected to close in the fourth quarter, and the final price will be determined at that time, the companies said.  ","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/CRWV\">CoreWeave, Inc.</a>  will buy crypto miner  <a href=\"https://laohu8.com/S/CORZ\">Core Scientific, Inc.</a>  in an all-stock deal valued at about $9 billion, the company said on Monday, as AI infrastructure firms race to secure power supply to support their surging workloads.</p><p>The acquisition highlights how artificial intelligence companies are moving beyond traditional data centers and looking to repurpose the energy-intensive sites and power contracts bitcoin miners built during the crypto boom.</p><p>CoreWeave fell 5% and Core Scientific fell 20% in Monday trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/054c1572bdf57c04ca4fbc276dccc9e3\" tg-width=\"354\" tg-height=\"95\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c717ec0b0db91ef4be3181cfd55f3b78\" tg-width=\"357\" tg-height=\"101\"/></p><p>The deal will help in the immediate elimination of more than $10 billion of cumulative future lease overhead to be paid for existing contractual sites over the next 12 years, CoreWeave said.</p><p>The offer represents a $20.40 per share value and implies a premium of nearly 66% to Core Scientific stock&#39;s close before reports of potential deal talks first appeared in late June.</p><p>The deal is expected to close in the fourth quarter, and the final price will be determined at that time, the companies said.</p><p>Founded as an Ethereum-focused crypto miner in 2017, CoreWeave pivoted to AI a few years later. It shuttered its mining business after &#34;The Merge&#34;, Ethereum&#39;s 2022 upgrade, slashed rewards for miners.</p><p>CoreWeave&#39;s revenue has grown at breakneck speed, climbing more than eight-fold last year, according to its IPO prospectus.</p><p>The deal marks a turnaround for Core Scientific, which filed for bankruptcy in late 2022 following a sharp drop in bitcoin prices and soaring energy costs. The company exited bankruptcy in early 2024.</p><p>Core Scientific received an unsolicited non-binding proposal from CoreWeave in June last year to acquire all of the company&#39;s outstanding shares.</p><p>At the time, Core Scientific had said that the deal significantly undervalued it and was not in the best interests of the company and its shareholders.</p><p>The two companies signed a series of 12-year contracts then, including an agreement under which Core Scientific would provide CoreWeave with about 200 MW of infrastructure to power its high-performance computing services.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CoreWeave to Buy Crypto Miner Core Scientific in $9 Billion Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoreWeave to Buy Crypto Miner Core Scientific in $9 Billion Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-07 21:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/CRWV\">CoreWeave, Inc.</a>  will buy crypto miner  <a href=\"https://laohu8.com/S/CORZ\">Core Scientific, Inc.</a>  in an all-stock deal valued at about $9 billion, the company said on Monday, as AI infrastructure firms race to secure power supply to support their surging workloads.</p><p>The acquisition highlights how artificial intelligence companies are moving beyond traditional data centers and looking to repurpose the energy-intensive sites and power contracts bitcoin miners built during the crypto boom.</p><p>CoreWeave fell 5% and Core Scientific fell 20% in Monday trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/054c1572bdf57c04ca4fbc276dccc9e3\" tg-width=\"354\" tg-height=\"95\"/></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c717ec0b0db91ef4be3181cfd55f3b78\" tg-width=\"357\" tg-height=\"101\"/></p><p>The deal will help in the immediate elimination of more than $10 billion of cumulative future lease overhead to be paid for existing contractual sites over the next 12 years, CoreWeave said.</p><p>The offer represents a $20.40 per share value and implies a premium of nearly 66% to Core Scientific stock&#39;s close before reports of potential deal talks first appeared in late June.</p><p>The deal is expected to close in the fourth quarter, and the final price will be determined at that time, the companies said.</p><p>Founded as an Ethereum-focused crypto miner in 2017, CoreWeave pivoted to AI a few years later. It shuttered its mining business after &#34;The Merge&#34;, Ethereum&#39;s 2022 upgrade, slashed rewards for miners.</p><p>CoreWeave&#39;s revenue has grown at breakneck speed, climbing more than eight-fold last year, according to its IPO prospectus.</p><p>The deal marks a turnaround for Core Scientific, which filed for bankruptcy in late 2022 following a sharp drop in bitcoin prices and soaring energy costs. The company exited bankruptcy in early 2024.</p><p>Core Scientific received an unsolicited non-binding proposal from CoreWeave in June last year to acquire all of the company&#39;s outstanding shares.</p><p>At the time, Core Scientific had said that the deal significantly undervalued it and was not in the best interests of the company and its shareholders.</p><p>The two companies signed a series of 12-year contracts then, including an agreement under which Core Scientific would provide CoreWeave with about 200 MW of infrastructure to power its high-performance computing services.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4116":"互联网服务与基础架构","BK4608":"AI应用概念股","BK4023":"应用软件","CORZ":"Core Scientific, Inc.","CRWV":"CoreWeave, Inc."},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250707:nL4N3T40T7:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2549532108","content_text":"CoreWeave, Inc.  will buy crypto miner  Core Scientific, Inc.  in an all-stock deal valued at about $9 billion, the company said on Monday, as AI infrastructure firms race to secure power supply to support their surging workloads.The acquisition highlights how artificial intelligence companies are moving beyond traditional data centers and looking to repurpose the energy-intensive sites and power contracts bitcoin miners built during the crypto boom.CoreWeave fell 5% and Core Scientific fell 20% in Monday trading.The deal will help in the immediate elimination of more than $10 billion of cumulative future lease overhead to be paid for existing contractual sites over the next 12 years, CoreWeave said.The offer represents a $20.40 per share value and implies a premium of nearly 66% to Core Scientific stock's close before reports of potential deal talks first appeared in late June.The deal is expected to close in the fourth quarter, and the final price will be determined at that time, the companies said.Founded as an Ethereum-focused crypto miner in 2017, CoreWeave pivoted to AI a few years later. It shuttered its mining business after \"The Merge\", Ethereum's 2022 upgrade, slashed rewards for miners.CoreWeave's revenue has grown at breakneck speed, climbing more than eight-fold last year, according to its IPO prospectus.The deal marks a turnaround for Core Scientific, which filed for bankruptcy in late 2022 following a sharp drop in bitcoin prices and soaring energy costs. The company exited bankruptcy in early 2024.Core Scientific received an unsolicited non-binding proposal from CoreWeave in June last year to acquire all of the company's outstanding shares.At the time, Core Scientific had said that the deal significantly undervalued it and was not in the best interests of the company and its shareholders.The two companies signed a series of 12-year contracts then, including an agreement under which Core Scientific would provide CoreWeave with about 200 MW of infrastructure to power its high-performance computing services.","news_type":1,"symbols_score_info":{"CORZ":0.9,"CRWV":0.9}},"isVote":1,"tweetType":1,"viewCount":1593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"allBottom":false,"essenBottom":false}