CoreWeave and Core Scientific Deal: Does acquisition really help CoreWeave and its shareholders? See share prices, shocking markets reaction and acquisition terms
is done and its effects have started to show on markets. Cloud and
AI infrastructure
company CoreWeave has announced a $9 billion all-stock agreement to acquire
crypto mining
data center operator Core Scientific. The transaction will allow CoreWeave to increase its ownership of power capacity and reduce long-term lease costs while advancing its artificial intelligence and high-performance computing infrastructure strategy.
CoreWeave and Core Scientific Deal Acquisition Terms
Under the agreement, Core Scientific shareholders will receive 0.1235 shares of CoreWeave Class A common stock for each Core Scientific share. This values
Core Scientific stock
at $20.40 per share. The offer represents a 66% premium over the share price of Core Scientific at the end of June 2025.
The transaction is expected to close in the fourth quarter of 2025. Completion will depend on regulatory approvals and shareholder agreements.
CoreWeave and Core Scientific Deal Shocking Markets Reaction, Share Prices
Following the announcement, CoreWeave's shares fell about 5% pre-market, while Core Scientific shares declined around 19%. By market close, Core Scientific stock was trading at $15.48.
After the acquisition, Core Scientific shareholders will hold less than 10% of the combined company. The merger comes after previous negotiations between the two companies failed last year.
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CoreWeave and Core Scientific Deal: What Both CEOs Say
CoreWeave's CEO Michael Intrator said that the acquisition is a step toward verticalizing their data center footprint. This will allow CoreWeave to reduce operational risks and improve performance for AI and HPC workload deployment.
Intrator stated, 'Owning this foundational layer of our platform will enhance our performance and expertise as we continue helping customers unleash AI's full potential.'
Core Scientific CEO Adam Sullivan added, 'Together with CoreWeave, we will be well-positioned to accelerate the availability of world-class infrastructure for companies innovating with AI while delivering the greatest value for our shareholders.'
CoreWeave and Core Scientific Deal: Will Acquisition help CoreWeave?
Through this acquisition, CoreWeave will gain ownership of approximately 1.3 gigawatts of gross power across Core Scientific's national data center locations. There is also potential for an additional 1 gigawatt in power expansion.
CoreWeave said this power acquisition will help support its AI and high-performance computing infrastructure goals, offering a more integrated and efficient operation across its facilities.
CoreWeave stated that the acquisition will eliminate more than $10 billion in cumulative future lease expenses over the next 12 years. The deal also offers $500 million in estimated annual run rate cost savings by 2027 through operational streamlining.
The financial terms also include a neutral impact on leverage for CoreWeave. The deal is expected to open access to new financing sources with better capital costs.
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CoreWeave and Core Scientific Deal Background
The acquisition follows previous talks that were halted last year when Core Scientific rejected an earlier offer from CoreWeave. Both companies had announced hosting agreements in 2024, leading to a renewed interest in a potential merger. The Wall Street Journal had reported in late June 2025 that the two firms were once again in discussions.
Once completed, the deal will position CoreWeave to continue scaling its infrastructure to support artificial intelligence and data-driven industries. The move aims to enhance profitability, reduce operational risks, and secure long-term growth for the combined entity.
FAQs
What does the CoreWeave and Core Scientific deal mean for shareholders?
Core Scientific shareholders will receive 0.1235
CoreWeave shares
per share. Their ownership in the merged company will be less than 10%.
How much cost savings will CoreWeave gain from this deal?
The company expects $10 billion in lease cost elimination and $500 million in annual run rate savings by 2027.
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