CoreWeave has completed its acquisition of Core Scientific for 9 billion USD, enhancing its data center capacity for AI and high-performance computing workloads.
Core Scientific shareholders will receive 0.1235 shares of CoreWeave for each share held, which reflects a premium of 66% over the recent stock price.
Despite the acquisition of a prominent Bitcoin mining firm, CoreWeave does not plan to return to mining and may repurpose the acquired assets for other usages.
Leave a Reply