Overview

• CoreWeave will exchange 0.1235 of its shares for each Core Scientific share in a $9 billion transaction that values the target at about $20.40 per share, a 66 percent premium.
• The companies expect to complete the acquisition by the fourth quarter of 2025 once they secure regulatory clearances and shareholder votes.
• CoreWeave forecasts elimination of roughly $10 billion in future lease obligations by internalizing its partner’s power and data-cooling infrastructure.
• The takeover grants CoreWeave ownership of 1.3 gigawatts of on-site power capacity across U.S. facilities with an extra gigawatt available for future expansion.
• Traders reacted skeptically, driving CoreWeave’s stock down about 4 percent and Core Scientific’s shares tumbling around 20 percent after the announcement.