Overview

• Core Scientific shareholders will receive 0.1235 newly issued CoreWeave shares per share, valuing their stock at $20.40, a roughly 66% premium over pre-deal levels.
• The all-stock merger eliminates more than $10 billion in cumulative future lease obligations for existing Core Scientific sites over the next 12 years.
• The deal delivers in-house ownership of 1.3 GW of gross power across Core Scientific’s U.S. data center footprint, with an additional gigawatt available for expansion.
• The announcement triggered share declines, with CoreWeave down about 4.5% and Core Scientific off as much as 20% on July 7.
• The transaction is slated to close in the fourth quarter of 2025, subject to regulatory and shareholder approval.