July 7, 2025:
CoreWeave Acquires Core Scientific in $9B Deal - CoreWeave has acquired Core Scientific for $9 billion in an all-stock transaction, expanding its data center capacity by over a gigawatt. This acquisition strengthens CoreWeave's ability to meet the growing computational demands of AI training and inference, transitioning GPUs from Bitcoin mining to generative AI tasks.
This move aligns with industry trends, as cloud providers like Oracle are also expanding infrastructure to support AI companies. The deal underscores the fierce competition to expand data center footprints to accommodate increasing AI workloads.
