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CoreWeave spends 9 billion USD on the acquisition of Core Scientific, controlling the lifeblood of AI Computing Power.
According to a report by Bloomberg, AI cloud service provider CoreWeave announced an acquisition of data center operator Core Scientific for $9 billion in an all-stock deal. This move aims to directly control the key physical assets that support the artificial intelligence (AI) boom — data centers.
CoreWeave will acquire over 1 gigawatt (GW) of data center computing power capacity from Core Scientific's locations across the United States, most of which has already been contracted to serve its clients for AI model training, deployment, and usage.
Strategic Drive: Reducing Costs and Increasing Efficiency to Ensure Growth
Transaction Details and Market Reaction
Core Scientific: From Bitcoin Mining Farm to AI Computing Hub
Historical Origins