Core Scientific in its $9 billion acquisition by CoreWeave
On July 7, 2025 CoreWeave (NASDAQ: CRWV), the AI Hyperscaler™, and Core Scientific (NASDAQ: CORZ), a leading data center infrastructure provider, announced that they have signed a definitive agreement under which CoreWeave will acquire Core Scientific in a $9 billion all-stock transaction. Under the terms of the merger agreement, Core Scientific stockholders will receive 0.1235 newly issued shares of CoreWeave Class A common stock for each share of Core Scientific common stock based on a fixed exchange ratio.
Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Core Scientific.