<ul data-eligibleForWebStory="false"><li>AI cloud firm CoreWeave has acquired crypto miner Core Scientific for approximately $9 billion amidst a trend of AI companies seeking data center and energy capacity for AI workloads.</li><li>CoreWeave's stock fell by 3 percent, while Core Scientific's stock dropped by nearly 18 percent following the acquisition announcement.</li><li>Core Scientific, previously focused on crypto-mining infrastructure, emerged from bankruptcy in 2024, shifted focus to AI demand, and rejected CoreWeave's bid in June 2024.</li><li>The deal enables CoreWeave to eliminate future lease overhead, gain control of 1.3 gigawatts of capacity from Core Scientific, and potentially divest the crypto-mining business for AI purposes.</li></ul>

AI Cloud Firm CoreWeave Buys Crypto Miner Core Scientific

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