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CoreWeave Pays $9 Billion for Bitcoin Miner Core Scientific 

  • CoreWeave, an AI company, is acquiring data center infrastructure provider Core Scientific in a $9 billion deal.
  • The acquisition allows CoreWeave to enhance efficiency, reduce costs, and have more control over infrastructure for AI and HPC workloads at scale.
  • Core Scientific provides infrastructure for bitcoin mining and hosting services and the deal comes amidst a trend of high-value AI startup mergers and acquisitions.
  • The value of M&A deals involving AI startups has significantly increased, with companies spending billions on AI-related acquisitions in 2022, showcasing a growing trend of consolidation in the industry.

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