Core Scientific, Inc. (CORZ)
CoreWeave to acquire Core Scientific for $9B in all-stock deal
CoreWeave (NASDAQ:CRWV), an AI hyperscaler, announced that it will acquire data center infrastructure provider Core Scientific (NASDAQ:CORZ) in an all-stock deal valued at approximately $9 billion. Shares of both companies fell on the announcement, with CoreWeave down 2.3% at $161 and Core Scientific down 15.9% at $15.
CoreWeave, Core Scientific Shares Slide on $9B Acquisition Deal
CoreWeave (CRWV) reached an agreement to acquire longtime data center partner Core Scientific (CORZ) in an all-stock deal worth roughly $9 billion, the company said Monday.
CoreWeave to acquire Core Scientific in $9 billion all-stock deal
Artificial intelligence hyperscaler CoreWeave said Monday it will acquire Core Scientific, a leading data center infrastructure provider. It is an all-stock deal valued at approximately $9 billion.
CoreWeave Stock Falls. It's Finally Buying Core Scientific.
CoreWeave leases data center space from Core Scientific and previously tried to acquire the company last year.
Core Scientific Stock Stalls After Rally on Reported CoreWeave Acquisition Talks
Close Key Takeaways Shares of Core Scientific stalled Friday after soaring 33% yesterday as The Wall Street Journal reported that CoreWeave once again is looking to buy the company.Last year, CoreWeave attempted to acquire Core Scientific for $5.75 per share but was rejected.The companies have a number of existing agreements for Core Scientific to provide CoreWeave with hosting capacity. Shares of Core Scientific (CORZ) were down slightly Friday after soaring 33% yesterday as The Wall Street Journal reported that CoreWeave (CRWV) once again is looking to acquire the company. Last year, AI hyperscaler CoreWeave tried to buy Core Scientific for $5.75 per share, or more than $1 billion at the time, but was rejected by the Austin, Texas-based firm, which says it is "one of the largest owners and operators of high-powered digital infrastructure for bitcoin mining and hosting services in North America." The Journal report Thursday sent Core Scientific's stock soaring and back into positive territory for the year, closing yesterday at $16.36. Shares are up another 5% less than an hour before the opening bell. CoreWeave and Core Scientific did not immediately respond to Investopedia requests for comments. CoreWeave, Core Scientific Already Have Business Relationship Last year, Core Scientific inked several deals to provide CoreWeave with billions of dollars' worth of high performance computing (HPC) infrastructure. CoreWeave rents out access to Nvidia (NVDA) graphics processing units (GPUs) to companies like Microsoft (MSFT) use to run the models behind their AI products. CoreWeave shares were up nearly 3% in recent trading and have quadrupled since their initial public offering in March. UPDATE—This article has been updated with the latest share price information. Do you have a news tip for Investopedia reporters? Please email us at [email protected]
CoreWeave in advanced talks to acquire Core Scientific following rejected bid: report
CoreWeave (NASDAQ:CRWV) is in active negotiations to acquire Core Scientific (NASDAQ:CORZ), a bitcoin mining and hosting company, according to a Wall Street Journal report. The report, which cited people familiar with the matter, follows a previously rejected bid by CoreWeave to acquire Core Scientific for $5.75 per share, valuing the company at more than $1 billion.
Core Scientific, Inc. (CORZ) Moves 33.0% Higher: Will This Strength Last?
Core Scientific, Inc. (CORZ) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
CoreWeave in Talks to Buy Core Scientific
CoreWeave last year tried to acquire Core Scientific for $5.75 a share, which at the time valued the business at north of $1 billion. Core Scientific rejected the proposal as too low.
From Mining To Megawatts -- Core Scientific's High-Density Strategy Unfolds
Core Scientific is executing a successful transition from Bitcoin mining to high-density AI colocation infrastructure. Take-or-pay agreements confirmed, eliminating concerns about cancellation risk or dependency on fluctuating AI demand. Enterprise AI demand emerging as a major growth driver; pipeline includes 50–100MW prospects beyond CoreWeave.
Core Scientific, Inc. (CORZ) Q1 2025 Earnings Call Transcript
Core Scientific, Inc. (NASDAQ:CORZ ) Q1 2025 Results Conference Call May 7, 2025 4:30 PM ET Company Participants Jon Charbonneau - Vice President, Investor Relations Adam Sullivan - CEO, President & Director Matt Brown - Chief Operating Officer Jim Nygaard - Chief Financial Officer Conference Call Participants Joe Flynn - Compass Point Research Brett Knoblauch - Cantor Fitzgerald Darren Aftahi - Roth MKM Nick Giles - B Riley John Todaro - Needham & Company Kevin Dede - H.C. Wainwright Paul Golding - Macquarie Capital Bill Papanastasiou - Keefe, Bruyette, & Woods Operator Good day, ladies and gentlemen, and welcome to Core Scientific First Quarter Fiscal Year 2025 Earnings Conference Call.
Core Scientific, Inc. (CORZ) Reports Q1 Loss, Misses Revenue Estimates
Core Scientific, Inc. (CORZ) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.19 per share a year ago.
Analysts Estimate Core Scientific, Inc. (CORZ) to Report a Decline in Earnings: What to Look Out for
Core Scientific, Inc. (CORZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
