CoreWeave, a specialized cloud provider for AI, announced its acquisition of Core Scientific for $9 billion. The deal highlights the growing demand for computational resources.
CoreWeave Acquisition: A Bet on AI
On July 7, 2025, CoreWeave confirmed its intent to acquire Core Scientific in a $9 billion deal. This strategic move underscores the high demand for computing power driven by generative AI, granting CoreWeave access to over one gigawatt of data center capacity.
Core Scientific's Evolution: From Mining to AI
Core Scientific has a history in digital assets and Bitcoin mining services. However, with the rise of interest in AI, the company pivoted its infrastructure to support AI workloads. This reflects a broader industry trend of repurposing data centers once used for mining.
Unlocking Gigawatt Capacity for AI Workloads
The acquisition significantly enhances CoreWeave's operational capacity. Access to over one gigawatt will accelerate AI development and better meet rising demand from startups and enterprises. Key benefits include faster AI development, scalability, and operational efficiency.
CoreWeave's acquisition of Core Scientific for $9 billion emphasizes the importance of cloud infrastructure for AI. This deal marks a new era in the industry focusing on generative AI and the digital economy.
