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CoreWeave acquires data center provider Core Scientific in $9B stock deal


Coreweave is acquiring the data center infrastructure provider Core Scientific in a $9 billion all-stock transaction.

As a result of the deal, CoreWeave says it will gain access to more than a gigawatt of data center capacity — enough energy to power more than 850,000 homes — that it can rent out for AI training and inference workloads. Much like CoreWeave, Core Scientific previously offered Bitcoin mining services, but now its GPUs will run and train generative AI models. Cloud infrastructure providers are racing to grow their data center footprint to keep up with the seemingly never-ending computational demands of AI companies.

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