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CoreWeave Acquires Bitcoin Miner Core Scientific in $9B Deal

Solomon M. by Solomon M.
July 7, 2025
in Bitcoin News
Key Points:
  • CoreWeave consolidates data center power with 1.3 GW acquired.
  • Core Scientific stock received 66% premium value.
  • Market shifts noted with CoreWeave share fluctuation.
coreweave-acquires-bitcoin-miner-core-scientific-in-9b-deal
CoreWeave Acquires Bitcoin Miner Core Scientific in $9B Deal

Market observers note the acquisition’s impact on U.S. bitcoin mining dynamics, with CoreWeave’s strengthened infrastructure portfolio.

The acquisition occurred when CoreWeave expanded its AI infrastructure capabilities by purchasing Core Scientific. CoreWeave, specializing in cloud and AI infrastructure, leveraged its relationship with Core Scientific to gain significant data center capacity.

Details of the Acquisition

Core Scientific, a well-established bitcoin miner, transferred about 1.3 gigawatts of power capacity in this deal, enhancing CoreWeave’s operational capabilities. Core Scientific shareholders received a 66% premium, equating each share to 0.1235 CoreWeave shares.

“No public statements have been released regarding this acquisition,” Michael Intrator, CEO and co-founder of CoreWeave. [Source: Various news articles]

The financial landscape briefly shifted as CoreWeave’s stock decreased by approximately 2-4%, and Core Scientific’s fell 14% post-announcement. There is a market consolidation effect expected in the U.S. mining infrastructure domain.

Market Impact and Future Outlook

Further hypotheses suggest the deal may impact hash power distribution. While no immediate effect was observed on BTC or ETH, long-term market dynamics could shift due to operational changes influenced by this acquisition.

Regulatory Considerations

The deal may prompt regulatory reviews due to its scale, potentially impacting future industry regulations. Industry precedents like Riot Platforms’ Riot blockchain acquisition were considered stable, reinforcing the potential for limited immediate cryptocurrency market volatility. Despite the acquisition’s size, no significant regulatory statements have been issued at this time.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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