CoreWeave Inc.’s $9 billion acquisition of Core Scientific Inc. has thrown investors holding the smaller company’s convertible bonds for a loop.

Now, CoreWeave has helped another crypto mining operation fully pivot. On Monday, the company announced its plans to acquire Core Scientific, a publicly traded Bitcoin miner. The acquisition, which CoreWeave said is expected to close in the fourth quarter, was an all-stock deal for about $9 billion.

CoreWeave's acquisition of Core Scientific aims to verticalize data center ownership and cut $500 million in costs by 2027. Read why CRWV stock is a Buy.

CoreWeave announced its anticipated acquisition of Core Scientific on Monday. The deal has several benefits for CoreWeave and very little risk. On Monday, July 7, AI infrastructure darling CoreWeave (NASDAQ: CRWV) announced it would be acquiring Bitcoin miner Core Scientific (NASDAQ: CORZ) in an all-stock deal.

CoreWeave, Inc. (NASDAQ: CRWV) to acquire Core Scientific, Inc. (NASDAQ: CORZ) in $9B all-stock deal to enhance data center footprint and increase profitability. Analyst maintains Neutral rating.

CoreWeave stock slipped after the Nvidia partner said it will acquire Core Scientific in an all-stock deal valued at around $9 billion. Monitor these important chart levels.

CoreWeave’s acquisition of an all stock deal which values the latter at roughly $9 billion. The deal is a major strategic move for Nvidia-backed CoreWeave as AI companies are racing to grab power-rich infrastructure to sustain skyrocketing computational needs, as per reports.

CoreWeave stock sank today after Needham lowered its rating on the stock from buy to hold. CoreWeave's $9 billion all-stock acquisition of Core Scientific has some investors feeling jittery about valuations.

CoreWeave will buy crypto miner Core Scientific in an all-stock deal valued at about $9 billion, it said on Monday, as AI infrastructure firms race to secure the energy and data center capacity needed to power surging demand.