Core Scientific Acquired by CoreWeave in $9 Billion Deal
Deal News | Jul 07, 2025 | Wachtell, Lipton, Rosen & Katz
CoreWeave, a leading company in AI hyperscaling, has announced its acquisition of Core Scientific, a prominent data center infrastructure provider, for a total of $9 billion. This deal, facilitated by legal advisor Wachtell, Lipton, Rosen & Katz, marks a significant shift in the data center and AI infrastructure landscape. The transaction underscores the growing demand for robust data infrastructure to support AI technologies and comes as a response to increasing competitive pressures in the hyperscale computing sector. CoreWeave, listed on NASDAQ as CRWV, aims to leverage Core Scientific's expertise and facilities to expand its footprint and capabilities in the market.
Sectors
- Data Center Infrastructure
- AI Hyperscale
- Mergers and Acquisitions (M&A) Advisory
Geography
- United States – Both CoreWeave and Core Scientific are based in the United States, making the geography of the companies and the transaction local.
Industry
- Data Center Infrastructure – This industry involves the provision of services and facilities to support data storage, processing, and connectivity, relevant due to Core Scientific's involvement.
- AI Hyperscale – This sector focuses on large-scale AI computation and infrastructure, pertinent due to CoreWeave's operations and strategic focus.
- Mergers and Acquisitions (M&A) Advisory – The M&A sector involves transactional advisory services, relevant due to Wachtell, Lipton, Rosen & Katz's role in the deal.
Financials
- $9 billion – Total value of the acquisition deal between CoreWeave and Core Scientific.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Core Scientific | Target Company | Company | A leading data center infrastructure provider listed on NASDAQ as CORZ. |
| CoreWeave | Bidding Company | Company | An AI Hyperscaler, listed on NASDAQ as CRWV, acquiring Core Scientific. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | A law firm providing M&A advisory services for the CoreWeave-Core Scientific deal. |