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CoreWeave Acquires Core Scientific in $9 Billion Deal
CoreWeave announced Monday that it signed a $9 billion all-stock deal to acquire Core Scientific, a data center infrastructure provider.
Expansion of Data Center Capacity
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.
Increasing Demand for Data Center Services
Cloud infrastructure providers are racing to grow their data center footprint to keep up with the seemingly never-ending computational demands of AI companies. Bloomberg reported last week that OpenAI struck a deal to rent an additional 4.5 gigawatts’ worth of data center capacity from Oracle, expanding on the two companies’ already massive Stargate infrastructure deal.
