AI Giant CoreWeave to Buy Bitcoin Miner Core Scientific in $9B Deal

AI Infrastructure has signed an agreement on the purchase of data centers and bitcoin miners Core Scientific in an agreement on all shares worth approximately $ 9 billion, the company announced on Monday.

The Agreement will provide Coreweave 1.3 Gigawatts of Hrubby Energy across the Core Scientific National Data Center, with the potential to gradually expand with another 1 GW, the statement said.

Roseland, Coreweave, based in New Jersey Michael Intrator, said that the agreement would help “Coreweave to significantly increase operational efficiency and cancel our future expansion and consolidate our growth trajectory”.

“The ownership of this basic layer of our platform will improve our performance and expertise, as we continue to help customers release the full AI potential,” he added.

The basic scientific president and CEO Adam Sullivan said that the agreement would help the miner “speed up the availability of first -class infrastructure for companies that innovate with AI, and bring the greatest value to our shareholders.”

According to Monday’s statement, the basic scientific shareholders will receive.

The agreement, which is expected to conclude in the fourth quarter of this year, will exclude more than $ 10 billion in future rental expenditure in the next 12 years, Coreweave said in the announcement.

Companies had a long -term partnership. The Wall Street Journal At the end of June, a report on a potential agreement between companies was reported for the first time.

Coreweave’s shares recently traded for $ 159.74 per share – a 3.3% per day, while Core Scientific dropped by 17% to a price just below $ 15.

Bitcoin mining and AI data centers overlap: both industries use a huge amount of energy and are constantly hunting to secure it cheaper.

Bitcoin miners – which procedural transactions in the network of front cryptocurrencies – have been following AI in recent years as a way to earn extra money.