CoreWeave's $1B Bid Boosts Core Scientific Amid AI Hosting Deal

CoreWeave Inc. has made an all-cash offer of about $1 billion to acquire Bitcoin miner Core Scientific Inc., aiming to expand its AI data center capacity. The offer represents a 55% premium to Core Scientific’s recent average stock price, causing shares to surge. The companies have also signed 12-year contracts for Core Scientific to provide 200 megawatts of infrastructure to host CoreWeave’s operations, highlighting the growing demand for energy infrastructure and data center management amid the AI boom.