m_and_a
confidence high
sentiment positive
materiality 0.90
CoreWeave to acquire Core Scientific in $9B all-stock deal, 66% premium
CoreWeave, Inc.
- All-stock deal: Core Scientific stockholders get 0.1235 CRWV shares per CORZ share, ~$9B equity value.
- ~66% premium to unaffected Core Scientific closing price of $12.30 on June 25, 2025.
- CoreWeave gains ~1.3 GW gross power footprint, eliminates >$10B future lease overhead over 12 years.
- Expected to add $500M annual run-rate cost savings by end of 2027; close targeted for Q4 2025.
- Core Scientific stockholders expected to own less than 10% of combined company post-close.
item 7.01item 9.01