CoreWeave Once Again Looks To Buy Digital Infrastructure Firm Core Scientific
If at first you don't succeed, try, try again.
After an unsuccessful bid to acquire digital infrastructure firm Core Scientific last year, artificial intelligence cloud provider CoreWeave is making another attempt.
A deal could be inked within the coming weeks, provided all goes according to plan, The Wall Street Journal reported. The terms of the deal were unclear on Thursday.
Core Scientific has a market value of nearly $3.7B. When CoreWeave tried to acquire Core Scientific last year, it did so for a per-share price that placed the company's value at roughly $1B, an offer Core Scientific rejected as too low.
CoreWeave, which went public earlier this year, has a market capitalization of about $75B.
CoreWeave offers cloud infrastructure for AI to big-name partners, including Microsoft, which is responsible for 62% of CoreWeave's revenue, according to initial public offering filings. Core Scientific owns and operates high-powered digital infrastructure for hosting services and bitcoin mining.
Both firms got their start in bitcoin mining but have since pivoted to using their capabilities to cash in on the AI boom.
CoreWeave had a portfolio of 32 data centers with a combined 360 megawatts of active power at the start of 2025, but it doesn't actually own the properties, according to IPO filing documents.
Core Scientific operates nine data centers across the South and Midwest.
News of a possible acquisition sent Core Scientific's stock up 33% as of Thursday afternoon, to $16.36 per share.
