AI infrastructure leader CoreWeave, Inc. (NASDAQ: CRWV) has announced a $9.0 billion, all-stock deal to buy data center operator Core Scientific, Inc. (NASDAQ: CORZ). The market reacted with immediate skepticism,

Tie-up brings together former bitcoin miners that have pivoted to satisfying demand for high-performance computing

Shares of Core Scientific (CORZ), a major player in Bitcoin (BTCUSD) mining and a provider of digital infrastructure for high-performance computing (HPC), surged more than 33% on June 26, following The Wall Street Journal’s report of potential acquisition talks with AI hyperscaler CoreWeave (CRWV).