In a significant development, CoreWeave, a prominent AI hyperscaler, has taken over Core Scientific, its cryptomining partner, in a deal that includes AI GPUs and data center infrastructure. This long-anticipated move expands CoreWeave's portfolio.
**CoreWeave Acquires Core Scientific in $9 Billion Deal, Bolstering AI Hyperscaling Capabilities**
CoreWeave, a leading AI hyperscaler, announced on July 7, 2025, its acquisition of Core Scientific, a prominent data center infrastructure provider, in an all-stock transaction valued at approximately $9 billion. This strategic move aims to verticalize CoreWeave's data center ownership, enhancing operational efficiency, future-proofing revenue growth, and improving profitability.
Founded as a cryptomining firm, CoreWeave has since pivoted into the AI hyperscaling trend. The acquisition of Core Scientific will provide CoreWeave with control over approximately 1.3 gigawatts (GW) of gross power capacity across Core Scientific’s national data center footprint, with an additional 1 GW+ of potential expansion capacity.
Core Scientific, initially a data center builder optimized for cryptocurrency mining, went public via a SPAC merger in 2022 but filed for bankruptcy in 2023. After exiting Chapter 11 bankruptcy protection in January 2025, the company pivoted its facilities to support AI workloads. CoreWeave, a premier partner of Nvidia, had already been a partner of Core Scientific through infrastructure hosting deals, including a 15-megawatt contract signed in February 2025 that expanded over time into billions of dollars of infrastructure collaboration.
By owning Core Scientific's high-performance data center infrastructure outright, CoreWeave can significantly reduce lease overhead costs and streamline operations, enhancing cost efficiency and profitability. This acquisition accelerates CoreWeave’s strategy to deploy AI and high-performance computing (HPC) workloads at scale, enabling the company to offer enhanced performance and expertise to its customers, who are described as AI pioneers.
The combined infrastructure and expertise of the two companies strengthen CoreWeave’s vertically integrated cloud platform, unlocking new possibilities for AI innovation and better meeting the demands of accelerated computing now and in the future. The acquisition is expected to be completed by Q4 2025, assuming no legal issues arise.
For those interested in the latest news and in-depth reviews in the tech industry, subscribing to the Tom's Hardware Newsletter or following Tom's Hardware on Google News would be a great way to stay updated. CoreWeave has already deployed the world-first Grace Blackwell Ultra Superchip systems from Nvidia, and it is likely to continue its close partnership and constant purchasing of Nvidia's newest HPC products. The majority of the power draw comes from Core Scientific's Austin, TX, plant, and CoreWeave expects to expand its power capacity by an additional 1 GW or more.
However, the nature of operating a hyperscaling operation without the support of multi-trillion-dollar corporations like Amazon and Google seems tenuous. Nonetheless, CoreWeave's acquisition of Core Scientific represents a major consolidation in the AI infrastructure space, positioning the company to better support large-scale AI workloads with owned, high-performance data center assets and a robust power footprint that supports continued growth and innovation in the AI market.
- The acquisition of Core Scientific, a data center infrastructure provider, by CoreWeave, a leading AI hyperscaler, will not only bolster their business operations but also enable them to leverage data-and-cloud-computing technology more effectively.
- With the acquisition of Core Scientific, CoreWeave, a premier Nvidia partner, will optimize its finance and technology resources to offer enhanced performance and expertise in AI hyperscaling, positioning itself as a formidable competitor in the AI infrastructure space.
