AI Company CoreWeave to Acquire Bitcoin Mining Giant Core Scientific for Approximately 1.3 Trillion Yen

CoreWeave, a cloud provider specializing in AI, announced on the 7th that it has signed a contract to acquire cryptocurrency mining company Core Scientific in an all-stock transaction valued at approximately $9 billion (about 1.3 trillion yen). With this acquisition, CoreWeave will own approximately 1.3GW (gigawatts) of power capacity across Core Scientific's data center locations in the United States. Furthermore, it is possible to expand this capacity by more than 1GW. CoreWeave CEO Michael Intrator stated that this acquisition will enhance the company's capabilities in AI and HPC (High-Performance Computing)...