CoreWeave to buy crypto miner Core Scientific in $9 billion deal

AI data center firm CoreWeave said on Monday it would buy crypto miner Core Scientific in an all-stock deal valued at about $9 billion.

The offer represents a $20.40 per share value and implies a premium of nearly 66% to Core Scientific stock's close before potential deal talks were first reported.

The deal is expected to close in the fourth quarter, and the final price will be determined at that time, the companies said.