By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
World of SoftwareWorld of SoftwareWorld of Software
  • News
  • Software
  • Mobile
  • Computing
  • Gaming
  • Videos
  • More
    • Gadget
    • Web Stories
    • Trending
    • Press Release
Search
  • Privacy
  • Terms
  • Advertise
  • Contact
Copyright © All Rights Reserved. World of Software.
Reading: CoreWeave to acquire data center builder Core Scientific for $9B in stock – News
Share
Sign In
Notification Show More
Font ResizerAa
World of SoftwareWorld of Software
Font ResizerAa
  • Software
  • Mobile
  • Computing
  • Gadget
  • Gaming
  • Videos
Search
  • News
  • Software
  • Mobile
  • Computing
  • Gaming
  • Videos
  • More
    • Gadget
    • Web Stories
    • Trending
    • Press Release
Have an existing account? Sign In
Follow US
  • Privacy
  • Terms
  • Advertise
  • Contact
Copyright © All Rights Reserved. World of Software.
World of Software > News > CoreWeave to acquire data center builder Core Scientific for $9B in stock – News
News

CoreWeave to acquire data center builder Core Scientific for $9B in stock – News

News Room
Last updated: 2025/07/07 at 4:53 PM
News Room Published 7 July 2025
Share
SHARE

Confirming recent rumors, cloud operator CoreWeave Inc. today announced plans to buy data center builder Core Scientific Inc. for $9 billion in stock.

Shares of both companies declined on the news.

Core Scientific launched in 2017 to build data centers optimized for cryptocurrency mining. It went public in 2022 through a merger with a special purpose acquisition company, or SPAC, and filed for bankruptcy the following year. Core Scientific exited Chapter 11 protection last January with a plan to repurpose its crypto mining facilities for artificial intelligence workloads.

Today, the company operates a data center network with 1.3 gigawatts’ worth of compute capacity. One gigawatt corresponds to the power usage of more than 700,000 homes. Core Scientific’s facilities support direct liquid cooling, which is used by large graphics card clusters to remove heat, and offer 99.999% of uptime. That translates into about five minutes of downtime per year.

CoreWeave inked an infrastructure hosting deal with Core Scientific last February, a month after the latter company exited bankruptcy. The initial contract covered 15 megawatts of data center capacity. Over the following year, the companies’ collaboration expanded to cover billions of dollars’ worth of infrastructure. 

CoreWeave relies on Core Scientific data centers to power its eponymous public cloud, which is optimized to run AI workloads. The platform offers access to more than 250,000 Nvidia graphics cards. Customers also have access to other hardware and software tools that ease tasks such as deploying AI models to production.

Earlier this month, CoreWeave became the first cloud provider to deploy a GB300 NVL72 system (pictured). It’s an AI appliance based on the Blackwell Ultra, Nvidia’s newest and most advanced graphics card. The chip can run some workloads 50% faster than the earlier Blackwell B200.

Each GB300 NVL72 combines 72 Blackwell Ultra chips with 36 of Nvidia’s Grace central processing units. There are also 18 BlueField-3 data processing units, or DPUs. The latter chips offload some auxiliary processing tasks from a system’s CPUs, which leaves more compute capacity for applications.

CoreWeave has developed custom software to manage the graphics cards in its cloud. An application called NLCC detects when one of the servers in an AI cluster malfunctions, removes it from the cluster and adds a new machine. This automated workflow is designed to reduce downtime for customers’ AI workloads.

“Verticalizing the ownership of Core Scientific’s high-performance data center infrastructure enables CoreWeave to significantly enhance operating efficiency and de-risk our future expansion, solidifying our growth trajectory,” said CoreWeave Chief Executive Officer Michael Intrator.

About 40% of Core Scientific’s data center capacity, or 500 megawatts, is currently dedicated to cryptocurrency mining. CoreWeave plans to either sell that infrastructure or adapt it to AI workloads after the deal closes in the fourth quarter. Over the subsequent two years, the company hopes to realize $500 million in annual savings by boosting operational efficiency.

Photo: CoreWeave


Support our open free content by sharing and engaging with our content and community.

Join theCUBE Alumni Trust Network

Where Technology Leaders Connect, Share Intelligence & Create Opportunities

11.4k+  

CUBE Alumni Network

C-level and Technical

Domain Experts

Connect with 11,413+ industry leaders from our network of tech and business leaders forming a unique trusted network effect.

News Media is a recognized leader in digital media innovation serving innovative audiences and brands, bringing together cutting-edge technology, influential content, strategic insights and real-time audience engagement. As the parent company of News, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — such as those established in Silicon Valley and the New York Stock Exchange (NYSE) — News Media operates at the intersection of media, technology, and AI. .

Founded by tech visionaries John Furrier and Dave Vellante, News Media has built a powerful ecosystem of industry-leading digital media brands, with a reach of 15+ million elite tech professionals. The company’s new, proprietary theCUBE AI Video cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Disturbing message shooter, 27, ‘left on side of car’ before border agent ambush
Next Article B2B Sales Emails + Templates
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

248.1k Like
69.1k Follow
134k Pin
54.3k Follow

Latest News

US-China tariffs likely to impact Apple prices, iPhone 17 adjustments expected · TechNode
Computing
10 new and returning Netflix shows coming this week (July 6-12)
News
4 Top Trending Meme Coin Thrillers— Arctic Pablo’s Fiery Presale Steals the Spotlight, While Fwog and Tutorial Coin Gain Momentum
Gadget
Apple releases iOS 26 beta 3 update for iPhone with these new features
Software

You Might also Like

News

10 new and returning Netflix shows coming this week (July 6-12)

5 Min Read
News

Following hiccup, macOS 26 beta 3 now available for Apple Silicon – 9to5Mac

2 Min Read
News

The Galaxy Watch 8 still hasn’t launched yet, but don’t tell Samsung Health

5 Min Read
News

Chilling moment mushroom killer discharges herself from hospital sparking panic

8 Min Read
//

World of Software is your one-stop website for the latest tech news and updates, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

Topics

  • Computing
  • Software
  • Press Release
  • Trending

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

World of SoftwareWorld of Software
Follow US
Copyright © All Rights Reserved. World of Software.
Welcome Back!

Sign in to your account

Lost your password?