CoreWeave Buys Core Scientific in $9B AI Mining Shakeup

• CoreWeave will acquire Core Scientific in a $9 billion all-stock deal, closing in Q4 2025
• The acquisition will eliminate over $10B in future lease obligations and generate $500M in annual cost savings by 2027
• The deal signals a deeper convergence between AI infrastructure and crypto mining, with potential pivot toward high-performance computing

Core Scientific is about to become part of something much bigger.

In a move that feels like another major shift in how crypto and AI continue to merge, AI infrastructure powerhouse CoreWeave is acquiring the Bitcoin mining firm in a massive all-stock deal worth approximately $9 billion. The transaction is expected to close sometime in Q4.

Shareholders of Core Scientific will receive 0.1235 CoreWeave Class A common shares for every Core Scientific share they hold. But there’s a catch — after the deal is done, those same shareholders will own less than 10% of the combined company.

It’s a big pivot, and not everyone may love that part.

That said, the benefits for Core Scientific — and arguably for CoreWeave — are hard to ignore. The agreement will eliminate over $10 billion in future lease obligations that were locked in over the next 12 years. That alone already feels like a massive win.

But there’s more. By streamlining operations and aligning toward high-performance computing (HPC), both companies expect $500 million in annual cost savings by 2027. And yes, there’s also the potential for CoreWeave to repurpose parts of Core Scientific’s infrastructure or eventually divest the crypto mining business altogether.

That flexibility matters, especially in a market where sentiment can shift fast.

Access to better financing conditions is also part of the game now. Lower capital costs, stronger infrastructure, and a serious push into AI-driven compute services — the play here isn’t just about cutting costs; it’s about shifting long-term strategy.

It’s the kind of deal that might make Bitcoin purists raise an eyebrow, but it shows just how fast the lines between crypto and AI are blurring. And in the current market, that fusion might not just be a trend — it could be survival.