CoreWeave Stock Falls. It's Finally Buying Core Scientific. -- Barrons.com

Dow Jones07-07

By Adam Clark

CoreWeave shares were falling on Monday after the cloud-rental company said it would buy its supplier and partner Core Scientific.

Both companies rent out artificial-intelligence servers in the cloud, having begun as data centers for cryptocurrency mining. CoreWeave leases data center space from Core Scientific and previously tried to acquire the company last year.

Core Scientific stockholders will receive 0.1235 newly issued shares of CoreWeave for each share of Core Scientific they hold. The exchange ratio implies a total equity value for Core Scientific of $9.0 billion.

CoreWeave shares were down 4.1% at $158.47 in premarket trading. Core Scientific shares were down 14% at $15.41, suggesting some investors had expected a more generous price after The Wall Street Journal reported talks were taking place between the companies last month.

Write to Adam Clark at adam.clark@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

July 07, 2025 09:01 ET (13:01 GMT)

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CoreWeave leases data center space from Core Scientific and previously tried to acquire the company last year. \n\n\n     Core Scientific stockholders will receive 0.1235 newly issued shares of CoreWeave for each share of Core Scientific they hold. The exchange ratio implies a total equity value for Core Scientific of $9.0 billion. \n\n\n     CoreWeave shares were down 4.1% at $158.47 in premarket trading. Core Scientific shares were down 14% at $15.41, suggesting some investors had expected a more generous price after The Wall Street Journal reported talks were taking place between the companies last month. \n\n\n     Write to Adam Clark at adam.clark@barrons.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. 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