Why CoreWeave's Acquisition of Core Scientific Is a Brilliant Move

On Monday, July 7, AI infrastructure darling CoreWeave (NASDAQ: CRWV) announced it would be acquiring Bitcoin miner Core Scientific (NASDAQ: CORZ) in an all-stock deal.Large acquisitions like this $9 billion venture can sometimes blow up in the acquiror's face. However, delving into the details of this deal's terms, not only does the combined company appear to have a high-probability of realizing significant benefits, but the acquisition also appears to have limited risks relative to typical large deals.In this deal, CoreWeave is essentially acquiring its landlord. Founded in 2017, Core Scientific had been a Bitcoin miner, but has more recently been transforming itself into an AI data center co-location host for others, most notably CoreWeave. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool