Why CoreWeave's Acquisition of Core Scientific Is a Brilliant Move
On Monday, July 7, AI infrastructure darling CoreWeave (CRWV -9.60%) announced it would be acquiring Bitcoin miner Core Scientific (CORZ -1.97%) 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.Three ...