CoreWeave reached an agreement to acquire longtime data center partner Core Scientific in an all-stock deal worth roughly $9 billion, the company said Monday. https://t.co/blVADbx1Br ...

CoreWeave is acquiring data center infrastructure provider Core Scientific in a $9 billion deal.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The artificial intelligence (AI) company announced the deal Monday (Ju ...

润泽科技 20250707 润泽科技 2024 年最大的减值因素与主业无关，公司交付及产业推动均 正常，对公司未来发展保持信心。 Q&A 当前 IDC 行业的整体情况如何？ 目前 IDC 行业的整体情况较为正常，尽管之前由于政策因素导致招标暂缓，但 今年（2025 年）的上架和交付依然在正常进行。例如，世纪互联的指引上调 显示出今年（2025 年）上架速度超出预期。此外，当前 IDC 板块位置较低， 市场预期也非常低，因此在此时布局胜率较高。预计第三季度卡点因素可能好 转，例如 NB 新卡和国产卡的带动，以及海外 TOKEN 数量持续增长，这些都 提升了 IDC 板块配置的性价比。 润泽科技在 IDC 行业中的核心优势是什么？ 润泽科技在 IDC 行业中具有三大核心优势： 1. 战略布局领先：润泽从成立之初就定位于园区级数据中心，每个节点起 步体量为百兆瓦。这种规模化布局非常符合当前 AI 时代大厂需求，相比 云计算时代招标体量显著扩大。 2. 资源储备充裕：润泽在廊坊、平湖、佛山、惠州、重庆、兰州和海南等 地拥有总计约 2.5GW 的资源储备，与国内第三方 IDC 公司万国数据相 摘要 IDC 板块当前位置 ...

Summary of CoreWeave Acquisition of Core Scientific Conference Call Company and Industry - **Companies Involved**: CoreWeave and Core Scientific - **Industry**: High-Performance Computing (HPC) and AI Infrastructure Core Points and Arguments 1. **Acquisition Announcement**: CoreWeave has signed an agreement to acquire Core Scientific in an all-stock transaction, with Core Scientific stockholders receiving 0.1235 shares of CoreWeave Class A common stock for each share of Core Scientific [5][13] 2. **Strategic Importance**: The acquisition is aimed at accelerating CoreWeave's strategy to deploy AI and HPC workloads at scale, enhancing operational efficiencies and solidifying growth [6][9] 3. **Infrastructure Control**: CoreWeave will gain control over Core Scientific's high-performance data center infrastructure, which includes 1.3 gigawatts of existing gross power capacity and over 1 gigawatt of expansion capacity [8][9] 4. **Operational Efficiency**: The acquisition is expected to drive significant cost savings by streamlining operations, eliminating third-party lease obligations, and enhancing financial flexibility [10][14] 5. **Financial Impact**: The deal is projected to eliminate over $10 billion in future lease liabilities and achieve $500 million in annual run rate cost savings by the end of 2027 [15][45] 6. **Power Ownership**: CoreWeave will gain greater control over a critical power footprint, allowing for repurposing existing capacity to meet evolving client needs [11][12] 7. **Employee Expertise**: The acquisition will bring over 300 employees with expertise in power procurement, construction, and site management, enhancing CoreWeave's capabilities [11][12] 8. **Future Growth**: The acquisition is seen as a strategic step to future-proof revenue growth and enhance core profitability by verticalizing the data center footprint [9][10] Additional Important Content 1. **Transaction Details**: The total equity value of the transaction is estimated at $9 billion, based on a fully diluted basis and CoreWeave's five-day volume-weighted average price [13][14] 2. **Closing Timeline**: The transaction is expected to close in Q4 2025, subject to regulatory approvals and Core Scientific's stockholder approval [14] 3. **Capacity and Flexibility**: The acquisition includes 500 megawatts of capacity from cryptocurrency mining data centers, which can be converted to HPC or divested [8][15] 4. **Cost of Capital**: The acquisition is expected to be leverage neutral and enhance access to diverse financing sources, significantly driving down the cost of capital [15][18] 5. **Market Positioning**: The acquisition positions CoreWeave to better serve large-scale clients and compete effectively in the AI infrastructure market [33][34] 6. **Repurposing Strategy**: CoreWeave plans to repurpose existing assets for AI infrastructure while not expanding into cryptocurrency operations [41][42] This summary encapsulates the key points discussed during the conference call regarding the acquisition of Core Scientific by CoreWeave, highlighting the strategic, operational, and financial implications of the deal.

CoreWeave founders Brian Venturo, at left in sweatshirt, and Mike Intrator slap five after ringing the opening bell at Nasdaq headquarters in New York on March 28, 2025.Artificial intelligence hyperscaler CoreWeave said Monday it will acquire Core Scientific, a leading data center infrastructure provider, in an all-stock deal valued at approximately $9 billion. Coreweave stock fell about 4% on Monday while Core Scientific stock plummeted about 20%. Shares of both companies rallied at the end of June after t ...

Transaction Overview - CoreWeave will acquire Core Scientific in an all-stock transaction at a fixed exchange ratio of 0.1235 CoreWeave share per Core Scientific share[9] - The acquisition is expected to result in CoreWeave owning less than 10% of the combined entity at close[9] - The deal is expected to close in Q4 2025, subject to regulatory approval and customary closing conditions[9] Financial Impact and Synergies - The acquisition is projected to immediately eliminate over $10 billion in future lease overhead for existing contractual sites[9] - CoreWeave anticipates over $500 million in fully ramped, annual run rate cost savings by the end of 2027 through streamlined operations[9, 22] - The transaction is expected to be leverage neutral, while providing access to diverse financing sources at a more attractive cost of capital[9] Assets and Capacity - Core Scientific's assets include over $760 million in fixed assets and right-of-use assets, and over $770 million of cash and liquid digital assets[10] - Core Scientific has a current portfolio of 1.3GW of power capacity with over 1GW of potential expansion gross power available[10] - Core Scientific has approximately 500MW of mining data center gross power capacity, which can be optionally converted to HPC[11] Strategic Benefits - The acquisition will give CoreWeave direct control over approximately 1.3GW+ of gross power, with the majority already under CoreWeave contract[18] - CoreWeave can unlock approximately $5B of committed capex for more efficient financing[25] - CoreWeave will gain greater control over a critical power footprint and optionality for future power capacity[15]

JUST IN: @CoreWeave has agreed to buy crypto-mining data center operator @Core_Scientific for roughly $9 billion in an all-stock https://t.co/yRlVkfRfpc @FranciscoMemor.https://t.co/BEemBLPcc5 ...

Core Viewpoint - Hyperscale Data, Inc. is advancing its strategy in decentralized technologies by launching a validator node on the Solana blockchain through its subsidiary Ault Markets, aiming to enhance its blockchain infrastructure services and support the Solana ecosystem [1][2]. Group 1: Company Strategy - Ault Markets' entry into Solana validation is a significant milestone in Hyperscale Data's vision to integrate real-time blockchain operations across its portfolio, which includes AI, digital assets, and financial technology platforms [2]. - The launch of the Solana validator is part of a broader mission to build next-generation blockchain infrastructure and asset management, allowing direct support for the Solana ecosystem and expanding involvement in decentralized finance [2]. - Ault Markets plans to extend its validation services to additional blockchain protocols over time, focusing on creating a compliant, scalable, and diversified platform for various blockchain ecosystems [2]. Group 2: Validator Node Details - The validator node is expected to play a crucial role in Ault Markets' multi-chain infrastructure strategy, which aims to support a wide array of blockchain ecosystems [2]. - The validator will enable participation in transaction validation and block production, with a delegation and reward model that supports delegated staking and offers rewards through a fair distribution structure [6]. - Ault Markets is preparing an application for the Solana Foundation Delegation Program to become a key infrastructure partner within the Solana ecosystem [6]. Group 3: Company Operations and Divestiture - Hyperscale Data operates a data center through its subsidiary Sentinum, which mines digital assets and provides colocation and hosting services for AI ecosystems and other industries [4]. - The company plans to divest Ault Capital Group, Inc. by December 31, 2025, after which it will focus solely on data center operations to support high-performance computing services [5]. - Until the divestiture, the company will continue to provide mission-critical products across various industries, including AI software, social gaming, and private credit [5].

H20 禁令未显著影响国内数据中心上架率，主要 IDC 企业如世纪互联上 调全年业绩指引，内蒙古乌兰察布数据中心上架率超预期，万国等企业 情况类似，表明市场对国内算力需求依然稳健。 国内光模块和交换机产业景气度高，光迅、华工二季度收入预计创新高， 同比显著增长。锐捷、共进、紫光新华三等交换机头部企业数据中心交 换机收入已达去年全年水平，显示产业链强劲增长势头。 海外 AI 投资重心从训练转向推理和应用，Google TOKEN 消耗量激增， 英伟达、Corewave 业绩显示训练需求高增，博通、Marvell、Oracle OCI 业绩表明 ASIC 和推理需求旺盛，预示国内 AIDC 将受益于全球 AI 发展红利。 世纪互联与润泽数据中心 Reits 发售火爆，认购倍数分别达 167 倍，定 价高于预期，股息率约 5%，EV/EBITDA 为 16-17 倍，高于世纪互联 港股、美股价格，凸显数据中心作为 AI 时代优质资产的投资价值。 数据中心上架率稳步提升，价格拐点预计将出现。地方政府对土地和能 耗指标审批趋谨慎，数据中心厂家倾向于有订单再建设，大厂对 AI 资本 开支态度积极，预示数据中心价格拐点可期 ...

China Data Centers Deleveraging and improved order visibility to support share price performance; Buy GDS/VNET 4 July 2025 | 8:20AM HKT We maintain our constructive view on the China data center sector, and reiterate our Buy ratings on GDS/VNET with our 12m target prices at US$37/HK$36 for GDS/9698.HK (20%/20% upside) and US$12 for VNET (69% upside), respectively. Share prices of GDS/VNET underperformed the market for three consecutive months from Mar to May amidst dilutive convertible note/equity financing ...