Core Scientific, Inc. (CORZ): $12.51
Market cap: $3.80B
Deal Size: $9B
The past week saw increased activity in the M&A space with eight new deals announced, five of which crossed the billion-dollar mark. There was also excitement in the potential deals arena, as two deals saw rumors emerge just hours before official announcements, giving the market a heads-up. Today, we’re discussing one such rumor from the last week of June that materialized into a deal last week.
CoreWeave (CRWV), which went public in April, entered a merger agreement on July 7, 2025, to acquire crypto and AI focused data centers company Core Scientific in an all-stock deal valued at $9 billion.