coreweave Archives

CoreWeave Acquires Core Scientific in $9 Billion Stock Deal, Expanding Data Center Capacity for AI Workloads

By Shubham on July 8, 2025 in AI, Capsules, Startups, Uncategorized

CoreWeave, a technology company, announced on Monday that it has signed a $9 billion all-stock deal to acquire Core Scientific, a data center infrastructure provider. This acquisition will provide CoreWeave with access to more than a gigawatt of data center capacity, equivalent to the energy needed to power over 850,000 homes. The additional capacity will enable CoreWeave to rent out data center space specifically designed for AI training and inference workloads. Notably, both CoreWeave and Core Scientific[…]

CoreWeave CEO’s Net Worth Skyrockets to $10 Billion in Just Three Months

By Divya Arora on June 27, 2025 in Startups, Uncategorized

CoreWeave co-founder and CEO Michael Intrator’s net worth has surged to approximately $10 billion in the three months since the AI firm went public, according to a Bloomberg report. Intrator’s company made its public debut with an initial public offering (IPO) that was both the largest tech IPO of 2025 so far, raising $1.5 billion, and somewhat disappointing, as founders had reportedly hoped to raise up to $4 billion. CoreWeave remains a significant player in the AI[…]

CoreWeave in Discussions to Acquire Core Scientific, Report Reveals

By Divya Arora on in Startups, Uncategorized

CoreWeave, a cloud services provider backed by Nvidia, is reportedly in talks to acquire Core Scientific, a bitcoin miner that had rejected an earlier deal from the cloud provider last year. Shares of Core Scientific rose about 8% following the report, giving the company a market value of nearly $4 billion. The move comes as crypto miners, which require vast amounts of electricity to operate, are being increasingly targeted by larger peers and AI technology companies seeking[…]

CoreWeave to Power Google’s Cloud Deal with OpenAI, Sources Say

By Divya Arora on June 13, 2025 in Capsules, Startups, Uncategorized

Cloud computing provider CoreWeave will supply computing capacity for a new multiyear agreement between Alphabet’s Google and OpenAI, according to three sources familiar with the matter. The deal positions CoreWeave as a key player in supporting OpenAI’s access to Google’s cloud infrastructure, marking a significant collaboration in the competitive AI computing landscape. Under the agreement, Google will provide OpenAI, the creator of ChatGPT, with cloud computing resources at a discounted rate compared to standard pricing, one source[…]