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CoreWeave Stock Falls Over 3% On Plans to Acquire Core Scientific

Aditya Raghunath
Aditya Raghunath4 minute read
Reviewed by: Thomas Richmond
Last updated Jul 8, 2025
CoreWeave Stock Falls Over 3% On Plans to Acquire Core Scientific

@pichet_w from Getty Images via Canva

Key Stats for CoreWeave Stock

  • Price Change for CoreWeave stock: -3%
  • Current Share Price: $160
  • 52-Week High: $187
  • CRWV Stock Price Target: $85

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What Happened?

CoreWeave (CRWV) stock fell over 3% on Monday following the company’s announcement of a definitive agreement to acquire Core Scientific in an all-stock transaction valued at approximately $9.0 billion.

Under the deal terms, Core Scientific stockholders will receive 0.1235 newly issued CoreWeave shares for each Core Scientific share, a 66% premium to Core Scientific’s unaffected closing price of $12.30 on June 25.

CoreWeave Stock Price Performance (TIKR)

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The acquisition expands CoreWeave’s data center footprint, adding approximately 1.3 GW of gross power across Core Scientific’s national infrastructure with an additional 1 GW+ of potential expansion capacity.

This vertical integration strategy comes as demand for AI and high-performance computing workloads continues to accelerate following CoreWeave’s successful IPO in March 2025.

What the Market Is Telling Us About CRWV Stock

The market reaction to CRWV stock does not reflect investor confidence in CoreWeave’s strategic positioning as the “AI Hyperscaler.”

However, by acquiring Core Scientific’s data center infrastructure, CoreWeave gains direct control over critical power capacity that has become increasingly scarce and expensive in the AI boom.

The deal eliminates over $10 billion in cumulative future lease overhead and is expected to generate annual cost savings of more than $500 million by 2027.

CoreWeave CEO Michael Intrator emphasized that “verticalizing the ownership of Core Scientific’s high-performance data center infrastructure enables CoreWeave to significantly enhance operating efficiency and de-risk our future expansion.”

With the transaction expected to be leverage-neutral while unlocking access to more efficient financing structures, CoreWeave positions itself to better compete with hyperscale cloud providers in the rapidly growing AI infrastructure market.

The acquisition also provides strategic optionality, including the potential to repurpose Core Scientific’s ~500MW of crypto mining capacity for HPC usage or divest it entirely.

With the deal expected to close in Q4, CoreWeave appears well-positioned to capitalize on the AI infrastructure buildout while maintaining operational flexibility and cost advantages.

See analysts’ growth forecasts and price targets for CoreWeave (It’s free!) >>>

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!

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