COREWEAVE ACQUIRES DATA CENTER PROVIDER CORE SCIENTIFIC IN $9B STOCK DEAL

Summary from the TLDR Founders newsletter

CoreWeave acquired Core Scientific in a $9 billion stock deal, gaining over a gigawatt of data center capacity for AI workloads. Core Scientific's GPUs will shift from Bitcoin mining to running generative AI models. Cloud infrastructure providers are rapidly expanding data centers to meet AI demands, as shown by OpenAI's recent 4.5-gigawatt capacity deal with Oracle.