Coreweave is acquiring the data center infrastructure provider Core Scientific in a $9 billion all-stock transaction.

Key Takeaways CoreWeave said it will acquire Core Scientific in a $9 billion all-stock deal, sending the AI hotshot's stock lower.For CoreWeave, the transaction brings Core Scientific’s data center operations into the fold.

Tie-up brings together former bitcoin miners that have pivoted to satisfying demand for high-performance computing