What CoreWeave’s $9B Core Scientific Deal Means for its Stock Price
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
After surviving Chapter 11 bankruptcy in late 2022, and emerging restructured in early 2024, Core Scientific (NASDAQ: CORZ) is at the end of the line. On Monday, AI data center provider CoreWeave (NASDAQ: CRWV) announced an all-stock acquisition of Core Scientific worth around $9 billion, which is based on CORZ price of $20.40 per share on July 3rd, 2025. After the deal is done, CORZ shareholders are expected to own less than 10% of CoreWeave combined. Expectedly, CORZ stock plummeted nearly 20% after market open, while CRWV shares took a minor 4% dip. The deal should…
