M&A Deal Summary

CoreWeave Acquires Core Scientific

On July 7, 2025, CoreWeave acquired software company Core Scientific for 9.0B USD

Acquisition Highlights
  • This is CoreWeave’s 1st transaction in the Software sector.
  • This is CoreWeave’s largest (disclosed) transaction.
  • This is CoreWeave’s 3rd transaction in the United States.
  • This is CoreWeave’s 1st transaction in Delaware.

M&A Deal Summary

Date 2025-07-07
Target Core Scientific
Sector Software
Buyer(s) CoreWeave
Deal Type Add-on Acquisition
Deal Value 9.0B USD
Advisor(s) Moelis & Co.
PJT Partners (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Core Scientific

Dover, Delaware, United States
Core Scientific is a large-scale operator of dedicated, purpose-built facilities for digital asset mining and a premier provider of blockchain infrastructure, software solutions, and services. Core Scientific was founded in 2017 and is based in Dover, Delaware.

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Buyer(S) 1

Buyer

CoreWeave

Livingston, New Jersey, United States

Category Company
Sector Information Technology
Employees880
Revenue 1.9B USD (2024)
DESCRIPTION

CoreWeave is a specialized cloud provider built for large-scale GPU-accelerated workloads. CoreWeave is based in Livingston, New Jersey.


DEAL STATS #
Overall 3 of 6
Sector: Software M&A 1 of 4
Type: Add-on Acquisition M&A Deals 3 of 6
State: Delaware M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2025 M&A 2 of 5
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-04 Weights & Biases

San Francisco, California, United States

Weights & Biases is an AI developer platform that develops GenAI applications with confidence, all in one system of record developers are excited to use. W&B Models is the MLOps solution used by foundation model builders and enterprises who are training, fine-tuning, and deploying models into production. W&B Weave is the LLMOps solution for software developers who want a lightweight but powerful toolset to help them track and evaluate LLM applications. Weights & Biases is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-03 OpenPipe

United States

OpenPipe is a platform for training AI agents with reinforcement learning (RL). The company enables customers to train and deploy agents that are more reliable, with lower latency and greater cost efficiency than traditional prompted models.

Buy -