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.

Artificial intelligence hyperscaler CoreWeave said Monday it will acquire Core Scientific, a leading data center infrastructure provider. It is an all-stock deal valued at approximately $9 billion. The deal strengthens CoreWeave's position in the AI arms race by bringing critical infrastructure in-house.

CoreWeave (CRWV) is acquiring data center infrastructure provider Core Scientific (CORZ) in an all-stock deal.