CoreWeave will acquire Core Scientific, the company announced Monday morning. 

The news comes after the two engaged in a lengthy battle last year that saw Core Scientific rejecting a bid from CoreWeave. 

The all-stock transaction, which will see Core Scientific shareholders receive 0.1235 shares of CoreWeave Class A common Stock, is expected to help the newly-public CoreWeave “verticalize its data center footprint to future-proof revenue growth and enhance profitability.” The deal is worth roughly $9 billion. 

“Together with CoreWeave, we will be well-positioned to accelerate the availability of world-class infrastructure for companies innovating with AI while…

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