pull down to refresh
JUST IN - Trump administration warns that U.S. blackouts could double by 2030 due to increased power demand driven by AI and coal plant closures.
reply
pull down to refresh
JUST IN - Trump administration warns that U.S. blackouts could double by 2030 due to increased power demand driven by AI and coal plant closures.
Shareholders of Core Scientific will receive 0.1235 CoreWeave shares for each share they hold. That implies a $20.40 per-share valuation and a 66% premium to Core Scientific's closing stock price before deal talks were reported.
After the deal closes, Core Scientific shareholders will own less than 10% of the combined company.
The two companies could have come together earlier. Last year Core Scientific said it had rejected CoreWeave's unsolicited offer to buy all outstanding shares.