CoreWeave (CRWV) shares closed in the red on Monday after the AI cloud-computing startup confirmed plans of buying Core Scientific (CORZ) for about $9 billion. The CORZ acquisition is expected to close in the final quarter of 2025 – provided it secures the required regulatory and shareholder approvals over the next few months.

CoreWeave (NASDAQ:CRWV) saw its rating cut at several brokerage firms after the company announced on Monday that it was acquiring Core Scientific (NASDAQ:CORZ) in an all-stock deal implying a total equity value of about $9B.

Deal valued at $20.40/share marks second acquisition attempt; KBW sees limited upside for Core Scientific shareholders.