CoreWeave and Core Scientific Deal: Stock prices see huge fall making shareholders lose big. Details here

CoreWeave and Core Scientific deal is finalized but stock prices of both companies witness huge fall. CoreWeave will acquire Core Scientific in a $9 billion all-stock transaction. The deal offers a 66% premium to Core Scientific shareholders and includes 1.3 GW of data center capacity. The merger aims to reduce $10 billion in lease expenses and support AI infrastructure expansion by CoreWeave.