CoreWeave Faces a Battle for the Acquisition of Core Scientific

Volatile stock movements are currently jeopardizing the deal, but both companies would benefit the most if they reach an agreement. In July, CoreWeave agreed to an all-stock deal with its infrastructure partner Core Scientific, which was valued at $9 billion at that time. It seemed like a clever way for the AI cloud company to use its highly valued stock to own more computing infrastructure without taking on excessive debt, which would be risky for a company that has already heavily leveraged. However, the purely stock structure of the deal...