CoreWeave's acquisition of Core Scientific – Perfect vertical integration in the AI boom with an NVIDIA touch in the background!
With the acquisition of Core Scientific, CoreWeave achieves perfect vertical integration and secures data center capacities for its explosive AI expansion!
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In my assessment, this is a strategically brilliant move by CoreWeave , perfectly rounding off the growth story of the AI pure-play. Following the spectacular revenue jump from $16 million (2022) to $1.9 billion (2024) and a share price increase of 299% since the IPO in March, CoreWeave urgently needs additional capacity for new large customers like Google and OpenAI . The potential acquisition of Core Scientific would be a classic vertical integration – CoreWeave has already been renting data center capacities from Core Scientific for a year...
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