CoreWeave's $6 Billion AI Bet Boosts Core Scientific Shares Ahead Of $9 Billion Merger Deal

Zinger Key PointsCore Scientific stock rose after CoreWeave revealed a $6B plan to build a major AI data center in Pennsylvania.CoreWeave’s new site adds 600 jobs and expands its U.S. AI data network amid a $9B merger deal with Core Scientific.PPI and Industrial Production drop Wednesday morning — see how Matt Maley is trading the reaction, live at 6 PM ET.Core ScientificCORZgained on Tuesday in solidarity withCoreWeaveCRWVafter the latter announcedplans to investup to $6 billion in building an AI data center in Lancaster, Pennsylvania.Initially sized at 100 megawatts and expandable to 300 MW, the facility will be one of the region’s first large-scale AI centers. CoreWeave’s broader U.S. network consists of 33 data centers.The company will unveil the project at a CEO roundtable withPresident Donald Trumpduring Senator Dave McCormick’s Energy and Innovation Summit at Carnegie Mellon University.Also Read:Why CoreWeave’s $9 Billion Deal Isn’t About ChipsCoreWeave CEOMichael Intratorsaid the data center will generate 600 skilled jobs and scale to 175 permanent roles.CoreWeave will operate the center in partnership with Chirisa Technology Parks and Machine Investment Group. Trump is reportedly looking to unveil amajor initiative onTuesday near Pittsburgh, Pennsylvania, detailing plans for approximately $70 billion in new investments in artificial intelligence and energy infrastructure.Core Scientific delivers blockchain infrastructure and hosts digital assets, helping cryptocurrency miners improve their efficiency and profits.Trending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100.Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get StartedCoreWeave provides specialized cloud computing services focusing on high-performance, GPU-accelerated infrastructure tailored for AI and machine learning. The company operates a cloud platform built to handle large-scale, compute-heavy workloads. It is widely recognized for its deep expertise in deployingNvidiaNVDAGPUs.CoreWeaveagreed to acquireCore Scientific in a definitive all-stock merger deal last week. The transaction values Core Scientific at $9 billion, or $20.40 per share.By acquiring Core Scientific’s high-performance data center infrastructure, CoreWeave will gain control of approximately 1.3 gigawatts of power capacity, with more than 1 GW available for future expansion.Price Actions:CoreWeave stock is up 4.42% at $14.17 last check on Tuesday. CRWV stock is up 8.13%.Loading...Loading...Read Next:Nebius Emerges As Neutral AI Cloud Alternative, Deepens Ties With Nvidia, OpenAI, Microsoft: AnalystImage: ShutterstockCORZCore Scientific Inc$14.134.24%Stock Score Locked: Edge Members OnlyBenzinga Rankings give you vital metrics on any stock – anytime.Unlock RankingsEdge RankingsMomentum66.69GrowthN/AQualityN/AValue17.82Price TrendShortMediumLongOverviewCRWVCoreWeave Inc$144.038.81%NVDANVIDIA Corp$171.324.42%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:GovernmentM&ANewsTechwhy it's moving