pull down to refresh
70 sats \ 0 replies \ @Bell_curve OP 8 Jul \ parent \ on: CoreWeave to acquire Core Scientific in $9 billion all-stock deal Stacker_Stocks
They want free rent by buying corz
edit:
"I think that, like many things that we do, it takes the market some time to internalize the value proposition that we are representing to the market and how it all fits together," CoreWeave CEO Mike Intrator told CNBC in an interview.
In a presentation to investors, CoreWeave said the move will eliminate $10 billion in future lease obligations and significantly enhance operating efficiency.
"We're not paying rent, right, for the next 15 years," Intrator said.
The transaction is expected to close in the fourth quarter of 2025, pending regulatory and shareholder approval.