CoreWeave Trading Volume Surges to 22nd Rank Amid Acquisition Talks with Core Scientific

On June 27, 2025, CoreWeave (CRWV) saw a trading volume of 28.04 billion, ranking 22nd in the day's stock market activity. The stock price of CoreWeave rose by 1.21%.

CoreWeave is in discussions to acquire Core Scientific, a move that follows the rejection of an earlier deal by the bitcoin miner. This potential acquisition has sparked significant interest in the market, as it could deepen the long-standing partnership between the two companies. The partnership, which includes billions of dollars in contracted commitments, has been pivotal in Core Scientific's turnaround story since it exited bankruptcy in January 2024. The company has aggressively pivoted into AI infrastructure, converting a significant portion of its mining capacity to host high-performance compute workloads. The 12-year partnership with CoreWeave is expected to generate $10.2 billion in revenue commitments, with 590 megawatts of infrastructure slated for delivery by early 2026. This shift mirrors a broader trend in the mining sector, where firms are racing to retrofit data centers for more lucrative AI clients. However, analysts caution that supporting AI workloads often requires entirely new builds, not just repurposed hardware.