Coreweave is acquiring the data center infrastructure provider Core Scientific in a $9 billion all-stock transaction.

Earlier this month, CoreWeave became the first cloud provider to deploy a GB300 NVL72 system (pictured). It’s an AI appliance based on the Blackwell Ultra, Nvidia’s newest and most advanced graphics card. The chip can run some workloads 50% faster than the earlier Blackwell B200.

CoreWeave’s CEO said the acquisition will enhance the company’s performance and expertise as they "continue helping customers unleash AI’s full potential."