Core Scientific, Inc. (CORZ) plummeted by 30.5% after news of its $9 billion acquisition by CoreWeave Inc. (CRWV). Shareholders will receive 0.1235 shares of CoreWeave for each Core Scientific share. The merger aims to enhance CoreWeave’s data center footprint and future revenue growth. CoreWeave will control 1.3 GW of power through the acquisition.

Read more at Yahoo Finance: Core Scientific (CORZ) Nosedives 30% After $9-Billion CoreWeave Merger Announcement