Coreweave, Inc. · NASDAQ:CRWV
Coreweave — Merger or Acquisition (July 2025)
8 slides from Coreweave's merger presentation, Jul 7, 2025
Slide 1: CoreWeave Acquisition of Core Scientific
CoreWeave Acquisition of Core Scientific July 2025 1
Slide 2: Safe Harbor
Safe Harbor Important Information about the Transaction and Where to Find It In connection with the proposed transaction between CoreWeave, Inc. (“CoreWeave”) and Core Scientific, Inc. (“Core Scientific”), CoreWeave and Core Scientific will file relevant materials with the U.S. Securities and Exchan
Slide 3: Transaction Summary and Vision
Transaction Summary and Vision • All-stock transaction at a fixed exchange ratio of 0.1235 This acquisition accelerates our strategy Key Terms CoreWeave share per Core Scientific share to deploy AI and HPC workloads at scale. • Expected target ownership of less than 10% at close Verticalizing the ow
Slide 4: Core Scientific: A Leading Data Center Infrastructure Provider
Co re Scientif : A Leading Data Center Infrastructure Provider 1.3GW Current Portfolio (shown in map) 2GW+ Gross Power ~840MW ~500MW 1GW+ Includes ~1.3GW of existing capacity with an Existing HPC gross power supporting Mining data center gross power capacity, Potential expansion gross power availabl
Slide 5: Verticalizing Data Center Footprint Ownership to Help Future-Proof Revenue Growth
Verticalizing Data Center Footprint Ownership to Help Future- Proof Revenue Growth and Enhance Core Profitability Operational Efficiency Acquisition expects to generate significant cost savings through streamlining business operations and eliminating lease overhead Greater Financing Flexibility + Co
Slide 6: Acquisition Strengthens Our End-to-End AI Technology Stack
Acquisition Strengthens Our End-to-End AI Technology Stack Application Software SUNK Services ons Tensorizer i ut Inference Direct control over current portfolio Managed Software l y So Optimization Services of ~1.3GW+ of gross power oo rit Bare Metal & & Services (majority under CoreWeave contract)
Slide 7: Significant Margin Expansion Potential
Significant Margin Expansion Potential + Lease Overhead Elimination (Day 1 Realization) - Synergized Operating Expenses (Ongoing Realization) $500M+ Estimated Fully Ramped, Annual Run Rate Cost Savings by the End of 2027 7
Slide 8: Delivers Capacity Upside Optionality and Unlocks More Efficient Financing
Delivers Capacity Upside Optionality and Unlocks More Efficient Financing Continuing our track record of market leadership in strategic capacity planning and financing efficiency 1GW+ ~$5B Potential Gross Power Expansion Committed Capex Unlocked for More Efficient Financing o ~350MW of additional di