Artificial intelligence hyperscaler CoreWeave said Monday it will acquire Core Scientific, a leading data center infrastructure provider, in an all-stock deal valued at approximately $9 billion.

CoreWeave, Inc. (NASDAQ:CRWV) is one of the 13 stocks recently discussed by Jim Cramer. Discussing the company’s recent acquisition decision, Cramer said: “This morning, we got some big news from CoreWeave,

Now, CoreWeave has helped another crypto mining operation fully pivot. On Monday, the company announced its plans to acquire Core Scientific, a publicly traded Bitcoin miner. The acquisition, which CoreWeave said is expected to close in the fourth quarter, was an all-stock deal for about $9 billion.