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Joele Frank handles Core Scientific as the data center infrastructure company gets acquired by CoreWeave in a stock deal valued in the $9B range.
Core Scientific, which emerged from Chapter 11 in 2024, operates 10 digital asset mining facilities in Georgia, Kentucky, North Carolina, North Dakota, Oklahoma and Texas that support AI-related workloads.
“Verticalizing the ownership of Core Scientific’s high-performance data center infrastructure enables CoreWeave to significantly enhance operating efficiency and de-risk our future expansion, solidifying our growth trajectory,” according to CoreWeave CEO & co-founder Michael Intrator.
CoreWeave, which went public in March at $40 per share, now trades at $161.74.
Adam Sullivan, CEO of Core Scientific, said the deal delivers the “greatest value for our shareholders, who will be able to participate in the tremendous upside potential of the combined company.” Those shareholders will own less than 10 percent of the combined company.
Joele Frank, Wilkinson Brimmer Katcher partners Joseph Sala and Mahmoud Siddig represent Core Scientific.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
