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Cloud and AI infrastructure firm CoreWeave (CRWV) has agreed to buy crypto-mining data center operator Core Scientific (CORZ) for roughly $9 billion in stock.

The agreement will swap each Core Scientific share for 0.1235 CoreWeave shares, valuing Core Scientific stock at $20.40, a 66% premium to its price late last month.

The transaction is expected to close by year’s end, pending regulatory and shareholder approvals.

CoreWeave said the move will eliminate more than $10 billion in future lease expenses over the next 12 years. It also gives the firm ownership of about 1.3 gigawatts of gross power capacity across Core Scientific’s data centers

CoreWeave shares have dropped 4% pre-market, whole Core Scientific shares are down around 14.7% to $15.48.

In March this year, Envida AI Technologies successfully completed its legal registration in the Republic of Cyprus — a key step in establishing the international legal structure of our platform.

On March 9, the company was officially entered into the Cyprus corporate registry and assigned the registration number HE472196.

This registration allows Envida to operate in full compliance with European corporate standards and opens the door to future licensing and international partnerships.

Envida AI Technologies has successfully completed a series of internal tests confirming the stability and performance of all core systems.🛠 The platform is operating smoothly, and all integrated technologies have passed key performance benchmarks with excellent results.

The testing covered major investment modules, automated profit distribution, data security protocols, and platform resilience under load. These outcomes demonstrate Envida’s readiness for scaling and further international expansion.

We continue to move forward — confidently, reliably, and powered by technology.✔️

The Envida team has completed the structural groundwork for the platform’s launch: legal templates, internal regulations, and the investment mechanism architecture have all been finalized.

A partner base has been formed, and initial consultations with potential regional representatives are underway.

Every step is aligned with our long-term strategy and international compliance standards.

We continue to improve the Envida interface — with a focus on simplicity, speed, and intuitive design.

Our goal is to create a platform where both beginners and experienced investors feel confident from the very first step.

The test navigation has already been approved by a focus group and is now being refined based on feedback.

A confident user = a reliable ecosystem.✔️

Asia stock markets declined on Monday after President Trump confirmed that significant tariffs will start on August 1, not July 9. Treasury Secretary Bessent mentioned tariffs would return to April 2 levels for non-agreement countries.

U.S. President Donald Trump announced Sunday that any country aligning with the "anti-American policies" of the BRICS bloc will face an additional 10% tariff. “There will be no exceptions to this policy. Thank you for your attention to this matter!”

Gold fell to around $3,310 per ounce on Monday, hitting a one-week low.