This article first appeared on GuruFocus.
CoreWeave (NASDAQ:CRWV) is beefing up its leadership bench, naming Jon Jones as its first-ever chief revenue officer and he’s bringing serious experience to the table. Jones has worn many hats, from startup founder to Amazon executive, where he most recently led the tech giant’s Global Startups and Venture Capital division. Before that, he served as VP of Go-to-Market, Products & Services.
Alongside the hire, CoreWeave also made it clear it’s not backing down from its $9 billion bid to acquire Core Scientific (NASDAQ:CORZ). In an open letter to Core Scientific shareholders, the company urged a yes vote on the proposed deal and reiterated that the terms remain unchanged, even after some investor pushback earlier this month.
Core Scientific will hold a special meeting on October 30, 2025, to decide on the merger a vote that could reshape both companies’ positions in the booming AI data infrastructure market. CoreWeave shares slipped 1.1% after hours to $140.12 following the announcement.