Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Core Scientific's board urges shareholders to vote in favor of CoreWeave's acquisition deal

Core Scientific's board urges shareholders to vote in favor of CoreWeave's acquisition deal

金色财经金色财经2025/10/16 01:59
Show original

Jinse Finance reported that the board of directors of cryptocurrency mining company Core Scientific (CORZ.O) is urging shareholders to vote in favor of the company’s proposed deal to sell to AI infrastructure company CoreWeave (CRWV.O), believing the transaction will bring multiple benefits to the company. In July, CoreWeave announced plans to acquire Core Scientific in an all-stock deal valued at approximately $9 billion, with a valuation of $20.40 per share. However, the deal has been opposed by Core Scientific’s largest shareholder, Two Seas Capital, which holds about 6.3% of the shares and claims the transaction “seriously undervalues” the cryptocurrency mining company. In an investor presentation on Wednesday, Core Scientific’s board stated it had “unanimously determined” that the deal represents the best option for all shareholders. The board said the merged company would benefit from multiple potential cost savings and synergies, while also reducing Core Scientific’s growth risks.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Global economy risks fragmentation! Australia bets on AI as a new growth engine

In a potentially more fragmented and unpredictable global economy over the next 40 years, Australia relies on the deployment and development of artificial intelligence (AI) to drive economic growth.

智通财经2026/09/21 04:01

Europe’s aviation fuel “red alert” in the fourth quarter: Shortfall will reach 510,000 barrels/day, South Korea’s exports surge to a four-year high to urgently fill the gap

According to analysts and shipping data, Europe will face a supply gap for aviation fuel in the fourth quarter, even as it turns to distant suppliers such as South Korea. South Korea's aviation fuel exports to Europe in September are set to reach a four-year high.

智通财经2026/09/21 03:56