Core Scientific will remain public after it failed to secure the votes necessary to approve the $9 billion all-stock merger. ...

Core Scientific and CoreWeave Acquisition - Core Scientific shareholders are expected to vote on CoreWeave's proposed all-stock acquisition, originally valued at $9 billion, but CoreWeave's stock has declined since the announcement [1][2] - Jefferies analyst Jonathan Petersen predicts that shareholders will reject the offer, as Core Scientific's stock is trading at an 18% premium to the implied offer [2] - Some large shareholders are opposing the deal, seeking a higher premium, but CoreWeave has stated it will not raise its offer [3] Stock Performance - CoreWeave's stock fell 3.3% to $135.25, while Core Scientific's stock dipped 1.7% to $20.42 in early trading [3] - CoreWeave's stock has advanced 140% in 2025, while Core Scientific's stock is up 43% [3] Future Prospects - If the acquisition fails, CoreWeave may renegotiate, but it still needs capacity for GPUs, and Core Scientific could seek new tenants for its remaining capacity [4] - Both companies are part of a growing trend of artificial intelligence "neoclouds" that build data centers for AI workloads [4] CoreWeave's Market Position - CoreWeave has a strong customer base, including OpenAI, Microsoft, and Meta Platforms, and operates 33 data centers in the U.S. and Europe [5] - The company has preferred access to Nvidia's graphic processing units, optimizing its cloud offerings for AI tasks [5] - Analysts express concerns about customer concentration and high debt despite the projected AI market opportunity [5] Technical Ratings - CoreWeave stock has a Composite Rating of 68 out of a best possible 99, indicating its strengths based on fundamental and technical metrics [6] - The stock holds an Accumulation/Distribution Rating of B-plus, reflecting price and volume changes over the past 13 weeks [7] - CoreWeave, originally a cryptocurrency miner, has transitioned into cloud computing services [7]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A high-stakes corporate clash is unfolding at the crossroads of Bitcoin mining and AI. When CoreWeave (NYSE:CRWV) unveiled its $9 billion all-stock bid for Bitcoin miner Core Scientific (NASDAQ:CORZ) in July, investors balked–sending the latter's shares down nearly 18%. Now, with shareholders set to vote on the deal Oct. 30, opposition is mounting from all corners. But CoreWeave CEO Michael Intrator isn’t ...

Core Viewpoint - CoreWeave, Inc. announced that the proposal for acquiring Core Scientific through an all-stock transaction did not receive the necessary approval from Core Scientific stockholders [1] Company Summary - The Special Meeting of Stockholders for Core Scientific was held to consider the merger proposal with CoreWeave [1] - The proposal was based on an Agreement and Plan of Merger between CoreWeave and Core Scientific [1]

Core Viewpoint - Core Scientific's proposed merger with AI neocloud CoreWeave was rejected by shareholders after a social media campaign against the deal [1][2] Group 1: Merger Details - The merger was valued at approximately $9 billion and was initially agreed upon in June 2025, but required shareholder approval in Q4 2025 [1] - The merger deal was only provisional and faced significant opposition from major stakeholders [2] Group 2: Shareholder Actions - Two Capital and Institutional Shareholders Services (ISS) actively campaigned for a "No" vote, citing unfavorable economics of the merger [2] - AI-focused hedge fund Situational Awareness acquired Core Scientific shares, likely to benefit from the merger's failure [2] Group 3: Voting Outcome - The special meeting held on October 30, 2025, resulted in shareholders not approving the merger, as the necessary votes were not obtained [3] - Following the announcement, Core Scientific's share price declined by 3% [3]

Core Viewpoint - Core Scientific, Inc. is a leader in digital infrastructure for high-density colocation services and digital asset mining, indicating its significant role in the industry [1] Company Information - The company will host a conference call and live audio webcast with investors today at 11:30 A.M. Eastern Time, showcasing its commitment to transparency and communication with stakeholders [1] - Key executives participating in the call include Adam Sullivan (CEO), Matt Brown (COO), Jim Nygaard (CFO), and Jon Charbonneau (VP of Investor Relations), highlighting the involvement of top management in investor relations [1]

Crypto miner Core Scientific on Thursday ended its merger agreement with Nvidia-backed CoreWeave. ...

(Reuters) -Crypto miner Core Scientific (CORZ) on Thursday ended a deal for its sale to CoreWeave (CRWV) after shareholders voted against the proposal, marking the culmination of months-long investor and proxy campaigns against the agreement. The move marks the second foiled attempt by CoreWeave to scoop up Core Scientific, with the crypto miner also rejecting a June 2024 all-cash buyout offer. CoreWeave had struck an all-stock deal worth $9 billion to buy Core Scientific in July, as part of its push to ...

Core Viewpoint - Core Scientific, Inc. did not receive the necessary votes to approve the merger agreement with CoreWeave, Inc. during a special meeting of stockholders [1] Company Summary - Core Scientific is a leader in digital infrastructure for high-density colocation services and digital asset mining [1] - The merger agreement with CoreWeave was previously announced and was expected to proceed [1] - The date mentioned for the merger agreement is October 30, 2025 [1]

Oct 30, 2025 10:15 AM Eastern Daylight Time Core Scientific Announces Preliminary Results of Special Meeting of Stockholders The final voting results from the Special Meeting will be reported in a Form 8-K filed by Core Scientific with the U.S. Securities and Exchange Commission. Share AUSTIN, Texas--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific†or the "Company†), a leader in digital infrastructure for high-density colocation services and digital asset mining, today announced tha ...