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]

Core Acquisition Overview - CoreWeave has made a $9 billion all-stock bid for Core Scientific, which has led to a nearly 18% drop in Core Scientific's shares following the announcement [1] - The shareholder vote on the acquisition is scheduled for October 30, with increasing opposition from various stakeholders [2] CoreWeave's Position - CoreWeave CEO Michael Intrator has stated that the acquisition is viewed as optional, emphasizing that the price will not increase despite shareholder pushback [2][3] - Intrator described Core Scientific as "a nice to have, not a need to have," indicating CoreWeave's willingness to abandon the deal if rejected by shareholders [3][5] Shareholder Opposition - Institutional Shareholder Services and Glass Lewis have both recommended that Core Scientific shareholders reject the acquisition, citing concerns over the offer's value [5] - Two Seas Capital, a significant investor in Core Scientific, has also urged a vote against the acquisition, labeling it "underwhelming" based on the company's recent trading performance [5] Strategic Considerations - CoreWeave has countered criticisms from shareholder advisory firms, arguing that their focus on short-term stock performance overlooks the strategic risks Core Scientific may face if it remains independent [4]

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]

Core Point - Crypto miner Core Scientific has terminated its merger agreement with Nvidia-backed CoreWeave [1] Company Summary - Core Scientific was in a merger agreement with CoreWeave, which is backed by Nvidia, but has now ended this agreement [1]

Group 1 - Core Scientific ended its sale deal to CoreWeave after shareholders voted against the proposal, marking the second failed attempt by CoreWeave to acquire Core Scientific [1][2] - CoreWeave had proposed an all-stock deal valued at $9 billion to acquire Core Scientific, aiming to secure energy and data center capacity amid rising demand [2] - Two Seas Capital, the largest active shareholder of Core Scientific, opposed the deal due to concerns regarding the sale process, deal structure, and valuation [2][3] Group 2 - The fixed exchange ratio in the proposed deal left Core Scientific shareholders exposed to fluctuations in CoreWeave's share price [3] - Core Scientific's board had recommended shareholders vote in favor of the sale, citing potential cost savings and synergies from the merger [3] - Proxy advisory firm Institutional Shareholder Services advised against the deal, suggesting Core Scientific should remain independent due to its success as a standalone entity [3] Group 3 - Following the vote, Core Scientific shares increased in early trading, while CoreWeave's shares fell nearly 5% [4]

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]

Core Points - Core Scientific did not receive enough votes to approve the merger agreement with CoreWeave, Inc. during a special meeting of stockholders [1] - The final voting results will be reported in a Form 8-K filed with the U.S. Securities and Exchange Commission [2] Company Overview - Core Scientific is a leader in digital infrastructure for high-density colocation services and digital asset mining, operating dedicated facilities across multiple states [3] - The company primarily earns revenue from digital asset mining but plans to increase revenue from high-density colocation services [3] - Core Scientific is in the process of converting existing facilities to support artificial intelligence-related workloads and next-generation colocation services [3]

智通财经APP获悉，根据市场交易信号显示，CoreWeave(CRWV.US)与数据中心供应商Core Scientific(CORZ.US)之间拟议的 90 亿美元合并交易在周四的关键股东投票前愈发面临不确定性。自 7 月宣布这项人工智能交易以来，所谓的交易价差一直呈负值状态，持续数月之久。CoreWeave 公司的全 股票收购报价的交易价格远低于 Core Scientific 公司的市场价。截至发稿，价差约为 3.70 美元，即 -17%。目标公司的股票价格则徘徊在与收购报价价值的最大溢价附近。 该价格走势表明市场对这笔交易能否顺利进行持怀疑态度，因为近几个月来，有关该交易结构和估值的 批评之声日益高涨。事件驱动型交易专家Cabot Henderson说道："大多数套利交易员都认为该交易已无 继续发展的可能了。" 最近几周，主要持股方Two Seas Capital称此次收购出价过低，并呼吁其他股东投反对票，而大型代理投 票顾问机构"ISS"也表达了同样的反对意见。 CoreWeave 为诸如 OpenAI 和微软(MSFT.US)等企业提供人工智能计算能力。该公司已拒绝了有关改善 其条款的提议，并表示 ...