Core Scientific's board asks shareholders to vote for CoreWeave deal

Core Scientific and CoreWeave Deal - Core Scientific's board is urging shareholders to vote in favor of the proposed sale to CoreWeave, highlighting expected benefits from the deal [1][2] - The all-stock deal is valued at approximately $9 billion, equating to $20.40 per share for Core Scientific [1] - The deal faces opposition from Two Seas Capital, which holds about 6.3% of Core Scientific and argues that the sale undervalues the company and poses economic risks to shareholders [2] Strategic Benefits - The merger is anticipated to yield cost savings and synergies, while also mitigating risks associated with Core Scientific's growth [3] - CoreWeave's access to data centers and Nvidia-powered AI chips is positioned to benefit companies involved in training large language models [3] - The energy-intensive sites and power contracts of Bitcoin miners are becoming attractive assets for AI companies looking to expand their computing infrastructure [3]