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CoreWeave CEO calls Core Scientific a 'nice to have' amid rising opposition to the acqusition
Core ScientificCore Scientific(US:CORZ) Youtubeยท2025-10-21 08:15

Core Scientific Partnership - The company expressed disappointment with ISS's report regarding its longstanding partnership with Core Scientific, which dates back to 2018, emphasizing that it remains in the long-term interest of Core Scientific shareholders [1] Bid and Valuation - The company believes that its bid for Core Scientific represents a fair valuation of both companies in an all-stock deal, indicating that the transaction is not essential but rather a beneficial opportunity [2][3] Future Strategy - The company is not considering raising its offer for Core Scientific but acknowledges that the deal would have added value, suggesting a focus on other potential deals in the industry to enhance its portfolio [3][4] Acquisition Activity - The company has been active in acquiring other firms, such as Open Pipes and Weights and Biases, and is in an inquisitive mode to expand its functionality [5] Data Center Expansion - The company is actively expanding its portfolio in the physical data center space, including partnerships with Galaxy Digital and Applied Digital, positioning itself well for future growth [6]