Texas company shareholders reject $9B acquisition by Nvidia-backed AI firm

Shareholders of the Austin, Texas-based Bitcoin (BTC) mining company Core Scientific (Nasdaq: CORZ) have rejected a $9 billion merger deal with the AI cloud infrastructure company CoreWeave (Nasdaq: CRWV), the Bitcoin miner announced on Oct. 30. The company said it didn't receive the requisite number of shareholder votes to approve the proposed merger agreement. Related: Explained: What is sustainable Bitcoin mining? As reported earlier, Nvidia- (Nasdaq: NVDA) backed CoreWeave announced the $9 billion all ...