Core Scientific Shareholders Vote Against $9B CoreWeave Merger

A planned merger between Bitcoin mining firm Core Scientific and artificial intelligence and cloud data center CoreWeave has been called off after a stockholder vote held on Oct. 30. According to the initial terms reported back in July, CoreWeave was slated to purchase Core Scientific in an all-stock deal for $20.40 per share at a total valuation of approximately $9 billion. Stockholders Reject Merger Deal According to the US Securities and Exchange Commission (SEC), CoreWeave did not receive the requis ...