Core Scientific's board urges shareholders to vote in favor of CoreWeave's acquisition deal
Jinse Finance reported that the board of directors of cryptocurrency mining company Core Scientific (CORZ.O) is urging shareholders to vote in favor of the company’s proposed deal to sell to AI infrastructure company CoreWeave (CRWV.O), believing the transaction will bring multiple benefits to the company. In July, CoreWeave announced plans to acquire Core Scientific in an all-stock deal valued at approximately $9 billion, with a valuation of $20.40 per share. However, the deal has been opposed by Core Scientific’s largest shareholder, Two Seas Capital, which holds about 6.3% of the shares and claims the transaction “seriously undervalues” the cryptocurrency mining company. In an investor presentation on Wednesday, Core Scientific’s board stated it had “unanimously determined” that the deal represents the best option for all shareholders. The board said the merged company would benefit from multiple potential cost savings and synergies, while also reducing Core Scientific’s growth risks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Whale Alert: 10,301,346 USDT held by a certain address has been frozen
Fed's Barr Calls for Strengthened Stablecoin Regulation to Prevent Systemic Risks
US-listed company DFDV increases its holdings by 86,307 SOL, bringing its total holdings to 2,195,926 SOL.
Trending news
MoreCrypto prices
More








