10:57 AM EDT, 10/13/2025 (MT Newswires) -- Core Scientific ( CORZ ) shareholder Two Seas Capital said Monday the alternatives to the company's proposed sale to CoreWeave ( CRWV ) are "far superior" as it urged other investors to review its presentation on the proposed deal.
Alternatives include increasing the exchange ratio to provide Core Scientific's ( CORZ ) shareholders with greater ownership of the pro forma company, Core Scientific ( CORZ ) remaining independent and continuing to grow, and a merger or acquisition of another similarly sized former bitcoin miner, according to Two Seas' presentation.
Two Seas said Core Scientific's ( CORZ ) peers have more than doubled in value in the three months since the deal's announcement, while the company traded down due to being "tethered to CoreWeave's ( CRWV ) underperforming stock."
Core Scientific ( CORZ ) and CoreWeave ( CRWV ) did not immediately reply to requests for comment from MT Newswires.
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