02:48 PM EDT, 08/07/2025 (MT Newswires) -- Core Scientific's ( CORZ ) largest active shareholder, Two Seas Capital, said in a letter to fellow shareholders Thursday that it plans to vote against the company's proposed sale to CoreWeave ( CRWV ) , unless the deal terms are revised.

CoreWeave ( CRWV ) said on July 7 it was acquiring the bitcoin-mining firm in an all-stock deal valuing Core Scientific ( CORZ ) at about $9 billion.

The shareholder said the proposed agreement "materially undervalues" Core Scientific ( CORZ ), exposes stockholders to "substantial economic risk," and "unfairly favors CoreWeave ( CRWV )."

CoreWeave ( CRWV ) and Core Scientific ( CORZ ) did not immediately reply to requests for comment from MT Newswires.

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