Core Scientific's board asks shareholders to vote for CoreWeave deal-February 2024-www.financetom.com

Core Scientific's board asks shareholders to vote for CoreWeave deal

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Core Scientific's board asks shareholders to vote for CoreWeave deal

Oct 15, 2025 2:46 PM

Oct 15 (Reuters) - Core Scientific's ( CORZ ) board

urged its shareholders on Wednesday to vote for the company's

proposed sale to CoreWeave ( CRWV ).

CoreWeave ( CRWV ) announced its intention to buy Core Scientific ( CORZ ) in

an all-stock deal valued at about $9 billion in July. The

proposed deal faces opposition from the crypto miner's biggest

shareholder, Two Seas Capital.

Core Scientific's ( CORZ ) board has "unanimously determined"

that the deal represents the best alternative for all its

stockholders, it said in an investor presentation on Wednesday.

CoreWeave ( CRWV ) provides access to data centers and

Nvidia-powered AI chips to companies seeking to train large

language models.

Previous page： Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28 Next page： IMF warns Europe against prematurely declaring victory over inflation

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28

Oct 23, 2023

Companies are increasingly committing to their own timelines for reducing their emissions, but many acknowledge that their ability to slow planet-warming CO2 emissions is contingent on faster action from governments.

IMF warns Europe against prematurely declaring victory over inflation

Nov 8, 2023

The Washington-based IMF said that cost of underestimating inflation’s persistence could be painfully high and result in another painful round of rate hikes that could rob the economy of a large chunk of growth.

This bank will cut bonus if employees don't come back to work

Nov 22, 2023

ANZ managers have informed their respective teams about the new policy this week in generic emails, reaffirming the bank's expectation that staff devote at least half their working hours in the office each month, afr.com reported.

Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues

Oct 23, 2023

The airline, which was once considered the pride of Pakistan and was the first international airline to be given access to fly to Beijing, is said to be suffering millions in losses on a daily basis.