Aug 5 (Reuters) - CoreWeave's ( CRWV ) proposed $9
billion acquisition of data centre landlord Core Scientific ( CORZ )
is facing potential revolt, as some top shareholders of
the target firm argue the deal may leave them short-changed, the
Financial Times reported.
Some major Core Scientific ( CORZ ) shareholders plan to vote against
the deal unless the terms are revised in the coming weeks, the
report said on Tuesday, citing people familiar with the matter.
Reuters could not immediately verify the report. CoreWeave ( CRWV )
and Core Scientific ( CORZ ) did not immediately respond to Reuters
request for a comment outside regular business hours.
The shareholder vote for Core Scientific ( CORZ ) has not yet been
scheduled but is expected to take place sometime this autumn,
the report said.
The all-stock deal, valued at about $9 billion and announced
last month, highlights the race among AI infrastructure firms to
secure the energy and data center capacity required to meet
surging demand.
CoreWeave ( CRWV ), which provides access to data centers and
Nvidia-powered AI chips, initially submitted an unsolicited,
non-binding takeover offer to Core Scientific ( CORZ ) in June 2024.
However, the company rejected the offer, citing that its
business was significantly undervalued.