06:00 AM EDT, 08/05/2025 (MT Newswires) -- CoreWeave's ( CRWV ) $9 billion acquisition of data center owner Core Scientific ( CORZ ) faces possible opposition, with several major shareholders of Core Scientific ( CORZ ) planning to vote against the deal unless terms are improved, Financial Times reported Tuesday quoting people familiar with the development.

Core Scientific ( CORZ ) shareholders have expressed scepticism over receiving a fixed exchange ratio of 0.1235 newly issued CoreWeave ( CRWV ) shares, with no safeguards in place if CoreWeave's ( CRWV ) stock price declines in the coming months, the report said.

Since the merger announcement, CoreWeave's ( CRWV ) stock has dropped by more than 30 percent, causing Core Scientific's ( CORZ ) takeover valuation to fall from roughly $20.25 per share to just above $13 per share, reducing the value for its shareholders, it highlighted.

Hedge fund shareholders in Core Scientific ( CORZ ) are currently considering voting against the merger, aiming to pressure CoreWeave ( CRWV ) into providing more favorable terms, Financial Times added.

The report, quoting regulatory filings said the hedge funds owning over 1 percent of Core Scientific's ( CORZ ) stock include Two Seas Capital, Helix Partners Management, JAT Capital, and Parsifal Capital Management.

CoreWeave ( CRWV ) and Core Scientific ( CORZ ) didn't immediately reply to MT Newswires' request for comment.

CoreWeave ( CRWV ) shares were up 1.7% in recent premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)