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Core Scientific's board asks shareholders to vote for CoreWeave deal
Yahoo Finance·2025-10-16 05:09

(Reuters) -Core Scientific's board urged its shareholders on Wednesday to vote for the crypto miner's proposed sale to CoreWeave as the company expects a number of benefits from the deal. CoreWeave announced its intention to buy Core Scientific in an all-stock deal valued at about 9billioninJuly,valuingitat9 billion in July, valuing it at 20.40 per share. However, the proposed deal faces opposition from Two Seas Capital, the crypto miner's biggest shareholder. Two Seas Capital, which owns roughly 6.3% of Core Scientific, said i ...