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Core Scientific’s merger with CoreWeave fails as shareholders balk at price
Yahoo Finance·2025-10-30 22:41

Core Scientific’s (Nasdaq: CORZ) bid to merge with AI neocloud CoreWeave (Nasdaq: CRWV) was shot down Thursday by shareholders following a protracted social media campaign from investors. Once the largest Bitcoin miner by hashrate, Core Scientific’s board reached a deal with CoreWeave valuing the company at some $9 billion in June 2025. However, the deal was only provisional and had to be met with approval by Core Scientific shareholders in Q4 2025. Major stake holders Two Capital and Institutional Share ...