CoreWeave Offers $9B All-Stock to Acquire Core Scientific Amid Shareholder Pushback

Deal Summary

CoreWeave has made a $9 billion all-stock offer to acquire bitcoin miner Core Scientific; the CEO says he will not raise the bid while proxy advisor ISS and major investor Two Seas Capital urge shareholders to reject the deal ahead of an Oct. 30 vote. Markets show Core Scientific rallying and CoreWeave shares falling as opposition mounts.