CoreWeave Reiterates All-Stock $9B Takeover of Core Scientific, Calls Offer 'Best and Final'

Deal Summary

CoreWeave has reaffirmed its commitment to acquire AI miner Core Scientific in a previously agreed all-stock deal valued at about $9B, calling its offer "best and final" and urging shareholders to vote in favor at an October 30 meeting. The company defended the transaction against criticism from hedge fund Two Seas Capital, saying the merger mitigates execution and capital risks for Core Scientific.