Core Scientific's third-largest shareholder opposes being acquired by CoreWeave
2025-08-07 22:40:47
Two Seas Capital (6.3%), the third-largest shareholder in bitcoin miner Core Scientific (CORZ), has spoken out against an all-stock bid by AI Cloud as a Service provider CoreWeave (CRWV), saying the deal structure is flawed, undervalued and heavily skewed toward the acquirer, posing undue risk to shareholders. Two Seas said that while supporting the strategic merger direction, the current terms do not reflect Core Scientific's value in the high-performance computing infrastructure space, calling on the board to seek a higher offer and plans to join other shareholders to block the deal.
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