The board of cryptocurrency miner Core Scientific (CORZ. O) has urged shareholders to vote in favor of the company's proposed sale to AI infrastructure firm CoreWeave (CRWV. O), arguing that the deal will generate multiple benefits for the company.
CoreWeave announced plans in July to acquire Core Scientific in an all-stock deal valued at $20.40 per share for about $9 billion. However, the deal was opposed by Core Scientific's largest shareholder, Two Seas Capital, which holds about 6.3 percent of the shares, saying the deal "significantly undervalues" the cryptocurrency miner.
In its investor presentation on Wednesday, Core Scientific's board said it had "unanimously determined" that the transaction represented the best option for all shareholders. The combined company would benefit from a number of potential cost savings and synergy effects, while reducing growth risks for Core Scientific, the board said.
Crypto miner Core Scientific board urges shareholders to vote in favor of CoreWeave acquisition
2025-10-16 01:31:09
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
加密矿企 Core Scientific 董事会敦促股东投票支持 CoreWeave 的收购交易Next article：
沪金主力合约日内涨幅达2.00%，现报967.92元/克。
