Core Scientific Stock Gains 5% After $9B CoreWeave Merger Rejected

CN
coindesk
Follow
8 hours ago


Core Scientific (CORZ) shareholders have rejected a proposed $9 billion all-stock merger with CoreWeave (CRWV), halting one of the most anticipated deals in the AI data center sector.

CORZ is higher by 4.5% on the news, while CRWV added modestly to earlier losses, now down 5% for the session.


The quick vote followed recommendations from proxy advisers and as well as at least one sizable CORZ investor to oppose the transaction, which many investors said undervalued the company's long-term potential and offered no protection against CoreWeave’s volatile stock.

The vote prompted Core Scientific to formally terminate the merger agreement, ending CoreWeave’s plan to secure more data center capacity and reduce roughly $10 billion in future leasing costs.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink