In brief
Two Seas Capital, Core Scientific’s largest active shareholder with a 6.3% stake, is opposing a $9 billion all-stock sale to CoreWeave.
The hedge fund says the uncollared structure leaves investors…
CoreWeave’s (CRWV) All-Stock Bid for Core Scientific (CORZ) Likely to Draw Shareholder Scrutiny: KBW
CoreWeave (CRWV) has agreed to acquire bitcoin miner Core Scientific (CORZ) in an all-stock deal valued at $20.40 per share, implying a ~16x FY26E EBITDA multiple, a steep discount to…
CoreWeave’s pending acquisition of Core Scientific reflects the ongoing race to meet the growing demand for high-performance computing (HPC) infrastructure as AI needs evolve.A year after Core Scientific (CORZ) rejected…