Sentiment Trading

Core Scientific Inc. is facing a proxy battle after two leading proxy advisory firms recommended that shareholders vote against a $9 billion all-stock acquisition offer from CoreWeave, citing concerns over valuation and deal structure.

CoreWeave has finalized a $9 billion all-stock acquisition of Core Scientific, expanding its data center capacity and positioning it as a leading provider of AI infrastructure.

CoreWeave has announced a definitive agreement to acquire Core Scientific, a leading data center infrastructure provider, in a strategic move to enhance its data center footprint and future-proof revenue growth.

Core Scientific Inc. navigates the challenges and opportunities of the blockchain and AI sectors, including a potential boost from Meta’s AI-related energy deal, but also faces risks from patent litigation and corporate bitcoin holdings.