Thursday, 30 October, 2025
Core Scientific Scraps $9 Billion CoreWeave Merger
Crypto miner Core Scientific has terminated its $9 billion all-stock merger agreement with the Nvidia-backed cloud provider, CoreWeave, after the proposal was rejected by Core Scientific shareholders. The deal, announced in July, aimed to secure data center capacity for CoreWeave. Following the announcement, Core Scientific shares saw an initial drop of 3.4% in early trading.
Read full story at Economic Times