CoreWeave’s All-Stock Takeover Bid for Core Scientific Faces Shareholder Revolt: KBW Warns

Cloud upstart CoreWeave just fired a risky all-equity shot across the bow of Bitcoin miner Core Scientific—and Wall Street isn't buying it.

Why the deal reeks of desperation

KBW analysts spot blood in the water as shareholders brace for dilution. The all-stock structure screams 'we're overleveraged,' while Core Scientific's battered balance sheet makes this look like a Hail Mary pass with Monopoly money.

The crypto-mining M&A game gets weird

With mining margins thinner than a Satoshi, this smells like a last-ditch consolidation play. Either CoreWeave knows something about AI-driven mining synergies that nobody else does—or they're praying the SEC rubber-stamps this before anyone runs the numbers.

Welcome to the era of zombie miners trading equity like baseball cards. Somewhere, a hedge fund manager just ordered another yacht.