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CoreWeave-Core Scientific Deal Faces Shareholder Resistance Amid Valuation Concerns

CoreWeave-Core Scientific Deal Faces Shareholder Resistance Amid Valuation Concerns

Author:

Global Cryptocurrency

Published:

2025-10-21 19:48:02

17

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BTCCSquare news:

Institutional Shareholder Services (ISS) has advised Core Scientific shareholders to reject CoreWeave's $9 billion acquisition offer, citing undervaluation. The proxy advisor's critique sent Core Scientific shares higher while CoreWeave's declined, reflecting market skepticism about the deal's terms.

The proposed all-stock transaction, announced in July, now appears less attractive as AI-related stocks have surged. CoreWeave, backed by Nvidia, seeks to expand its AI cloud capabilities through the acquisition of the Bitcoin miner turned data center operator. Shareholders will vote on October 30.

A rejection could signal broader market expectations for premium valuations in AI infrastructure deals. CoreWeave executives maintain their offer remains competitive despite the shifting landscape.

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