The board of directors of Core Scientific has recommended that its shareholders vote in favor of the proposed acquisition by CoreWeave. The all-stock deal, initially announced in July, values the crypto miner at approximately $9 billion. This public endorsement from Core Scientific's board marks a significant step forward in the acquisition process, which has faced some opposition from Two Seas Capital, Core Scientific's largest shareholder. In other news reported on the same day, a Form 4 filing with the Securities and Exchange Commission revealed that 10% owners of CoreWeave sold $3.9 million worth of Class A Common Stock on October 13, 2025. No specific market reaction analysis to these announcements was available.
Core Scientific Board Urges Shareholder Approval of CoreWeave's $9 Billion Acquisition Proposal
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