Blockchain
Core Scientific Shareholders Thwart CoreWeave Buyout Deal
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Bitcoin miner Core Scientific failed to win approval for a merger with AI infrastructure company CoreWeave during a shareholders meeting on Thursday.
The final results of the preliminary vote will be disclosed in a Securities and Exchange Commission (SEC) filing on Friday, according to Core Scientific’s announcement.
CoreWeave finalized the $9 billion acquisition in July, subject to shareholder approval, in which Core Scientific shareholders would receive 0.1235 shares of CoreWeave Class A common stock for each Core Scientific share they own.
Shares…
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