Core Scientific Rises as Bitcoin Booms and CoreWeave Deal Fails, Focus Shifts to AI Data Centers
Core Scientific’s stock found itself in focus after the dramatic breakdown of a planned merger. On Oct. 30 shareholders rejected CoreWeave’s $9 billion all-stock bid Reuters Datacenterdynamics. Core Scientific said in a press release that it “did not receive the requisite number of votes” and therefore terminated the merger agreement, effective immediately Businesswire. The result came after weeks of proxy battles:…