Core Scientific Board Urges Shareholders to Support CoreWeave Deal

Foresight News reported, according to Reuters, that the board of directors of Core Scientific (stock code: CORZ.O) is urging shareholders to vote in favor of the company's proposed sale to a certain exchange (stock code: CRWV.O), as the deal is expected to bring multiple benefits. Previously, the exchange announced in July its intention to acquire Core Scientific through an all-stock transaction, with the deal valued at approximately $9 billion, equivalent to $20.40 per share. However, the proposal was opposed by Core Scientific's largest shareholder, the crypto miner Two Seas Capital.