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Core Scientific's Future Hangs in the Balance as Major Shareholder Rejects CoreWeave Acquisition

Core Scientific's Future Hangs in the Balance as Major Shareholder Rejects CoreWeave Acquisition

BUSINESS - 10/18/2025

A major shareholder in Core Scientific is set to reject the proposed $5 billion acquisition by rival CoreWeave, raising doubts about one of 2023's largest data center mergers. Trip Miller of Gullane Capital argues the deal undervalues Core Scientific, while CoreWeave defends it as a strategic move. The upcoming vote on October 30 could reshape the future of both companies amidst growing investor concerns.

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