cryptobriefing.com
Key Takeaways
- Core Scientific shareholders voted against the merger with CoreWeave.
- Proxy advisors advised voting down the deal due to undervaluation concerns.
Core Scientific shareholders today rejected the proposed merger with CoreWeave, an AI-focused cloud computing provider, blocking the takeover deal between the Bitcoin mining and data center operator and the high-performance computing infrastructure company.
Proxy advisory firms had urged Core Scientific shareholders to vote against the CoreWeave merger, citing concerns over undervaluation of the company’s assets.
