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CoreWeave CEO says Core Scientific 'not a need to have' as shareholder opposition to deal rises

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CoreWeave CEO Michael Intrator told CNBC Tuesday that the firm's proposed acquisition of Core Scientific would be a "nice to have" rather than a necessity as shareholders prepare to potentially block the deal. In July, AI cloud provider Coreweave proposed an all-stock deal valued at around $9 billion to buy the Bitcoin miner and data center firm, Core Scientific. Immediately after the news, Core Scientific's stock price fell, plummeting nearly 18%. The deal has received criticism with key proxy

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CoreWeave CEO says Core Scientific 'not a need to have' as shareholder opposition to deal rises https://www.cnbc.com - 21.10.2025 11:10
ISS recommends investors reject CoreWeave deal for Core Scientific https://www.channelnewsasia.com/ - 21.10.2025 03:08
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