Shareholders have raised opposition to CoreWeave's acquisition of Core Scientific saying the price is too low.
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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%.
Core Scientific shares jumped 33% after a report that CoreWeave is in talks to acquire the bitcoin miner.
CNBC's Jim Cramer noted data center delays at sites in Texas, Oklahoma and North Carolina tied to Core Scientific.
Whether the acquisition of Core Scientific by CoreWeave goes ahead will provide a signal on investor confidence in the technology
Roth Capital Partners believes that shares of Core Scientific could rally 27% from here.
Coreweave CEO Mike Intrator defended the company's debt narrative during an interview with CNBC's "Squawk on the Street" on…
Deal’s collapse could hurt CoreWeave plans to meet growth plans that have driven soaring stock price
