Story perspectives
CoreWeave's Controversial Merger Bid Faces Shareholder Backlash
10/18/2025
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Story summary
- CoreWeave is pushing a merger with Core Scientific, claiming it is the only serious bidder to boost efficiency and growth.
- CoreWeave says its July 2025 offer is the final and best bid.
- Two Seas Capital, a hedge fund, criticizes the deal as undervaluing Core Scientific.
- Trip Miller, a major shareholder, opposes the deal, saying the structure is flawed and undervalues shares.
- A shareholder vote is scheduled for October 30, 2025.
