Core Scientific (CORZ) Stockholders Reject Merger with CoreWeave
Joerg Hiller Oct 31, 2025 17:39
Core Scientific's stockholders did not approve the proposed merger with CoreWeave, according to preliminary results from a special meeting.
Core Scientific's Merger Proposal Falls Short
Core Scientific, Inc. (Nasdaq: CORZ), a prominent player in the digital infrastructure sector, announced that its stockholders did not approve the proposed merger with CoreWeave, Inc. (Nasdaq: CRWV). This decision emerged from a special meeting held on October 30, 2025, according to [Core Scientific](https://investors.corescientific.com/news-events/press-releases/detail/123/core-scientific-announces-preliminary-results-of-special-meeting-of-stockholders).
Details of the Special Meeting
The special meeting was convened to vote on the merger agreement between Core Scientific and CoreWeave. Despite expectations, the requisite number of votes to proceed with the merger was not obtained. The company plans to disclose the final voting results in a Form 8-K filing with the U.S. Securities and Exchange Commission.
About Core Scientific
Core Scientific is renowned for its digital infrastructure services, specializing in high-density colocation and digital asset mining. The company operates facilities across several U.S. states, including Texas, Alabama, and Georgia. Core Scientific is transitioning its facilities to support artificial intelligence workloads and next-generation colocation services.
Market Context
The merger with CoreWeave was anticipated to bolster Core Scientific's capabilities in high-density computing. However, the rejection by stockholders indicates potential concerns or differing strategic interests among stakeholders. As the company continues its operations, it remains focused on expanding its high-density colocation services, which are expected to significantly contribute to future revenue streams.
Forward-Looking Statements
Core Scientific's announcement included forward-looking statements about its business operations and future plans. These statements are subject to various risks and uncertainties, particularly in the volatile digital asset market. The company has highlighted its commitment to adapting to regulatory changes and maintaining a competitive edge in the industry.
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