2025-07-08
@CoreWeave @_Adam_Sullivan1 I found one of the $corz deal sweeteners for the folks in the deal room looks like all the execs got accelerated vests while the @Core_Scientific employees gotta do their time Adam has gone from $600k -> $60M liquid pretty quick Who cares about the buyout price! [image]
Bloomberg
CoreWeave says it has agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity
#DataCenters — #CoreWeave — #PowerIsTheMoat @notreload : $CRWV -2.8%, $CORZ -18% [CoreWeave's all-stock acquisition of Core Scientific caused Core Scientific's stock to fall du...
Many $corz shareholders are seemingly not happy with the buyout offer from @CoreWeave. Even Cantor saying its low. Interestingly, May 25' AGM the 66% majority needed to approve a merger was cut down to a simple 50% @_Adam_Sullivan1 less people approving an offer we don't want? [image]
Bloomberg
CoreWeave says it has agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity
#DataCenters — #CoreWeave — #PowerIsTheMoat @notreload : $CRWV -2.8%, $CORZ -18% [CoreWeave's all-stock acquisition of Core Scientific caused Core Scientific's stock to fall du...