### Core Scientific Shareholders Reject $9 Billion Acquisition, Opt for Independence Core Scientific, a prominent player in the cryptocurrency mining sector, has seen its shareholders decisively reject a proposed $9 billion acquisition by CoreWeave. This merger, which would have significantly expanded CoreWeave's data center capabilities, was turned down amid concerns over valuation and the potential for Core Scientific to thrive independently in the burgeoning AI infrastructure market. The rejection reflects a broader sentiment among investors who believe in the company's standalone potential, especially as market valuations for AI-related businesses continue to soar [https://finance.yahoo.com/news/core-scientific-shareholders-reject-9bn-101134582.html][https://www.indexbox.io/blog/core-scientific-shareholders-vote-down-9b-coreweave-acquisition]. ### Breakdown of the Acquisition Rejection 1. **Shareholder Vote Outcome**: Core Scientific shareholders voted against the acquisition, which was first announced in July 2025, indicating a strong preference for independence [https://finance.yahoo.com/news/bitcoin-miner-core-scientific-investors-185122333.html]. 2. **Concerns Raised**: Investors cited concerns over the undervaluation of Core Scientific and the financial risks associated with the merger, leading to a lack of support for the deal [https://ventureburn.com/core-scientific-reject-coreweave-9bn-deal]. 3. **Market Context**: The decision comes at a time when the market for AI infrastructure is experiencing significant growth, prompting shareholders to believe that Core Scientific could capitalize on this trend without merging [https://bitcoinethereumnews.com/bitcoin/bitcoin-miner-turned-ai-infra-play-core-scientific-to-remain-independent]. 4. **Future Plans**: Following the rejection, Core Scientific plans to focus on expanding its operations through colocation and mining, maintaining its status as an independent entity [https://cryptorank.io/news/feed/bc51a-core-scientific-reject-coreweave-bid]. ### Supporting Evidence and Market Implications - **Valuation Concerns**: The proposed merger would have valued Core Scientific at $20.40 per share, but shareholders felt this did not reflect the company's true potential [https://bitcoinethereumnews.com/tech/core-scientific-shareholders-vote-against-9b-coreweave-merger]. - **Stock Market Reaction**: Following the rejection, CoreWeave's stock experienced a decline, indicating investor sentiment was closely tied to the merger's prospects [https://markets.businessinsider.com/news/stocks/coreweave-stock-crwv-unravels-after-9b-merger-with-core-scientific-collapses-1035459682]. - **Strategic Independence**: Core Scientific's decision to remain independent aligns with a growing trend among tech companies to leverage their unique capabilities in rapidly evolving markets [https://timesnewsnetworks.com/core-scientific-shareholders-thwart-coreweave-buyout-deal]. ### Conclusion: A Strategic Move Towards Independence In summary, **Core Scientific's shareholders have decisively opted against the $9 billion acquisition by CoreWeave**, reflecting a belief in the company's potential to thrive independently in the AI infrastructure space. The rejection of the merger is supported by concerns over valuation and financial risks, as well as a favorable market outlook for AI-related businesses. 1. **Shareholders voted against the merger**, prioritizing independence over immediate financial gain. 2. **Concerns about undervaluation and risks** were central to the decision. 3. **Core Scientific plans to focus on growth** through its existing operations rather than merging. 4. **Market reactions indicate a significant impact** on CoreWeave's stock, highlighting the interconnectedness of these companies in investor sentiment. This strategic move positions Core Scientific to potentially capitalize on future opportunities in the AI sector while maintaining its operational autonomy [https://finance.yahoo.com/news/core-scientific-terminates-9-billion-143818190.html].