Core Scientific’s board is urging shareholders to vote for the proposed sale to CoreWeave, expecting benefits. Two Seas Capital, the largest shareholder, opposes the $9 billion all-stock deal, claiming undervaluation. Despite this, Core Scientific’s board believes the deal is the best option for all stockholders, citing cost savings and synergies. CoreWeave offers data centers and Nvidia-powered AI chips for large language models, targeting energy-intensive Bitcoin mining sites for expansion.

Read more at Yahoo Finance: Core Scientific’s board asks shareholders to vote for CoreWeave deal