Core Scientific terminates $9 billion merger deal with CoreWeave

October 31, 2025

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Synopsis

Crypto miner Core Scientific on Thursday ended its merger agreement with Nvidia-backed CoreWeave. Core Scientific shares fell 3.4% in early trading.

Crypto miner Core Scientific on Thursday ended its agreement to be sold to Nvidia-backed CoreWeave, after shareholders voted against the proposal.

CoreWeave had struck an all-stock deal worth $9 billion to buy Core Scientific in July, as part of its push to secure the energy and data center capacity needed to power surging demand.

Core Scientific shares fell 3.4% in early trading.

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