Welcome to our dedicated page for Core Scientific news (Ticker: CORZ), a resource for investors and traders seeking the latest updates and insights on Core Scientific stock.
Core Scientific, Inc. (NASDAQ: CORZ) is active in data processing, hosting and related services, with a focus on digital infrastructure for high-density colocation and digital asset mining. News about Core Scientific often centers on its strategic shift from a primarily bitcoin mining profile toward a broader role in high-performance computing and artificial intelligence-related workloads.
Recent company announcements highlight its plan to convert most existing facilities to support AI-related workloads and next generation colocation services, while repurposing remaining digital asset mining sites for high-density colocation computing. Investors following CORZ news can track updates on this transition, including changes in revenue mix among digital asset self-mining, hosted mining and high-density colocation segments.
Another key news theme is corporate and capital markets activity. Core Scientific entered into an Agreement and Plan of Merger with CoreWeave, Inc. in July 2025, which would have resulted in an all-stock acquisition. Subsequent press releases and Form 8-K filings reported the scheduling of a special meeting of stockholders, proxy-related communications and litigation challenging merger-related disclosures. On October 30, 2025, the company announced that stockholders did not approve the merger proposal and that the Merger Agreement was terminated, with Core Scientific remaining a standalone, publicly traded company on Nasdaq.
Coverage of CORZ also includes quarterly financial results, such as revenue contributions from digital asset self-mining, hosted mining and high-density colocation, as well as investor calls and presentations. In addition, third-party commentary from shareholders and potential acquirers provides perspectives on Core Scientific’s assets, power access and role in the AI infrastructure build-out. For ongoing context on these developments, the CORZ news page aggregates company releases, investor communications and related market commentary.
Two Seas Capital (NASDAQ:CORZ) urged Core Scientific shareholders to vote AGAINST the proposed sale to CoreWeave (NASDAQ:CRWV) on Oct 17, 2025, arguing the transaction substantially undervalues Core Scientific.
Two Seas cites sector moves since the July 7 announcement: peer stocks have roughly tripled, a recent $40 billion data‑center portfolio deal, CoreWeave's stock is down ~15% since the deal announcement, and the implied deal consideration (~$17.50 per share) compares unfavorably to an estimated ~$45 per share if Core Scientific tracked its weakest peer. Two Seas notes Core Scientific traded above the deal value for 44 consecutive days and about 12% higher than the deal value at yesterday's close.
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Two Seas Capital, the largest active shareholder of Core Scientific (NASDAQ: CORZ), published an investor presentation urging shareholders to vote AGAINST Core Scientific's proposed sale to CoreWeave (NASDAQ: CRWV).
Two Seas argues the deal announced July 7, 2025 is the product of a flawed process, has a deficient structure, and features an inadequate exchange ratio that substantially undervalues Core Scientific. The presentation cites peers that "more than doubled" in value in the three months after the deal announcement and highlights the company’s special meeting on October 30, 2025 where shareholders will vote using the GOLD proxy card.
Two Seas Capital LP, the largest active shareholder of Core Scientific (NASDAQ: CORZ), has filed a definitive proxy statement opposing the company's proposed sale to CoreWeave (NASDAQ: CRWV). The investment firm is urging shareholders to vote AGAINST the transaction announced on July 7, 2025.
Two Seas criticizes the deal on multiple fronts: the valuation is deemed inadequate, the structure is considered deficient, and the process was flawed as no other parties were contacted. The market's reaction was notably negative, with CORZ stock plunging 18% on the announcement day. Two Seas argues that CoreWeave's stock, which had appreciated over 300% in just months before the deal, is being used as currency in a transaction that undervalues Core Scientific's potential in the AI data center market.
The firm particularly criticizes the immediate executive benefits, including accelerated vesting and excise tax reimbursement, while shareholders are deprived of long-term value in the AI infrastructure sector.
Core Scientific (NASDAQ: CORZ), a digital infrastructure and mining company, reported its Q2 2025 financial results, showing significant revenue declines and continued losses. Total revenue fell to $78.6 million from $141.1 million year-over-year, with digital asset mining revenue dropping to $62.4 million from $110.7 million.
The company reported a net loss of $936.8 million, largely due to non-cash fair value adjustments of $910.0 million. Notably, Core Scientific announced a pending all-stock merger with CoreWeave, where shareholders will receive 0.1235 shares of CoreWeave Class A common stock for each CORZ share.
The company maintains a strong liquidity position of $754.1 million, including $581.3 million in cash and $172.8 million in digital assets.
Two Seas Capital LP, the largest active shareholder of Core Scientific (NASDAQ: CORZ) with a 6.3% stake (19,122,842 shares), has announced its opposition to the company's proposed sale to CoreWeave (NASDAQ: CRWV) announced on July 7, 2025.
In an open letter to shareholders, Two Seas expressed disappointment with the all-stock, uncollared transaction structure, stating it materially undervalues Core Scientific and exposes shareholders to substantial economic risk. The shareholder pointed to the 30% stock price decline following the announcement as evidence of market disapproval.
While not philosophically opposed to the merger, Two Seas plans to vote against the transaction unless terms are revised to address structural shortcomings and inadequate consideration. The firm believes Core Scientific is uniquely positioned in the high-performance computing infrastructure space, particularly for AI applications.
[ "Two Seas Capital owns 6.3% stake, demonstrating significant investor confidence", "Core Scientific has strategic positioning in high-performance computing infrastructure", "Company has ready access to low-cost power and data center talent", "Strong growth potential in AI computing infrastructure market" ]Core Scientific (NASDAQ:CORZ), a leader in digital infrastructure for high-density colocation services and bitcoin mining, has scheduled to release its Q2 2025 financial results after market close on August 8, 2025. The company will not host a conference call or webcast to discuss the results due to its pending transaction with CoreWeave, which was previously announced on July 7, 2025.
CoreWeave (NASDAQ: CRWV) has announced a definitive agreement to acquire Core Scientific (NASDAQ: CORZ) in an all-stock transaction. Core Scientific stockholders will receive 0.1235 shares of CoreWeave Class A common stock for each Core Scientific share, valuing the deal at approximately $9.0 billion.
The acquisition will provide CoreWeave with 1.3 GW of gross power across Core Scientific's data centers, plus 1 GW+ potential expansion capacity. The deal is expected to generate $500 million in annual run-rate cost savings by 2027 and eliminate over $10 billion in future lease overhead.
The transaction is expected to close in Q4 2025, subject to regulatory and shareholder approval. Core Scientific stockholders will own less than 10% of the combined company post-closing.
Xobee Networks, a managed service provider, has appointed Scott Brueggeman as its new Chief Revenue Officer. Brueggeman brings over 25 years of leadership experience in technology, infrastructure, and business services, with expertise in sales, marketing, and go-to-market strategy.
Most recently, Brueggeman served as Chief Marketing Officer at Core Scientific (NASDAQ: CORZ), where he led the company's strategic pivot into AI-driven high-performance computing infrastructure. His previous roles include senior executive positions at Logix Fiber Networks, CyrusOne, and CoreLink Data Centers, where he drove transformational growth and successful M&A integrations totaling over $1 billion in enterprise value.
Core Scientific (NASDAQ: CORZ), a leading provider of digital infrastructure for high-density colocation and bitcoin mining, has announced its participation in the TD Cowen 53rd Annual Technology, Media & Telecom Conference. CEO Adam Sullivan will deliver a presentation on Thursday, May 29th, at 9:40 a.m. ET. Investors can access the live webcast through the company's website's Investors section, with a replay available for 90 days following the presentation.