Odaily Planet Daily News: The board of directors of crypto mining company Core Scientific called on shareholders on Wednesday to vote in favor of its acquisition by CoreWeave, believing that the deal will bring multiple strategic and financial benefits to the company.

In July of this year, CoreWeave announced its proposed all-stock acquisition of Core Scientific, valuing the company at approximately $9 billion, or $20.40 per share. Despite opposition from its largest shareholder, Two Seas Capital, Core Scientific's board of directors emphasized in its investor presentation that it had "unanimously determined" the transaction was the best option for all shareholders. The company stated that the combined entity would achieve significant cost savings and business synergies, help mitigate growth risks, and unlock upside potential for shareholders. (Reuters)