Crypto miner Core Scientific (CORZ)<\/strong> has officially terminated its planned $9 billion all-stock merger with CoreWeave (CRWV)<\/strong> after shareholders voted down the proposal, ending months of debate and opposition from key investors and proxy firms. The decision marks the second failed takeover attempt<\/strong> by CoreWeave in less than a year.<\/p>\n\n\n\n The deal, announced in July 2025, was intended to give CoreWeave access to Core Scientific\u2019s extensive data center and energy infrastructure<\/strong> to fuel soaring AI and cloud computing demand. However, opposition from major shareholders \u2014 notably Two Seas Capital<\/strong>, Core Scientific\u2019s largest active investor \u2014 quickly mounted. The firm criticized the sale process, valuation, and fixed exchange ratio<\/strong>, which it said left shareholders exposed to volatility in CoreWeave\u2019s stock price.<\/p>\n\n\n\n Despite Core Scientific\u2019s board promoting the merger as a pathway to cost synergies and operational efficiencies<\/strong>, investor resistance proved decisive. Last week, Institutional Shareholder Services (ISS)<\/strong> also recommended shareholders vote against the deal, arguing the company\u2019s strong post-bankruptcy performance demonstrated that it could thrive independently<\/strong>.<\/p>\n\n\n\n \u201cWe respect the views of Core Scientific stockholders and look forward to continuing our commercial partnership,\u201d said Michael Intrator<\/strong>, CoreWeave\u2019s CEO and co-founder, in a statement following the vote.<\/p>\n\n\n\n The market reaction was immediate \u2014 Core Scientific shares rose<\/strong> in early trading on optimism about its future as a standalone company, while CoreWeave\u2019s stock dipped nearly 5%<\/strong>.<\/p>\n\n\n\n The collapse of the deal underscores growing investor caution in the AI-infrastructure and crypto-mining sectors, where valuations have surged amid accelerating demand. For now, Core Scientific appears poised to continue charting its own course, capitalizing on its expanding role in high-performance computing and digital asset mining<\/strong>.<\/p>\n\n\n\n