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“CoreWeave vs. Two Seas: The $9B Clash Over Core Scientific”

Two Seas Capital, the largest active shareholder of Bitcoin miner Core Scientific, is pushing back against CoreWeave’s $9B acquisition offer — calling it undervalued and risky.

The deal would give AI infrastructure firm CoreWeave control over the data centers it currently leases from Core Scientific. But with AI demand surging, Two Seas believes the miner’s true value hasn’t been priced in — especially as its stock dropped 30% after the buyout was announced.

Despite early rejections, talks resumed in June, sparking price volatility in both companies. With Core Scientific’s growth prospects in AI training and inference, this deal could reshape how mining firms position in the AI economy.

📌 Watch for updates — shareholder pressure could shift terms or stall the deal entirely.

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Two Seas Capital says $9B undervalues Core Scientific. Will AI demand rewrite the deal?