PANews August 18 news, Jefferies (Jefferies Investment Bank) released a report stating that the proposed merger between Bitcoin mining company Core Scientific (CORZ) and CoreWeave faces valuation divergence issues. If CoreWeave's stock price continues to be sluggish, it could lead to shareholders rejecting the deal. The report raised the target price for CORZ from $16 to $22 to reflect the impact of the acquisition.

Additionally, if CoreWeave's stock price does not rebound before the vote, it may require renegotiation of the deal terms, including increasing the exchange ratio or introducing price protection mechanisms. CORZ's current stock price is approximately $14.40, which still has significant upside potential compared to the target price.