According to Deep Tide TechFlow news, on August 18, CoinDesk reported that investment bank Jefferies released a research report indicating that the proposed merger between Bitcoin mining company Core Scientific (CORZ) and artificial intelligence cloud service provider CoreWeave is facing valuation differences. The bank raised the target stock price of Core Scientific from $16 to $22 to reflect the value brought by the acquisition, maintaining a 'buy' rating.
According to the report, with the current stock price of CoreWeave at $99.97, the corresponding valuation of Core Scientific based on the all-stock transaction is approximately $12.35, significantly lower than Jefferies' estimated fair value range of $16 to $23. Analysts suggest that if CoreWeave's stock price does not rebound before the vote, it may be necessary to renegotiate the terms of the transaction, increasing the exchange ratio to a range of 0.16 to 0.20 or adding protective clauses to address stock price fluctuations.
