Core Scientific Remains Independent After CoreWeave Merger Fails Stockholder Vote
Core Scientific, Inc. (NASDAQ: CORZ), a provider of digital infrastructure for high-density colocation services and digital asset mining, announced the termination of its previously disclosed merger agreement with CoreWeave, Inc. The decision, effective October 30, 2025, follows a special meeting where Core Scientific stockholders did not provide the necessary votes for approval.
As a result of the termination, Core Scientific will continue to operate as a publicly traded company. Its common stock will maintain its listing on Nasdaq under the ticker symbol CORZ.
Core Scientific specializes in digital infrastructure, offering high-density colocation services and digital asset mining. The company operates dedicated, purpose-built facilities and provides digital infrastructure, software solutions, and services to third-party customers. While a majority of current revenue is derived from earning digital assets through its own fleet of computers, the company is actively converting most of its existing facilities to support artificial intelligence-related workloads and next-generation colocation services. This strategic shift is expected to rapidly increase revenue from high-density colocation (HDC).
The company plans to repurpose its remaining facilities currently used for digital asset mining to support its high-density colocation computing services business. This transition is designed to retain access to electrical power, maximize the value of its digital asset mining equipment to third parties, and fulfill existing obligations. Core Scientific’s facilities are located across seven U.
S. states, including one in Alabama, two in Georgia, one in Kentucky, one in North Carolina, one in North Dakota, one in Oklahoma, and three in Texas.
