Article Summary

**CoreWeave Maintains $9B Bitcoin Mining Acquisition Bid Despite Growing Opposition** CoreWeave CEO Michael Intrator remains steadfast on the company's $9 billion all-stock offer for bitcoin mining giant Core Scientific (CORZ), despite mounting shareholder resistance ahead of the critical October 30th vote. The cryptocurrency infrastructure deal faces significant headwinds as proxy advisory firm Institutional Shareholder Services (ISS) officially recommends rejection, arguing that Core Scientific's strong independent performance makes the merger unnecessary. Intrator characterized the bitcoin mining acquisition as "nice to have, not a need to have," signaling CoreWeave's confidence in pursuing growth strategies with or without the deal. The CEO emphasized that the $9 billion valuation fairly represents both companies' relative market positions in the competitive cryptocurrency mining sector. This high-stakes blockchain industry consolidation attempt highlights the ongoing evolution of bitcoin mining operations and infrastructure providers. Core Scientific's recent operational success as a computing power provider strengthens ISS's position that the company can maintain robust growth independently. The outcome could significantly impact cryptocurrency mining market dynamics and set precedents for future blockchain industry mergers and acquisitions.