ISS recommends investors reject CoreWeave deal for Core Scientific

Core Scientific

20/10/2025 21:30

NEW YORK, Oct 20 (Reuters) - Proxy advisory firm Institutional Shareholder Services on Monday recommended investors vote down plans for AI company CoreWeave to buy infrastructure company Core Scientific in what was billed as a $9 billion deal when it was announced in July.

Investors will vote on October 30 and ISS wrote that Core Scientific has achieved considerable success as a standalone company and could continue going it alone.

 (Reporting by Svea Herbst-Bayliss)

 ((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net))