Core Scientific terminates $9 billion merger deal with CoreWeave

Crypto miner Core Scientific on Thursday ended its agreement to be sold to Nvidia-backed CoreWeave, after shareholders voted against the proposal.

CoreWeave had struck an all-stock deal worth $9 billion to buy Core Scientific in July, as part of its push to secure the energy and data center capacity needed to power surging demand.

Core Scientific shares fell 3.4% in early trading.