CoreWeave Comments on Core Scientific Stockholder Vote

Summary:

• CoreWeave’s Proposed Acquisition of Core Scientific Terminated Due To Results of Stockholder Vote
• Companies Continue Longstanding Partnership
• CoreWeave’s Growth Strategy Advances Amid Relentless Demand for AI Compute

CoreWeave, Inc., a player in Cloud for AI, commented on the outcome of Core Scientific’s Special Meeting of Stockholders, held to consider the proposal to adopt the Agreement and Plan of Merger pursuant to which CoreWeave would acquire Core Scientific in an all-stock transaction.

Based on preliminary results, the proposal did not receive the necessary approval from Core Scientific stockholders. As a result, the Agreement has been terminated.

“We respect the views of Core Scientific stockholders and look forward to continuing our commercial partnership,” said Michael Intrator, co-founder, chairman, and CEO, CoreWeave. “CoreWeave’s strategy remains unchanged. We will continue to execute with discipline against our roadmap to create long-term shareholder value, including through opportunistic and strategic M&A.”

CoreWeave and Core Scientific will continue to execute on their respective growth strategies and collaborate on shared opportunities that leverage their complementary strengths.

The final voting results from Core Scientific’s Special Meeting will be reported on a Form 8-K filed by Core Scientific with the U.S. Securities and Exchange Commission.