[Core Scientific Terminates Merger with CoreWeave] BlockBeats News, October 30, U.S.-listed mining company Core Scientific announced the termination of its merger with CoreWeave. BlockBeats previously reported that on August 8, Core Scientific's largest shareholder, Two Seas Capital, announced it would vote against the all-stock transaction to sell the company to CoreWeave, citing the deal's undervaluation and significant structural flaws. In July of this year, CoreWeave announced its acquisition of digital infrastructure company Core Scientific through an all-stock transaction. The value of the deal was set at $20.40 per share. The agreed-upon share exchange ratio implied a company valuation of approximately $9 billion.