Core Scientific Faces Valuation Challenges in Proposed Merger with CoreWeave

According to PANews, investment bank Jefferies has released a report highlighting valuation discrepancies in the proposed merger between Bitcoin mining company Core Scientific (CORZ) and CoreWeave. The report suggests that if CoreWeave's stock price remains low, shareholders may reject the deal. Jefferies has raised CORZ's target price from $16 to $22 to account for the acquisition's impact. The report further indicates that if CoreWeave's stock does not recover before the voting, renegotiation of the deal terms may be necessary source: https://www.binance.com/en/square/post/28486767910794?utm_source=BinanceNewsRSS