The post Core Scientific (CORZ) Holders Poised to Reject CoreWeave (CRWV) Merger, Jefferies Says appeared on BitcoinEthereumNews.com. Investment bank Jefferies said Core Scientific (CORZ) shareholders appear poised to reject the proposed merger with CoreWeave (CRWV) when they vote on Oct. 30, as CORZ shares are trading roughly 18% above the implied offer price. The premium suggests investors see the deal as undervaluing Core Scientific, and unless CoreWeave’s stock rallies sharply, Jefferies expects a no outcome, the bank said in a report on Tuesday. Proxy advisor ISS and major shareholder Two Seas Capital have urged investors to reject the deal, citing valuation concerns and structural flaws. Core Scientific’s valuation remains complex. Adjusted for land banks and bitcoin BTC$113,421.04 mining operations, CORZ trades roughly in line with Applied Digital (APLD), well below Cipher Mining (CIFR), and above TeraWulf (WULF), showing mixed signals on whether it’s cheap or fully valued, analysts Jonathan Petersen and Jan Aygul wrote. The analysts argued that even if the deal collapses, Core Scientific is well positioned to create value on its own. With 305 megawatts (MW) of billable IT load available, the company could lease capacity to CoreWeave or attract a new hyperscale or “neocloud” tenant, validating its pivot to high-performance computing. Additional leasing, power expansion, or new site acquisitions could lift its valuation, and Jefferies said a future transition to a REIT model could unlock further upside. Still, the report cautioned that a failed vote could complicate Core Scientific’s relationship with CoreWeave, potentially making new tenants hesitant to commit. Nonetheless, CoreWeave’s growing demand for GPU capacity could still bring the companies back to the table. Reflecting its confidence in Core Scientific’s standalone prospects, the bank’s analyst raised their price target to $24 from $22. Core Scientific shares were 1.7% higher in early trading, around $20.44. Read more: Bitcoin Miner Core Scientific Upgraded to Buy on AI Data Center Boom: H.C. Wainwright Source: https://www.coindesk.com/markets/2025/10/29/core-scientific-holders-poised-to-reject-coreweave-merger-jefferies-saysThe post Core Scientific (CORZ) Holders Poised to Reject CoreWeave (CRWV) Merger, Jefferies Says appeared on BitcoinEthereumNews.com. Investment bank Jefferies said Core Scientific (CORZ) shareholders appear poised to reject the proposed merger with CoreWeave (CRWV) when they vote on Oct. 30, as CORZ shares are trading roughly 18% above the implied offer price. The premium suggests investors see the deal as undervaluing Core Scientific, and unless CoreWeave’s stock rallies sharply, Jefferies expects a no outcome, the bank said in a report on Tuesday. Proxy advisor ISS and major shareholder Two Seas Capital have urged investors to reject the deal, citing valuation concerns and structural flaws. Core Scientific’s valuation remains complex. Adjusted for land banks and bitcoin BTC$113,421.04 mining operations, CORZ trades roughly in line with Applied Digital (APLD), well below Cipher Mining (CIFR), and above TeraWulf (WULF), showing mixed signals on whether it’s cheap or fully valued, analysts Jonathan Petersen and Jan Aygul wrote. The analysts argued that even if the deal collapses, Core Scientific is well positioned to create value on its own. With 305 megawatts (MW) of billable IT load available, the company could lease capacity to CoreWeave or attract a new hyperscale or “neocloud” tenant, validating its pivot to high-performance computing. Additional leasing, power expansion, or new site acquisitions could lift its valuation, and Jefferies said a future transition to a REIT model could unlock further upside. Still, the report cautioned that a failed vote could complicate Core Scientific’s relationship with CoreWeave, potentially making new tenants hesitant to commit. Nonetheless, CoreWeave’s growing demand for GPU capacity could still bring the companies back to the table. Reflecting its confidence in Core Scientific’s standalone prospects, the bank’s analyst raised their price target to $24 from $22. Core Scientific shares were 1.7% higher in early trading, around $20.44. Read more: Bitcoin Miner Core Scientific Upgraded to Buy on AI Data Center Boom: H.C. Wainwright Source: https://www.coindesk.com/markets/2025/10/29/core-scientific-holders-poised-to-reject-coreweave-merger-jefferies-says

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more