Core Scientific, Inc. (CORZ.US) shares climbed higher during trading, rising over 9% to $15.85 per share at the time of reporting. The company's total market capitalization has exceeded $4.8 billion.

The stock's upward movement follows the performance of CoreWeave (CRWV.US). On July 7, 2025, CoreWeave and Core Scientific, Inc. reached an all-stock acquisition agreement. Under the terms of the deal, Core Scientific, Inc. shareholders will receive 0.1235 shares of CoreWeave Class A common stock for each share of Core Scientific, Inc. common stock they hold. The entire transaction is valued at approximately $9 billion.

Core Scientific, Inc.'s largest shareholder, Two Seas Capital LP, has publicly opposed the transaction, citing concerns about the deal structure and potential excessive risk exposure for Core Scientific, Inc. shareholders. While no exact date has been announced, the market widely expects a shareholder vote to determine whether to proceed with the acquisition to take place in fall 2025.