AI Mania Tanks CoreWeave’s Core Scientific Deal

AI mania derails CoreWeave’s $9B Core Scientific acquisition as it pivots to buy Python notebook startup Marimo.

Matilda

AI Mania Tanks CoreWeave’s Core Scientific Deal

AI Mania Tanks CoreWeave’s Core Scientific Acquisition CoreWeave’s $9 billion bid to acquire Core Scientific has officially collapsed — and the reason ties directly to the ongoing AI mania sweeping the tech market. Core Scientific shareholders rejected the all-stock offer, driven by confidence that their company could rise independently amid the AI infrastructure boom. Instead, CoreWeave is redirecting its focus toward acquiring Marimo , a startup behind an innovative Python notebook platform for AI developers. Image Credits:CoreWeave Why Did CoreWeave’s Core Scientific Acquisition Fail? CoreWeave’s proposed deal faced backlash from Core Scientific’s largest shareholder, Sina Toussi of Two Seas Capital , who argued that the offer undervalued the company. With AI infrastructure valuations skyrocketing in 2025, shareholders saw more upside in independence. Toussi noted that the original $16.40-per-share offer no longer reflected Core Scientific’s potential as AI demand — and investor enthusia…

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