U.S. Stock Movement | Core Scientific rises over 9%, with a total market value exceeding $4.8 billion

Core Scientific's stock price rose, and as of the time of publication, the stock was up over 9%, trading at $15.85. The total market capitalization exceeded $4.8 billion. The company's stock price followed CoreWeave's increase, as on July 7, 2025, CoreWeave reached an acquisition agreement with Core Scientific entirely through the issuance of new shares. Core Scientific shareholders will exchange 0.1235 shares of CoreWeave Class A common stock for each share of Core Scientific common stock they hold, with the entire transaction valued at approximately $9 billion. Core Scientific's largest shareholder, Two Seas Capital LP, has publicly opposed the transaction, citing issues with the transaction structure that could expose Core Scientific shareholders to excessive risk. A specific date has not yet been announced, but the market generally expects a shareholder vote in the fall of 2025 to decide whether to proceed with the acquisition