ISS recommends investors reject CoreWeave deal for Core Scientific

A screen displays the company logo for CoreWeave, Inc., Nvidia-backed cloud services provider, during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. REUTERS/Brendan McDermid

NEW YORK (Reuters) -Proxy advisory firm Institutional Shareholder Services on Monday recommended investors vote down plans for AI company CoreWeave to buy infrastructure company Core Scientific in what was billed as a $9 billion deal.

Investors will vote on October 30. ISS wrote that Core Scientific has achieved considerable success as a standalone company and could continue going it alone.