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Bitcoin Miner Core Scientific Investors Nix $9 Billion CoreWeave Merger

Core Scientific shareholders voted against a proposed $9 billion merger with AI computing company CoreWeave during a special meeting. The rejection of the all-stock deal, announced in July, prompted a nearly 4% decline in CoreWeave's stock, while Core Scientific's stock saw a slight increase. The proposed merger aimed to combine Core Scientific's extensive digital asset mining infrastructure with CoreWeave's AI computing capabilities, offering significant potential for growth in high-power computing. However, investors of Core Scientific criticized the merger, believing it undervalued the company's assets amid rising operational costs and decreasing Bitcoin rewards due to network halving events. In a statement, CoreWeave's CEO acknowledged the shareholders' decision and expressed a desire to maintain existing commercial partnerships. The failed merger highlights the challenges facing Bitcoin miners as they navigate the complexities of expanding into AI data centers, which demand more advanced infrastructure than traditional mining operations.

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Spain’s Civil Guard Arrests Leader of 260M Euro Crypto-Linked Alleged Ponzi Scheme

Spain’s Civil Guard has arrested a man identified as A.R., known online as “CryptoSpain,” for allegedly operating a 260 million-euro ($300 million) Ponzi scheme called the Madeira Invest Club. This scheme, which began in early 2023, promised guaranteed returns on investments tied to various assets, such as cryptocurrencies,

Spain’s Civil Guard Arrests Leader of 260M Euro Crypto-Linked Alleged Ponzi Scheme

Spanish authorities have arrested a man, identified as A.R., accused of orchestrating a 260 million-euro ($300 million) Ponzi scheme known as the Madeira Invest Club. This international investment scam, which began operating in early 2023, attracted over 3,000 victims by promising guaranteed returns on investments tied to various

Spain’s Civil Guard Arrests Leader of 260M Euro Crypto-Linked Alleged Ponzi Scheme

Spanish authorities have apprehended A.R., the alleged leader of a 260 million-euro ($300 million) international investment scam known as the Madeira Invest Club. The scheme, which began in early 2023, targeted over 3,000 victims by promising guaranteed returns on investments tied to various assets, including cryptocurrency, gold, and

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