CoreWeave Is 'Very Comfortable' With Core Scientific Bid, CEO Says

Watch CoreWeave Is 'Very Comfortable' With Core Scientific Bid, CEO Says - Bloomberg on Dailymotion

Transcript

00:00We've had a long and successful relationship with Core Scientific.

00:04We have, starting in 2018, 2019, and, you know, that relationship has grown and evolved as

00:14Core Wave has grown and evolved.

00:16And so it's been, you know, very successful for both parties.

00:20You know, we sat down with the management and the board of their company and my company

00:24and we came to a deal that we thought was a fair representation of value.

00:30The ratio was correct.

00:31It's an all stock deal, so you really got to look at it as a ratio basis.

00:35And you know, we took it to the market and now the market has a different opinion and

00:42that's fine.

00:43You know, we're very comfortable that the way that we have priced it is appropriate

00:49for us.

00:50If there's someone else that would like to step in, they can step in.

00:54But you know, we're excited.

00:55We think it makes sense.

00:56We continue to think it makes sense and, you know, it will go to a vote.

01:02But you won't see us bump our price or increase our price.

01:06We put a lot of thought into how we got to the structure and the deal that we got to.

01:12Given where the spreads are, is there any universe in which you just walk before the

01:15vote happens?

01:17So, you know, given where the spreads are, I think you just kind of let this play out.

01:23Okay.

01:24And you know, if in the next week and a half or whatever it is, the collective shareholder

01:32base reconsiders and chooses to view it through the lens that I'm looking at, then the deal

01:38will close.

01:39And if they don't, it won't.

01:40But like I said, I continue to believe that it would be a positive transaction for both sets

01:47of others.

01:48Yeah.

01:49Yeah.