Data centre group Core Scientific fretted over its ability to raise cash before it forged a tie-up with CoreWeave last month, according to a filing that sheds light on a deal that has been panned by some shareholders.
In a filing with US securities regulators this week, Core Scientific said that had it remained independent, it would have had to start a spending drive in the second half of 2025 that would probably require new financing.
“There was no guarantee that additional financing could be obtained,” the filing with the Securities and Exchange Commission said, citing board deliberations in early June about a potential CoreWeave deal.
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