Tag: Data center

AIBusiness

CoreWeave’s $5 Billion Core Scientific Acquisition Faces Mounting Shareholder Opposition

CoreWeave’s ambitious $5 billion acquisition of Core Scientific faces mounting opposition from major shareholders ahead of a critical October 30 vote. Gullane Capital, the third-largest shareholder, has joined other investors in rejecting the current terms, citing valuation concerns and structural issues with the stock conversion deal.

Major Shareholder Joins Opposition to CoreWeave’s Acquisition Plan

A $5 billion merger crucial to CoreWeave‘s expansion in the artificial intelligence sector faces increasing uncertainty as another major investor has announced opposition to the deal. According to reports, Trip Miller, founder of Gullane Capital and the third-largest shareholder in Core Scientific, stated he would vote against the proposed acquisition by rival data center firm CoreWeave.

by Natalie Brooks
InfrastructureTechnology

Nigeria Emerges as Africa’s Data Center Powerhouse Amid AI Expansion

Nigeria is witnessing a massive infrastructure boom as international technology companies pour hundreds of millions into advanced data centers. The investments are driven by the country’s young, digitally-native population and the growing demand for artificial intelligence capabilities across the continent.

Massive Infrastructure Investments Transform Nigeria’s Digital Landscape

Nigeria is experiencing a billion-dollar data center construction boom as global technology giants race to establish infrastructure capable of handling advanced computing workloads, according to industry reports. The West African nation, already recognized as one of the continent’s leading technology hubs, is attracting unprecedented investment to support its rapidly expanding digital economy.

by Darren Holt