A shareholder vote on a merger between Bitcoin miner Core Scientific and AI infrastructure firm CoreWeave has failed, sending Core Scientific’s shares plummeting. The final results of the preliminary vote are expected to be released by the Securities and Exchange Commission (SEC) Friday. 47% of shareholders voted against the deal in the Thursday meeting, which would have seen CoreScientific shareholders receive a one-for-one share offer from CoreWeave for their holdings. This marks the second time this year that Core Scientific’s stock has taken significant hits following failed negotiations and shareholder sentiment. Analysts point to the increasing overlap between Bitcoin mining and artificial intelligence as a factor in the deal’s rejection. 20% of shares traded in Core Scientific fell by over 5% on Thursday after news of the vote. Cointelegraph sought comment from the company, but was unsuccessful in obtaining a response before publication. CoreWeave’s acquisition offer has been on investors’ radar for over a year and impacted the share prices of both companies, and reflects the growing connections between Bitcoin mining and AI technology. 2023 has seen major shifts in how investors view the future of mining in light of advancements in AI, with this being one of the latest examples of such market trends.