Articles from Core Scientific, Inc.
Core Scientific Announces Strategic Marketing Hire to Accelerate Growth and Brand Leadership
Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for high-performance computing and digital asset mining, today announced the appointment of Scott Brueggeman as Chief Marketing Officer. With over 20 years of experience in digital infrastructure and technology businesses, Brueggeman will play a pivotal role in strengthening the company’s brand presence, driving growth, and expanding market opportunities.
By Core Scientific, Inc. · Via Business Wire · January 9, 2025
Core Scientific Announces December 2024 Production and Operations Updates
Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or “the Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, today released unaudited production and operations updates for December 2024.
By Core Scientific, Inc. · Via Business Wire · January 6, 2025
Core Scientific Announces November 2024 Production and Operations Updates
Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, today released unaudited production and operations updates for November 2024.
By Core Scientific, Inc. · Via Business Wire · December 5, 2024
Core Scientific Prices Upsized $550 Million Convertible Senior Notes Offering
Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced the pricing of its offering of $550 million aggregate principal amount of 0.00% convertible senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $500 million aggregate principal amount of notes. The issuance and sale of the notes are scheduled to settle on December 5, 2024, subject to customary closing conditions. Core Scientific also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $75 million principal amount of notes.
By Core Scientific, Inc. · Via Business Wire · December 3, 2024
Core Scientific Announces Proposed Convertible Senior Notes Offering
Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced its intention to offer, subject to market and other conditions, $500 million aggregate principal amount of convertible senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Core Scientific also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $75 million principal amount of notes.
By Core Scientific, Inc. · Via Business Wire · December 2, 2024
Core Scientific and Port Muskogee Break Ground on 100 MW HPC Data Center
Core Scientific Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, CoreWeave, the AI hyperscaler, and Port Muskogee broke ground today on Core Scientific’s newest state-of-the-art, high-performance computing data center. The 100-megawatt facility will host CoreWeave’s NVIDIA GPUs for an undisclosed client.
By Core Scientific, Inc. · Via Business Wire · November 18, 2024
Core Scientific Announces Fiscal Third Quarter 2024 Results
Core Scientific, Inc. (NASDAQCORZ), a leader in digital infrastructure for bitcoin mining and HPC, today announced financial results for the fiscal third quarter of 2024. Net loss was $455.3 million, as compared to a net loss of $41.1 million for the same period in 2023. Total revenue was $95.4 million, as compared to $112.9 million for the same period last year. Operating loss was $41.2 million, as compared to a loss of $12.0 million for the same period in 2023. Adjusted EBITDA was $10.1 million, as compared to $27.8 million for the same period in the prior year. Third quarter net loss resulted from a net $408.5 million mark-to-market adjustment in the value of our tranche 1 and tranche 2 warrants and other contingent value rights required as a result of the significant quarter-over-quarter increase in the value of our equity.
By Core Scientific, Inc. · Via Business Wire · November 6, 2024
Core Scientific Announces October 2024 Production and Operations Updates
Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today released unaudited production and operations updates for October 2024.
By Core Scientific, Inc. · Via Business Wire · November 5, 2024
Core Scientific, Inc. Schedules Third Quarter Fiscal Year 2024 Earnings Release, Conference Call and Webcast
Core Scientific, Inc. (NASDAQCORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced it will issue financial results for the Company's fiscal year 2024 third quarter after financial markets close on Wednesday, November 6, 2024. Management will host a conference call and live audio webcast to discuss the results at 3:30 p.m. Central Time.
By Core Scientific, Inc. · Via Business Wire · October 30, 2024
Core Scientific Announces Exercise of Final Contract Option by CoreWeave for Delivery of Approximately 120 MW of Additional Digital Infrastructure to Host High-Performance Computing Operations
Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced that CoreWeave, the AI Hyperscaler, has exercised its final option to contract for additional infrastructure pursuant to the terms provided as part of the previously announced 200 megawatt (“MW”) hosting contract for high performance computing (“HPC”) entered into with CoreWeave on June 3, 2024.
By Core Scientific, Inc. · Via Business Wire · October 22, 2024
Core Scientific Announces September 2024 Production and Operations Updates
Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today released unaudited production and operations updates for September 2024.
By Core Scientific, Inc. · Via Business Wire · October 7, 2024
Core Scientific Announces Extension of CoreWeave Option for 118 Megawatts of Infrastructure to Support High-Performance Computing
Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced a 30-day extension of CoreWeave’s remaining option to contract 118 megawatts of infrastructure for high-performance computing (“HPC”).
By Core Scientific, Inc. · Via Business Wire · September 6, 2024
Core Scientific Announces CFO Transition Plan
Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced that Denise Sterling has decided to step down from her role as Executive Vice President and Chief Financial Officer effective May 1, 2025 or as soon as a permanent successor has been identified.
By Core Scientific, Inc. · Via Business Wire · September 6, 2024
Core Scientific Announces August 2024 Production and Operations Updates
Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today released unaudited production and operations updates for August 2024.
By Core Scientific, Inc. · Via Business Wire · September 5, 2024
Core Scientific, Inc. to Participate in September Investor Conferences
Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced that management will participate in the following investor conferences in the month of September:
By Core Scientific, Inc. · Via Business Wire · August 30, 2024
Core Scientific Strengthens Balance Sheet and Supports Growth Plans with Proceeds from Recent Convertible Notes Offering
Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced it has repaid a total of $267 million in debt with proceeds from its offering of convertible senior notes first announced on August 13, 2024, which closed on August 19, 2024.
By Core Scientific, Inc. · Via Business Wire · August 20, 2024
Core Scientific Prices Upsized $400 Million Convertible Senior Notes Offering
Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced the pricing of its offering of $400 million aggregate principal amount of 3.00% convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $350 million aggregate principal amount of notes. The issuance and sale of the notes are scheduled to settle on August 19, 2024, subject to customary closing conditions. Core Scientific also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $60 million principal amount of notes.
By Core Scientific, Inc. · Via Business Wire · August 14, 2024
Core Scientific, Inc. to Participate in the 44th Annual Cannacord Genuity Growth Conference
Core Scientific, Inc. (NASDAQCORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced that CEO Adam Sullivan will present at the 44th Annual Cannacord Growth Conference on August 14 at 9:30 a.m. ET.
By Core Scientific, Inc. · Via Business Wire · August 13, 2024
Core Scientific Announces Proposed Convertible Senior Notes Offering
Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced its intention to offer, subject to market and other conditions, $350.0 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Core Scientific also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $52.5 million principal amount of notes.
By Core Scientific, Inc. · Via Business Wire · August 13, 2024
Core Scientific Announces Fiscal Second Quarter 2024 Results
Core Scientific, Inc. (NASDAQCORZ), a leader in digital infrastructure for bitcoin mining and HPC, today announced financial results for the fiscal second quarter of 2024. Net loss was $804.9 million, as compared to a net loss of $9.3 million for the same period in 2023. Total revenue was $141.1 million, as compared to $126.9 million for the same period last year. Operating income was $6.6 million, as compared to $9.5 million for the same period in 2023. Adjusted EBITDA was $46.0 million, as compared to $45.0 million for the same period in the prior year. Second quarter Net loss resulted from a net $796 million mark-to-market adjustment in the value of our tranche 1 and tranche 2 warrants and other contingent value rights required as a result of the significant quarter-over-quarter increase in the value of our equity.
By Core Scientific, Inc. · Via Business Wire · August 7, 2024
Core Scientific Announces Exercise of Additional Contract Option by CoreWeave for Delivery of Approximately 112 MW of Additional Infrastructure to Host High-Performance Computing Operations
Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced that CoreWeave, the AI Hyperscaler, has exercised its option to contract for additional infrastructure pursuant to the terms provided as part of the previously announced 200 megawatt (“MW”) hosting contract for high performance computing (“HPC”) entered into with CoreWeave on June 3, 2024.
By Core Scientific, Inc. · Via Business Wire · August 6, 2024
Core Scientific Announces July 2024 Production and Operations Updates
Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today released unaudited production and operations updates for July 2024.
By Core Scientific, Inc. · Via Business Wire · August 5, 2024
Core Scientific, Inc. Schedules Second Quarter Fiscal Year 2024 Earnings Release, Conference Call and Webcast
Core Scientific, Inc. (NASDAQCORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced it will issue financial results for the Company's fiscal year 2024 second quarter after financial markets close on Wednesday, August 7, 2024. Management will host a conference call and live audio webcast to discuss the results at 3:30 p.m. Central Time.
By Core Scientific, Inc. · Via Business Wire · July 31, 2024
Core Scientific Announces Tranche 2 Warrants Triggering Event
Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), one of the largest owners and operators of high-powered digital infrastructure for bitcoin mining and hosting services in North America, today announced the satisfaction of the “TEV Triggering Event” pursuant to the Warrant Agreement among the Company, Computershare, Inc. and its affiliate Computershare Trust Company, N.A., acting as Warrant Agent. As a result, the tranche 2 warrants (CORZZ) are exercisable at the option of the holder until expiration on January 23, 2029.
By Core Scientific, Inc. · Via Business Wire · July 12, 2024
Core Scientific Announces Mandatory Conversion of Outstanding Secured Convertible Notes
Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), one of the largest owners and operators of high-powered digital infrastructure for bitcoin mining and hosting services in North America, today announced the mandatory conversion of its outstanding Secured Convertible Notes due 2029 (the “Notes”) pursuant to the Indenture, dated as of January 23, 2024 (the “Indenture”), by and among the Company, as issuer, Wilmington Trust, National Association (“Wilmington Trust”), as trustee and collateral agent, and the other parties thereto.
By Core Scientific, Inc. · Via Business Wire · July 8, 2024
Core Scientific Announces June 2024 Production and Operations Updates
Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), one of the largest owners and operators of high-powered digital infrastructure for bitcoin mining and hosting services in North America, today released unaudited production and operations updates for June 2024.
By Core Scientific, Inc. · Via Business Wire · July 5, 2024
Core Scientific Announces New Contract with CoreWeave for Delivery of Approximately 70 MW of Additional Infrastructure to Host High-Performance Computing Operations
Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), one of the largest owners and operators of high-powered digital infrastructure for bitcoin mining and hosting services in North America, today announced that CoreWeave, the AI Hyperscaler, has exercised its first option to contract for additional infrastructure under the terms of its previously announced 200 megawatt (“MW”), 12-year high-performance computing (“HPC”) hosting contracts entered into with CoreWeave on June 3, 2024.
By Core Scientific, Inc. · Via Business Wire · June 25, 2024
Core Scientific, Inc. to Webcast Investor and Analyst Presentation
Core Scientific, Inc. (NASDAQCORZ) ("Core Scientific" or “the Company”), one of the largest owners and operators of high-powered digital infrastructure for bitcoin mining and hosting services in North America, today announced it will webcast live its Investor and Analyst presentation on June 12, 2024. The presentation is scheduled to begin at approximately 11:15 am CT and end by approximately 1:15 pm CT, and will feature Chief Executive Officer Adam Sullivan, Chief Financial Officer Denise Sterling, Executive Vice President of Data Center Operations Matt Brown and other members of the management team.
By Core Scientific, Inc. · Via Business Wire · June 10, 2024
Core Scientific Rejects Unsolicited Proposal from CoreWeave
Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), one of the largest owners and operators of high-powered digital infrastructure for bitcoin mining and hosting services in North America, today confirmed that it received an unsolicited non-binding proposal from CoreWeave on June 3, 2024 to acquire all of the outstanding shares of the Company on a fully diluted basis for $5.75 per share in cash. This unsolicited proposal immediately followed Core Scientific and CoreWeave entering into a series of 12-year contracts for Core Scientific to provide approximately 200 MW of infrastructure to host CoreWeave’s high-performance compute (“HPC”) services.
By Core Scientific, Inc. · Via Business Wire · June 6, 2024
Core Scientific Announces May 2024 Production and Operations Updates
Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), one of the largest owners and operators of high-powered digital infrastructure for bitcoin mining and hosting services in North America, today released unaudited production and operations updates for May 2024.
By Core Scientific, Inc. · Via Business Wire · June 5, 2024
Core Scientific to Provide Approximately 200 MW of Infrastructure to Host CoreWeave’s High-Performance Computing Services, Capturing Significant AI Compute Opportunity
Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), one of the largest owners and operators of high-powered digital infrastructure for bitcoin mining and hosting services in North America, today announced the signing of a series of 12-year contracts with CoreWeave, the AI Hyperscaler.
By Core Scientific, Inc. · Via Business Wire · June 3, 2024
Core Scientific, Inc. to Participate in 19th Annual Needham Technology, Media, & Consumer Conference
Core Scientific, Inc. (NASDAQCORZ) ("Core Scientific" or “the Company”), a leader in bitcoin mining, specializing in application-specific digital infrastructure for emerging high-value compute, today announced its Chief Executive Officer, Adam Sullivan, will present at the 19th Annual Needham Technology, Media & Consumer conference on May 16, 2024 at 8:00 am Eastern Daylight Time.
By Core Scientific, Inc. · Via Business Wire · May 15, 2024
Core Scientific Announces Fiscal First Quarter 2024 Results
Core Scientific, Inc. (NASDAQCORZ), a leader in bitcoin mining, specializing in application-specific digital infrastructure for emerging high-value compute, today announced financial results for the fiscal first quarter of 2024. Net income was $210.7 million, as compared to a net loss of $0.4 million for the same period in 2023. Total revenue was $179.3 million, as compared to $120.7 million for the same period last year. Operating income was $55.2 million, as compared to $7.6 million for the same period in 2023. Adjusted EBITDA was $88.0 million, as compared to $40.3 million for the same period in the prior year.
By Core Scientific, Inc. · Via Business Wire · May 8, 2024
Core Scientific Announces April 2024 Production and Operations Updates
Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or “the Company”), a leader in bitcoin mining, specializing in application-specific digital infrastructure for emerging high-value compute, today released unaudited production and operations updates for April 2024.
By Core Scientific, Inc. · Via Business Wire · May 6, 2024
Core Scientific, Inc. Schedules First Quarter Fiscal Year 2024 Earnings Release, Conference Call and Webcast
Core Scientific, Inc. (NASDAQCORZ) ("Core Scientific" or “the Company”), a leader in bitcoin mining and application-specific digital infrastructure for emerging high-value compute, today announced it will issue financial results for the Company's first quarter fiscal year 2024 after financial markets close on Wednesday, May 8, 2024. Management will host a conference call and live audio webcast to discuss the results at 3:30 p.m. Central Time.
By Core Scientific, Inc. · Via Business Wire · May 3, 2024
Core Scientific to Expand its Denton, Texas Bitcoin Mining Data Center by 72 Megawatts
Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in bitcoin mining and application-specific digital infrastructure for emerging high-value compute, today announced the start of a project to complete a 72-megawatt expansion of the Company’s Denton, Texas data center.
By Core Scientific, Inc. · Via Business Wire · April 16, 2024
Core Scientific Files Registration Statement for Shares Held by Existing Shareholders
Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in bitcoin mining and application-specific digital infrastructure for emerging high-value compute, today announced the filing of a registration statement for 10.8 million shares held by existing shareholders.
By Core Scientific, Inc. · Via Business Wire · April 15, 2024
Core Scientific Announces March 2024 Production and Operations Updates
Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in bitcoin mining and application-specific digital infrastructure for emerging high-value compute, today released unaudited production and operations updates for March 2024.
By Core Scientific, Inc. · Via Business Wire · April 5, 2024
Core Scientific Announces Fiscal Fourth Quarter and Full Fiscal Year 2023 Results
Core Scientific, Inc. (NASDAQCORZ), a leader in bitcoin mining and digital infrastructure for emerging high-value compute, reported its financial results for the fiscal fourth quarter and year ended December 31, 2023.
By Core Scientific, Inc. · Via Business Wire · March 12, 2024
Core Scientific to Provide CoreWeave up to 16 MW of Data Center Infrastructure to Support AI and HPC Workloads in Long Term Hosting Contract with Potential Revenue of More than $100 Million
Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or “the Company”), a leader in bitcoin mining and digital infrastructure for emerging high-value compute, and CoreWeave, the leading specialized GPU cloud provider, today announced a multi-year contract for Core Scientific to supply up to 16 MW of data center infrastructure to CoreWeave. The total potential revenue associated with the contract is more than $100 million.
By Core Scientific, Inc. · Via Business Wire · March 6, 2024
Core Scientific, Inc. Schedules Full Fiscal Year 2023 Earnings Release, Conference Call and Webcast
Core Scientific, Inc. (NASDAQ: CORZ, CORZW, CORZZ) ("Core Scientific" or “the Company”), a leader in bitcoin mining and digital infrastructure for emerging high-value compute, today announced it will issue financial results for the Company's full fiscal year ended December 31, 2023 after financial markets close on Tuesday, March 12, 2024. Management will host a conference call and live audio webcast to discuss the results at 3:30 p.m. Central Time.
By Core Scientific, Inc. · Via Business Wire · March 5, 2024
Core Scientific Announces February 2024 Production and Operations Updates
Core Scientific, Inc. (Nasdaq: CORZ, CORZW, CORZZ) ("Core Scientific" or “the Company”), a leader in bitcoin mining and digital infrastructure for emerging high-value compute, today released production and operations updates for February 2024.
By Core Scientific, Inc. · Via Business Wire · March 5, 2024
Core Scientific Announces January 2024 Production and Operations Updates
Core Scientific, Inc. (Nasdaq: CORZ, CORZW, CORZZ) ("Core Scientific" or “the Company”), a leader in bitcoin mining and infrastructure for high-value compute, today released production and operations updates for January 2024.
By Core Scientific, Inc. · Via Business Wire · February 5, 2024
Core Scientific, Inc. Emerges from Chapter 11 with Strengthened Balance Sheet and Enhanced Competitive Position
Core Scientific, Inc. ("Core Scientific" or the “Company”), a leader in bitcoin mining and infrastructure for high-value compute, today announced it has successfully completed its reorganization pursuant to Chapter 11 of the United States Bankruptcy Code. The Company emerges from Chapter 11 with a strengthened balance sheet and expects to commence the listing of its common stock, tranche 1 warrants and tranche 2 warrants on the Nasdaq Global Select Market under the symbols CORZ, CORZW and CORZZ, respectively, on January 24, 2024.
By Core Scientific, Inc. · Via Business Wire · January 23, 2024
Core Scientific, Inc. Releases Webcast and Presentation with Updates on Chapter 11 Emergence
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today released a webcast by its CEO Adam Sullivan updating key elements of its emergence from Chapter 11, anticipated for January 23.
By Core Scientific, Inc. · Via Business Wire · January 22, 2024
Core Scientific, Inc. Plan of Reorganization Confirmed by Bankruptcy Court
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or the “Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) has confirmed the Company’s Chapter 11 plan of reorganization (the “Plan”). The Bankruptcy Court’s approval of the Plan clears the way for Core Scientific to emerge and re-list on Nasdaq by the end of January 2024.
By Core Scientific, Inc. · Via Business Wire · January 16, 2024
Core Scientific, Inc. to Present at 26th Annual Needham Growth Conference
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced CEO Adam Sullivan will present virtually at the 26th Annual Needham Growth Conference on Friday, January 19, 2024 at 1:30 P.M. Eastern Time.
By Core Scientific, Inc. · Via Business Wire · January 16, 2024
Core Scientific, Inc. Announces Final Results of Oversubscribed $55 Million Equity Rights Offering
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or the “Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced the final results of its $55 million Equity Rights Offering (“ERO”). The ERO was oversubscribed, and the aggregate subscriptions (including oversubscriptions) exceeded $55 million at which the ERO is capped.
By Core Scientific, Inc. · Via Business Wire · January 8, 2024
Core Scientific Announces December and Full Year 2023 Production and Operations Updates
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today released production and operations updates for December and for the full year 2023.
By Core Scientific, Inc. · Via Business Wire · January 5, 2024
Core Scientific, Inc. Announces Full Pay Down of Debtor-in-Possession Financing
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or the “Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced it has pre-paid the outstanding balance on the debtor-in-possession (“DIP”) financing package provided by B. Riley Financial (NASDAQRILY), the Company’s DIP lender. The Company retains access to the full $35 million of available funding under the DIP financing package and maintains a strong liquidity position heading toward emergence, which is targeted for mid to late-January 2024.
By Core Scientific, Inc. · Via Business Wire · January 4, 2024
Core Scientific, Inc. Announces Filing of Amended Plan of Reorganization and Extension of Equity Rights Offering Subscription Deadline
Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific“ or the “Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced the filing of an amended plan of reorganization (the “Plan”) and extension of the subscription deadline for its Equity Rights Offering to January 5, 2024.
By Core Scientific, Inc. · Via Business Wire · December 29, 2023
Core Scientific, Inc. Announces Agreement in Principle on Terms of Chapter 11 Global Plan Settlement with All Key Stakeholders and Extension of Equity Rights Offering Subscription Deadline
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or the “Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced it has reached an agreement in principle with all key stakeholders on the terms of a global settlement (the “Global Settlement”) of its Chapter 11 cases.
By Core Scientific, Inc. · Via Business Wire · December 21, 2023
How to Subscribe to Core Scientific’s Equity Rights Offering
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or the “Company”) today published a presentation providing detailed instructions for subscribing to its Equity Rights Offering (“ERO”).
By Core Scientific, Inc. · Via Business Wire · December 8, 2023
Core Scientific, Inc. Announces Extension of Equity Rights Offering Subscription Period to December 15
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or the “Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced the subscription deadline for its Equity Rights Offering (“ERO”) has been extended to December 15, 2023.
By Core Scientific, Inc. · Via Business Wire · December 7, 2023
Core Scientific Announces November 2023 Production and Operations Updates
Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific” or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today released production and operations updates for November 2023.
By Core Scientific, Inc. · Via Business Wire · December 5, 2023
Core Scientific, Inc. Releases Webcast with Key Highlights and Updates on Planned January Chapter 11 Emergence
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today released a webcast by its CEO Adam Sullivan outlining key elements of its planned emergence from Chapter 11 in early January.
By Core Scientific, Inc. · Via Business Wire · December 4, 2023
CORRECTING and REPLACING Core Scientific, Inc. Announces $55 Million Equity Rights Offering
Please replace the release with the following corrected version due to multiple revisions.
By Core Scientific, Inc. · Via Business Wire · November 20, 2023
Core Scientific, Inc. to Host Analyst and Investor Presentation
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced it will host an Investor and Analyst presentation on November 15, 2023. The presentation is scheduled to begin at 1:00 pm CT and end at 2:00 pm CT and will feature Chief Executive Officer Adam Sullivan, Chief Financial Officer Denise Sterling, Executive Vice President of Data Center Operations Matt Brown and other members of the management team.
By Core Scientific, Inc. · Via Business Wire · November 13, 2023
Core Scientific Announces October 2023 Production and Operations Updates
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today released production and operations updates for October 2023.
By Core Scientific, Inc. · Via Business Wire · November 6, 2023
Core Scientific Announces Agreement in Principle with Key Constituencies in its Chapter 11 Cases
Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific” or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced the Company and certain of its affiliates (collectively, the “Debtors”) have reached an agreement in principle (the “Restructuring Term Sheet”) with the Ad Hoc Noteholder Group and the Equity Committee regarding the terms of a chapter 11 plan of reorganization. The agreement in principle is subject to the finalization of the Debtors’ Third Amended Joint Chapter 11 Plan of Reorganization of Core Scientific, Inc. and its Debtor Affiliates and a related Disclosure Statement, and the execution of a restructuring support agreement (the “Restructuring Support Agreement”) and other definitive documentation, which the Debtors expect to enter into with the Ad Hoc Noteholder Group and the Equity Committee in the coming days. The Restructuring Support Agreement, if and when executed by the Debtors, the Ad Hoc Noteholder Group and the Equity Committee, is expected to include terms consistent with those terms set forth in the Restructuring Term Sheet.
By Core Scientific, Inc. · Via Business Wire · October 30, 2023
Core Scientific Announces September 2023 Production and Operations Updates
Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific” or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today released production and operations updates for September 2023.
By Core Scientific, Inc. · Via Business Wire · October 5, 2023
Bitmain to Invest $54 Million in Core Scientific, Inc. as Part of New Supply Contract
World Digital Mining Summit – Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific” or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced Bitmain, the world’s leading manufacturer of digital currency mining servers, has agreed to invest $53.9 million in the Company, expanding the two companies’ longstanding relationship.
By Core Scientific, Inc. · Via Business Wire · September 21, 2023
Core Scientific, Inc. and Celsius Mining LLC Enter into Purchase Agreement for Core Scientific’s Texas Data Center Site, Agree to Settle All Existing Litigation
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, and Celsius Mining LLC, Bitcoin mining subsidiary of Celsius Network (“Celsius”), today announced an agreement to sell Core Scientific’s Ward County, Texas (“Cedarvale”) Bitcoin mining data center site to Celsius and to settle all existing litigation between the two parties for total cash consideration of $14 million.
By Core Scientific, Inc. · Via Business Wire · September 15, 2023
Core Scientific, Inc. to Present at H.C. Wainwright 25th Annual Global Investment Conference
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain data centers and software solutions, today announced that CEO Adam Sullivan will present at the H.C. Wainwright Global Investment Conference in New York City today, September 12, at 11:30 AM ET.
By Core Scientific, Inc. · Via Business Wire · September 12, 2023
Core Scientific, Inc. to Participate in H.C. Wainwright Global Investment Conference
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain data centers and software solutions, today announced that CEO Adam Sullivan will present at the H.C. Wainwright Global Investment Conference in New York City on September 12 at 12:30 PM ET.
By Core Scientific, Inc. · Via Business Wire · September 8, 2023
Core Scientific Announces August 2023 Production and Operations Updates
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today released production and operations updates for August 2023.
By Core Scientific, Inc. · Via Business Wire · September 7, 2023
Core Scientific Announces July 2023 Production and Operations Updates
Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific” or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced production and operations updates for July 2023.
By Core Scientific, Inc. · Via Business Wire · August 7, 2023
Core Scientific, Inc. Appoints Adam Sullivan as CEO to Lead the Company’s Next Phase of Growth
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced Adam Sullivan has been appointed Chief Executive Officer. Adam assumes the CEO position after serving as President of Core Scientific. Mike Levitt will continue as the Chairman of the Board of Directors.
By Core Scientific, Inc. · Via Business Wire · August 4, 2023
Core Scientific Announces June 2023 Production and Operations Updates
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced production and operations updates for June 2023.
By Core Scientific, Inc. · Via Business Wire · July 5, 2023
Core Scientific Announces May 2023 Production and Operations Updates
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced production and operations updates for May 2023.
By Core Scientific, Inc. · Via Business Wire · June 5, 2023
Core Scientific Announces April 2023 Production and Operations Updates
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced production and operations updates for April 2023.
By Core Scientific, Inc. · Via Business Wire · May 5, 2023
Core Scientific Signs Hosting Contracts with Three Public Companies During Reorganization – Maintains Industry Position as One of North America’s Largest Bitcoin Miners
Core Scientific, Inc. (“Core Scientific” or the “Company”) (OTC: CORZQ), a leader in high-performance blockchain computing data centers and software solutions, today announced agreements to host 17,935 Bitcoin mining machines at Core Scientific’s state-of-the-art facilities with three companies, including 6,914 units for Greenidge Generation Holdings (NASDAQGREE), 10,000 units for Ault Alliance (NYSE American: AULT), and 1,021 units for LM Funding NASDAQ: LMFANASDAQLMFA)
By Core Scientific, Inc. · Via Business Wire · April 28, 2023
Core Scientific Announces March 2023 Production and Operations Updates
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced production and operations updates for March 2023.
By Core Scientific, Inc. · Via Business Wire · April 5, 2023
Core Scientific Announces February 2023 Production and Operations Updates
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced production and operations updates for February 2023.
By Core Scientific, Inc. · Via Business Wire · March 8, 2023
Core Scientific Announces January 2023 Production and Operational Updates
Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced production and operational updates for January 2023.
By Core Scientific, Inc. · Via Business Wire · February 6, 2023