Core Scientific Inctx
For the period ended Mar 31, 2024. Filed May 9, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
CORZ$12.72+8.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations (Unaudited)
Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue: | ||
| Digital asset mining revenue | $149,959 | $98,026 |
| Hosting revenue from customers | 29,332 | 18,909 |
| Hosting revenue from related parties | — | 3,720 |
| Total revenue | 179,291 | 120,655 |
| Cost of revenue: | ||
| Cost of digital asset mining | 81,564 | 72,676 |
| Cost of hosting services | 20,081 | 16,198 |
| Total cost of revenue | 101,645 | 88,874 |
| Gross profit | 77,646 | 31,781 |
| Gain from sales of digital assets | 543 | 1,064 |
| Impairment of digital assets | — | (1,056) |
| Change in fair value of energy derivatives | (2,218) | — |
| Losses on disposal of property, plant and equipment | (3,820) | — |
| Operating expenses: | ||
| Research and development | 1,799 | 1,415 |
| Sales and marketing | 982 | 1,008 |
| General and administrative | 14,143 | 21,764 |
| Total operating expenses | 16,924 | 24,187 |
| Operating income | 55,227 | 7,602 |
| Non-operating (income) expenses, net: | ||
| Loss (gain) on debt extinguishment | 50 | (20,761) |
| Interest expense, net | 14,087 | 157 |
| Reorganization items, net | (111,439) | 31,559 |
| Change in fair value of warrant and contingent value rights | (60,114) | — |
| Other non-operating expense (income), net | 1,746 | (3,069) |
| Total non-operating (income) expenses, net | (155,670) | 7,886 |
| Income (loss) before income taxes | 210,897 | (284) |
| Income tax expense | 206 | 104 |
| Net income (loss) | $210,691 | $(388) |
| Net income (loss) per share (Note 12): | ||
| Basic | $0.91 | $— |
| Diluted | $0.78 | $— |
| Weighted average shares outstanding: | ||
| Basic | 230,954 | 375,419 |
| Diluted | 282,531 | 375,419 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.