Core Scientific Inctx

For the period ended Mar 31, 2025. Filed May 7, 2025.

About 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, 2025 · Filed May 7, 2025

CORZ$13.13+3.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

3 — Property, Plant, and Equipment

PROPERTY, PLANT, AND EQUIPMENT

Property, plant and equipment, net as of March 31, 2025 and December 31, 2024 consist of the following (in thousands):

	March 31, 2025	December 31, 2024	Estimated Useful Lives
Land and improvements1	$25,151	$23,667	20 years
Building and improvements	256,324	256,086	10 to 39 years
Mining and network equipment	414,038	414,173	3 to 5 years
Electrical equipment2	82,240	82,598	5 to 15 years
Other property, plant and equipment3	2,958	2,884	5 to 7 years
Total	780,711	779,408
Less: accumulated depreciation and amortization4	407,184	385,922
Total	373,527	393,486
Add: Construction in progress	276,764	162,856
Property, plant and equipment, net	$650,291	$556,342

1 Estimated useful life of improvements. Land is not depreciated.

2 Includes finance lease assets of $8.5 million and $8.5 million at March 31, 2025 and December 31, 2024, respectively.

3 Includes finance lease assets of $0.4 million and $0.4 million at March 31, 2025 and December 31, 2024, respectively.

4 Includes accumulated amortization for assets under finance leases of $3.2 million and $3.0 million at March 31, 2025 and December 31, 2024, respectively.

Depreciation expense, including amortization of finance lease assets, for the three months ended March 31, 2025 and 2024, was $19.5 million and $28.8 million, respectively.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.