Core Scientific Inctx
For the period ended Mar 31, 2025. Filed May 7, 2025.
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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$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
Table of Contents
| Page | ||
|---|---|---|
| Part I. Financial Information | ||
| Item 1. | Financial Statements | 5 |
| Condensed Consolidated Balance Sheets (Unaudited) | 6 | |
| Condensed Consolidated Statements of Operations (Unaudited) | 7 | |
| Condensed Consolidated Statements of Changes in Stockholders’ Deficit (Unaudited) | 8 | |
| Condensed Consolidated Statements of Cash Flows (Unaudited) | 10 | |
| Notes to Unaudited Condensed Consolidated Financial Statements | 11 | |
| 1 — Organization and Description of Business | 11 | |
| 2 — Summary of Significant Accounting Policies | 11 | |
| 3 — Property, Plant, and Equipment | 17 | |
| 4 — Leases | 17 | |
| 5 — Convertible and Other Notes Payable | 20 | |
| 6 — Contingent Value Rights and Warrant Liabilities | 21 | |
| 7 — Fair Value Measurements | 22 | |
| 8 — Commitments and Contingencies | 23 | |
| 9 — Income Taxes | 25 | |
| 10 — Stockholders' Deficit | 26 | |
| 11 — Net Income Per Share | 27 | |
| 12 — Segment Reporting | 28 | |
| 13 — Supplemental Cash Flow and Noncash Information | 32 | |
| Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 32 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 53 |
| Item 4. | Controls and Procedures | 54 |
| Part II. Other Information | ||
| Item 1. | Legal Proceedings | 54 |
| Item 1A. | Risk Factors | 54 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 55 |
| Item 3. | Defaults Upon Senior Securities | 55 |
| Item 4. | Mine Safety Disclosures | 55 |
| Item 5. | Other Information | 55 |
| Item 6. | Exhibits | 56 |
| Signatures | 57 | |
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