Core Scientific, Inc./tx

For the period ended Jun 30, 2025. Filed Aug 8, 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.

Jun 30, 2025 · Filed Aug 8, 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 June 30, 2025 and December 31, 2024 consist of the following (in thousands):

	June 30, 2025	December 31, 2024	Estimated Useful Lives
Land and improvements1	$28,180	$23,667	20 years
Building and improvements	247,266	256,086	10 to 39 years
Mining and network equipment	396,318	414,173	3 to 5 years
Electrical equipment2	79,299	82,598	15 years
Other property, plant and equipment	3,085	2,884	5 to 7 years
Total	754,148	779,408
Less: accumulated depreciation and amortization3	403,050	385,922
Total	351,098	393,486
Add: Construction in progress	477,505	162,856
Property, plant and equipment, net	$828,603	$556,342

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

2 Includes finance lease assets of $7.9 million and $8.5 million at June 30, 2025 and December 31, 2024, respectively.

3 Includes accumulated amortization for assets under finance leases of $2.9 million and $3.0 million at June 30, 2025 and December 31, 2024, respectively.

Depreciation expense, including amortization of finance lease assets, for the three months ended June 30, 2025 and 2024, was $18.6 million and $29.3 million, respectively, and for the six months ended June 30, 2025 and 2024, was $38.1 million and $58.1 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.