Core Scientific, Inc./tx

For the period ended Sep 30, 2025. Filed Oct 24, 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.

Sep 30, 2025 · Filed Oct 24, 2025

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

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Contents

3 — Property, Plant, and Equipment

PROPERTY, PLANT, AND EQUIPMENT

Property, plant and equipment, net as of September 30, 2025 and December 31, 2024 consist of the following (in thousands):

	September 30, 2025	December 31, 2024	Estimated Useful Lives
Land and improvements1	$49,221	$23,667	20 years
Building and improvements	279,530	256,086	10 to 39 years
Mining and network equipment	390,848	414,173	3 to 5 years
Electrical equipment	82,470	82,598	15 years
Other property, plant and equipment	3,087	2,884	5 to 7 years
Total	805,156	779,408
Less: accumulated depreciation and amortization	415,047	385,922
Total	390,109	393,486
Add: Construction in progress	688,694	162,856
Property, plant and equipment, net	$1,078,803	$556,342

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

Depreciation expense for the three months ended September 30, 2025 and 2024, was $16.1 million and $28.5 million, respectively, and for the nine months ended September 30, 2025 and 2024, was $54.3 million and $86.6 million, respectively.

During the three months ended September 30, 2025 and 2024, $35.4 million and $0.4 million, respectively, of construction in progress was placed into service. During the nine months ended September 30, 2025 and 2024, $47.5 million and $140.3 million, respectively, of construction in progress was placed into service.

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