Core Scientific, Inc./tx
For the period ended Jun 30, 2026. Filed Jul 28, 2026.
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.
Jun 30, 2026 · Filed Jul 28, 2026
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 exhibitsContents
Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from Operating Activities: | ||
| Net loss | $(1,502,498) | $(360,548) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 32,146 | 38,487 |
| Loss on disposal of property, plant and equipment | 14,911 | 4,172 |
| Loss on remeasurement of assets held for sale | 19,495 | — |
| Impairment of property, plant and equipment | 266,488 | — |
| Change in operating lease right-of-use assets | 6,400 | 5,404 |
| Stock-based compensation | 36,001 | 40,355 |
| Digital asset self-mining revenue | (51,640) | (129,769) |
| Proceeds from sales of digital assets generated by self-mining revenues(1) | 208,249 | — |
| Loss (gain) on fair value of digital assets | 15,926 | (19,109) |
| Change in fair value of warrants and contingent value rights | 1,076,314 | 288,494 |
| Loss on debt extinguishment | 5,435 | 1,377 |
| Changes in operating assets and liabilities: | ||
| Customer funding receivable and other current assets | (81,842) | (207,550) |
| Accounts payable | (35,594) | 133,531 |
| Accrued expenses | 155,200 | 70,826 |
| Deferred revenue from colocation services | 98,409 | 131,293 |
| Other operating assets and liabilities, net | (32,451) | (8,004) |
| Net cash provided by (used in) operating activities | 230,949 | (11,041) |
| Cash flows from Investing Activities: | ||
| Purchases of property, plant and equipment | (954,244) | (205,259) |
| Proceeds from sales of property and equipment | 3,927 | 1,671 |
| Acquisitions of land and development rights | (232,500) | — |
| Other investing activities | (74) | (5,036) |
| Net cash used in investing activities | (1,182,891) | (208,624) |
| Cash flows from Financing Activities: | ||
| Debt extinguishment payments | (1,000,000) | (26,862) |
| Proceeds from the issuance of debt | 4,275,250 | — |
| Debt issuance costs | (48,143) | — |
| Taxes paid related to net share settlement of equity awards | (35,310) | — |
| Principal payments on debt | — | (8,613) |
| Other financing activities | 158 | (495) |
| Net cash provided by (used in) financing activities | 3,191,955 | (35,970) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 2,240,013 | (255,635) |
| Cash, cash equivalents and restricted cash—beginning of period | 311,378 | 836,980 |
| Cash, cash equivalents and restricted cash—end of period | $2,551,391 | $581,345 |
| Supplemental disclosure of other cash flow information: | ||
| Cash paid for interest, net of capitalized interest | $12,846 | $8,386 |
| Income tax payments | $652 | $457 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Purchases of property, plant and equipment in accounts payable and accrued expense | $127,520 | $129,904 |
| Reclass of property, plant and equipment to Held for Sale | $33,286 | $— |
| Operating lease right-of-use assets obtained in exchange for lease obligations | $13,440 | $109 |
|---|---|---|
| Non-cash exercise of warrants | $1,458 | $19,559 |
| Reconciliation of cash, cash equivalents, and restricted cash within the Condensed Consolidated Balance Sheets to the amounts shown in the Condensed Consolidated Statements of Cash Flows above: | ||
| Cash and cash equivalents | $1,769,735 | $581,345 |
| Restricted cash, current portion | 165,745 | — |
| Restricted cash, net of current portion | 615,911 | — |
| Total cash, cash equivalents and restricted cash | $2,551,391 | $581,345 |
(1)Proceeds from digital assets received as non-cash revenue consideration liquidated upon management's discretion.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.