Core Scientific, Inc. - Common Stock (CORZ)

Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-performance computing (HPC), today announced that Jim Nygaard will succeed Denise Sterling as Executive Vice President and Chief Financial Officer (CFO), effective March 17, 2025. This appointment follows the Company’s previously announced CFO transition plan.

Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-performance computing (HPC) at scale, today announced an expansion of its relationship with CoreWeave, an AI Hyperscaler. The new agreement brings an additional $1.2 billion in contracted revenue across Core Scientific’s Denton TX location, solidifying Core Scientific’s position as a premier provider of application-specific data centers for HPC workloads.

Core Scientific, Inc. (NASDAQCORZ), a leader in digital infrastructure for bitcoin mining and HPC, today announced financial results for the fiscal fourth quarter of 2024. Net loss was $265.5 million, as compared to a net loss of $195.7 million for the same period in 2023. Total revenue was $94.9 million, as compared to $141.9 million for the same period last year. Operating loss was $39.8 million, as compared to Operating income of $3.9 million for the same period in 2023. Adjusted EBITDA was $13.3 million, as compared to $56.7 million for the same period in the prior year. Fourth quarter net loss of $265.5 million resulted primarily from a net $224.7 million non-cash mark-to-market adjustment in the value of our tranche 1 and tranche 2 warrants and other contingent value rights required as a result of the significant quarter-over-quarter increase in our share price.

Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, today announced it will issue financial results for the Company's fiscal year 2024 fourth quarter after financial markets close on Wednesday, February 26, 2025. Management will host a conference call and live audio webcast to discuss the results at 3:30 p.m. Central Time.

Core Scientific Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-performance compute at scale, today announced its expansion into Auburn, Alabama, with a new high-performance computing facility at 1571 W Samford Ave.

Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, today released unaudited production and operations updates for January 2025.

Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for high-performance computing and digital asset mining, today announced the appointment of Scott Brueggeman as Chief Marketing Officer. With over 20 years of experience in digital infrastructure and technology businesses, Brueggeman will play a pivotal role in strengthening the company’s brand presence, driving growth, and expanding market opportunities.

Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or “the Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, today released unaudited production and operations updates for December 2024.

Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, today released unaudited production and operations updates for November 2024.

EQNX::TICKER_START (NYSEKULR),NASDAQ:NVDANASDAQNVDA)(NASDAQ:CORZNASDAQCORZ,(NASDAQ:CLSKNASDAQ),(NASDAQ:COINCOIN) EQNX::TICKER_END

Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced the pricing of its offering of $550 million aggregate principal amount of 0.00% convertible senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $500 million aggregate principal amount of notes. The issuance and sale of the notes are scheduled to settle on December 5, 2024, subject to customary closing conditions. Core Scientific also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $75 million principal amount of notes.

PALM BEACH, Fla., Dec. 10, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Due to the high computational needs of Artificial Intelligence (AI) and media applications, data centers are being increasingly deployed worldwide. These data centers consume a massive amount of power, generating a significant amount of heat, further creating the need for various efficient cooling systems. The data center cooling market is expected to show substantial growth due to the increase in digitization worldwide, which will lead to greater computer performance and require a larger number of integrated small chips. The design of data centers and the need to cool them are mainly influenced by powerful computer hardware for AI workloads. Manufacturers are introducing large silicon chips to optimize the performance of artificial intelligence and high-performance computing workloads. The use of powerful GPUs in artificial intelligence and high-performance computing environments supports the need for data center cooling technologies. A recent report from ReserachAndMarkets projected that the Data Center Cooling Market size is estimated at USD 16.56 billion in 2024, and is expected to reach USD 34.51 billion by 2029, growing at a CAGR of 15.82% during the forecast period (2024-2029). The report said: “The exponential growth of data generated by information technology significantly necessitates efficient data centers, driving demand for advanced cooling solutions. As data centers expand to accommodate increasing workloads and storage demands, the heat generated becomes a significant matter of concern, creating a demand for effective cooling solutions.” Active companies in news today include: KULR Technology Group, Inc. (NYSEKULR), NVIDIA NASDAQ: NVDANASDAQNVDA)(NASDAQ: CORZNASDAQCORZ, CleanSpark Inc. (NASDAQ: CLSKNASDAQ), Coinbase Global, Inc. (NASDAQ: COINCOIN).

Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced its intention to offer, subject to market and other conditions, $500 million aggregate principal amount of convertible senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Core Scientific also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $75 million principal amount of notes.

Core Scientific Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, today announced the Denton City Council’s approval of amendments to the Company’s Power Purchase Agreements and land leases. The approval came during the Council’s November 19 meeting.

Core Scientific Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, CoreWeave, the AI hyperscaler, and Port Muskogee broke ground today on Core Scientific’s newest state-of-the-art, high-performance computing data center. The 100-megawatt facility will host CoreWeave’s NVIDIA GPUs for an undisclosed client.

Core Scientific, Inc. (NASDAQCORZ), a leader in digital infrastructure for bitcoin mining and HPC, today announced financial results for the fiscal third quarter of 2024. Net loss was $455.3 million, as compared to a net loss of $41.1 million for the same period in 2023. Total revenue was $95.4 million, as compared to $112.9 million for the same period last year. Operating loss was $41.2 million, as compared to a loss of $12.0 million for the same period in 2023. Adjusted EBITDA was $10.1 million, as compared to $27.8 million for the same period in the prior year. Third quarter net loss resulted from a net $408.5 million mark-to-market adjustment in the value of our tranche 1 and tranche 2 warrants and other contingent value rights required as a result of the significant quarter-over-quarter increase in the value of our equity.

Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today released unaudited production and operations updates for October 2024.

Core Scientific, Inc. (NASDAQCORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced it will issue financial results for the Company's fiscal year 2024 third quarter after financial markets close on Wednesday, November 6, 2024. Management will host a conference call and live audio webcast to discuss the results at 3:30 p.m. Central Time.

Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced that CoreWeave, the AI Hyperscaler, has exercised its final option to contract for additional infrastructure pursuant to the terms provided as part of the previously announced 200 megawatt (“MW”) hosting contract for high performance computing (“HPC”) entered into with CoreWeave on June 3, 2024.

Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today released unaudited production and operations updates for September 2024.

Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced a 30-day extension of CoreWeave’s remaining option to contract 118 megawatts of infrastructure for high-performance computing (“HPC”).

Core Scientific, Inc. (NASDAQCORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced that Denise Sterling has decided to step down from her role as Executive Vice President and Chief Financial Officer effective May 1, 2025 or as soon as a permanent successor has been identified.

Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today released unaudited production and operations updates for August 2024.

Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced that management will participate in the following investor conferences in the month of September:

Core Scientific (NASDAQCORZ), a leader in digital infrastructure for bitcoin mining and high-performance computing, has repaid a total of $267 million in debt with proceeds from its recently closed convertible senior notes issue. According to the announcement, the company repaid $150 million in secured notes, $61 million in an exit facility and $56 million in miner equipment loans, in addition to interest and other fees. The repayment reduced interest rates from approximately 12.5% to 3%.