Core Scientific Inc

Earnings data Q4 2021

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Core Scientific excels in Q1 earnings, eyes HPC expansion

Core Scientific's Q1 2024 Earnings Call highlighted robust financial performance, strategic infrastructure investments, and a focus on growth funding. The company aims to secure prepayments from clients for future growth funding and targets high EBITDA margins. With a strong market position in bitcoin mining, Core Scientific is poised for continued growth and expansion.

Core Scientific reports robust Q2 revenue, eyes growth in digital infrastructure

Core Scientific's Q2 performance reflects strong revenue generation and operational progress, despite a significant net loss driven by mark-to-market adjustments.
The company's strategic focus on digital infrastructure for bitcoin mining and HPC hosting positions it well for future growth and innovation.
To capitalize on opportunities and address challenges, Core Scientific is actively pursuing debt reduction, liquidity enhancement, and strategic growth initiatives.

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Core Scientific, Inc. engages in the business of operating a purpose-built facility for digital asset mining and provision of blockchain infrastructure, software solutions, and services. It operates under the Mining and Hosting segments. The Mining segment focuses on bitcoin mining for the company's own account. The Hosting segment includes blockchain infrastructure and third-party hosting business. The company was founded by Michael Jeffrey Levitt and Darin Feinstein on December 13, 2017 and is headquartered in Dover, DE.

Los Angeles, California--(Newsfile Corp. - January 3, 2023) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Core Scientific, Inc. ("Core Scientific" or "the Company") (NASDAQ: CORZ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

SHAREHOLDER ACTION REMINDER: The Schall Law Firm Encourages Investors in Core Scientific, Inc. with Losses of $100,000 to Contact the Firm

Los Angeles, California--(Newsfile Corp. - January 2, 2023) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Core Scientific, Inc. ("Core Scientific" or "the Company") (NASDAQ: CORZ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Core Scientific, Inc. with Losses of $100,000 to Contact the Firm

NEW YORK , Dec. 31, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Core Scientific, Inc. (NASDAQ: CORZ) between January 3, 2022 and October 26, 2022, both dates inclusive (the "Class Period"), of the important January 13, 2023 lead plaintiff deadline. SO WHAT: If you purchased Core Scientific securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, NATIONAL TRIAL COUNSEL, Encourages Core Scientific, Inc. Investors with Losses to Secure Counsel Before Important January 13 Deadline in Securities Class Action - CORZ

Los Angeles, California--(Newsfile Corp. - December 29, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Core Scientific, Inc. ("Core Scientific" or "the Company") (NASDAQ: CORZ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

INVESTOR ACTION REMINDER: The Schall Law Firm Encourages Investors in Core Scientific, Inc. with Losses of $100,000 to Contact the Firm

Did you lose money on investments in Core Scientific? If so, please visit Core Scientific, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.

CORE SCIENTIFIC, INC. (CORZ) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Reminds Investors Of the Deadline to File a Lead Plaintiff Motion In a Securities Class Action Lawsuit Against Core Scientific, Inc. (CORZ)

New York, New York--(Newsfile Corp. - December 28, 2022) - Levi & Korsinsky, LLP notifies investors in Core Scientific, Inc. ("Core Scientific" or the "Company") (NASDAQ: CORZ) of a class action securities lawsuit.The lawsuit on behalf of Core Scientific investors has been commenced in the the United States District Court for the Western District of Texas. Affected investors purchased or otherwise acquired certain Core Scientific, Inc.

Core Scientific Class Action: Levi & Korsinsky Reminds Core Scientific, Inc. Investors Of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of January 13, 2023 - CORZ

New York, New York--(Newsfile Corp. - December 28, 2022) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Core Scientific, Inc. (NASDAQ: CORZ) between January 3, 2022 and October 26, 2022, both dates inclusive (the "Class Period"), of the important January 13, 2023 lead plaintiff deadline.

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Core Scientific, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action - CORZ

New York, New York--(Newsfile Corp. - December 27, 2022) - Levi & Korsinsky, LLP notifies investors in Core Scientific, Inc. ("Core Scientific" or the "Company") (NASDAQ: CORZ) of a class action securities lawsuit.The lawsuit on behalf of Core Scientific investors has been commenced in the the United States District Court for the Western District of Texas. Affected investors purchased or otherwise acquired certain Core Scientific, Inc.

Core Scientific Class Action: Levi & Korsinsky Reminds Core Scientific, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 13, 2023 - CORZ

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NEW YORK , Dec. 23, 2022 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Core Scientific, Inc. (NASDAQ: CORZ) between January 3, 2022 and October 26, 2022, both dates inclusive (the "Class Period"), of the important January 13, 2023 lead plaintiff deadline. SO WHAT: If you purchased Core Scientific securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, A TOP RANKED LAW FIRM, Encourages Core Scientific, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - CORZ

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Core Scientific filed for Chapter 11 bankruptcy protection at the Southern District of Texas court, Bloomberg Law reported Wednesday.

Core Scientific Shares Drop 26% as Crypto Miner Files for Bankruptcy

The stock price of Core Scientific (CORZ) plummeted over 55% intraday today. This is why.

Why The Core Scientific (CORZ) Stock Plummeted Over 55%

Bitcoin ( BTC-USD ) miners have found themselves limping along through 2022. Unlike the miners of precious metals and other rare commodities, crypto miners are subjected to the wild price fluctuations of their wares.

CORZ Stock Plummets as Core Scientific Files for Chapter 11 Bankruptcy

(Kitco News) - Core Scientific, the largest Bitcoin miner by computing power, announced early Wednesday morning that they have filed for Chapter 11 bankruptcy, making them the first publicly-traded crypto miner to do so. The filing was made in the U.S. Bankruptcy Court for the Southern District of Texas.

Core Scientific files for bankruptcy citing rising energy costs and lower Bitcoin prices

Voluntarily Files for Reorganization under Chapter 11 Will Enable the Company to Continue to Operate Normally While Navigating the Challenges Facing Its Industry AUSTIN, Texas , Dec. 21, 2022 /PRNewswire/ -- Core Scientific, Inc. (NASDAQ: CORZ)("Core Scientific" or "the Company"), a leader in high-performance blockchain computing data centers today announced that, after a comprehensive review of potential alternatives and exhaustive discussions with various Company stakeholders, the Company expects to enter into a restructuring support agreement (the "Restructuring Support Agreement") with the Ad Hoc Noteholder Group, representing more than 50% of the holders of its convertible notes.  To implement the comprehensive restructuring transaction contemplated by the Restructuring Support Agreement, on December 21, 2022, the Company filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas.

Core Scientific Announces Comprehensive Restructuring Transaction

Nasdaq-quoted bitcoin miner Core Scientific is in the process of filing for Chapter 11 bankruptcy protection before the Texas courts, according to a CNBC report. Core Scientific's network of Texas-based data centres was once among the most powerful bitcoin miners in the world, yet the bankruptcy filing comes as little surprise.

Bitcoin miner Core Scientific filed for Chapter 11 bankruptcy protection

Core Scientific Inc , one of the biggest publicly traded crypto mining companies in the United States, will soon file for Chapter 11 bankruptcy protection, CNBC reported, citing one person familiar with the matter.

Bitcoin miner Core Scientific to file for Chapter 11 bankruptcy- CNBC

Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., is filing for bankruptcy protection.

Bitcoin miner Core Scientific is filing for Chapter 11 bankruptcy — but plans to keep mining

New York, New York--(Newsfile Corp. - December 20, 2022) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Core Scientific, Inc. (NASDAQ: CORZ) between January 3, 2022 and October 26, 2022, both dates inclusive (the "Class Period"), of the important January 13, 2023 lead plaintiff deadline.

ROSEN, A RESPECTED AND LEADING FIRM, Encourages Core Scientific, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - CORZ

New York, New York--(Newsfile Corp. - December 19, 2022) - Levi & Korsinsky, LLP notifies investors in Core Scientific, Inc. ("Core Scientific" or the "Company") (NASDAQ: CORZ) of a class action securities lawsuit.The lawsuit on behalf of Core Scientific investors has been commenced in the the United States District Court for the Western District of Texas. Affected investors purchased or otherwise acquired certain Core Scientific, Inc.

CORZ LAWSUIT ALERT: Levi & Korsinsky Notifies Core Scientific, Inc. Investors Of a Class Action Lawsuit and Upcoming Deadline

New York, New York--(Newsfile Corp. - December 17, 2022) - Pomerantz LLP is investigating claims on behalf of investors of Core Scientific, Inc. ("Core" or the "Company") (NASDAQ: CORZ). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether Core and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Core Scientific, Inc. - CORZ

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Shares in Core Scientific (NASDAQ: CORZ ), a Bitcoin ( BTC-USD ) miner that is threatened with bankruptcy, jumped on the possibility of a lifeline. B. Riley Financial, which says it is owed $42 million, issued an open letter to shareholders saying bankruptcy is not the answer to Core's problems.

Why Is Core Scientific (CORZ) Stock Up 40% Today?

Embattled bitcoin miner Core Scientific has been offered US$72mln lifeline from existing creditor B Riley in order to avoid bankruptcy. The cash injection would give Core Scientific – which already has a US$42mln outstanding loan with B Riley – a two-year cash runway for the company to turn its fortunes around.

News for Core Scientific Inc Stock (CORZ)