Core Scientific Inc 2025年季度报告

For the quarterly period endedMarch31, 2025ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromtoCommission file number001-40046 Core Scientific, Inc. 838 Walker RoadSuite 21-2105 Dover,Delaware(Address of Principal Executive Offices) company” in Rule 12b-2 of the Exchange Act.Large accelerated filer☒Accelerated filer☐☐☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes☒ As of May2, 2025,297,821,835shares of Common Stock, par value $0.00001, were outstanding. TABLE OF CONTENTSPart I. Financial Information Other Information Exhibits 3 This Quarterly Report on Form 10-Q, including, without limitation, statements under Part I. Item 2. —“Management’s Discussion and Analysisof Financial Condition and Results of Operations,” includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,as amended, (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”). Forward-lookingstatements may be identified by the use of words such as “ability,” “aim,” “assume,” “estimate,” “plan,” “possible,” “project,” “forecast,” “goal,”“opportunity,” “intend,” “will,” “expect,” “anticipate,” “believe,” “enable,” “seek,” “target” or other similar expressions that predict or indicate future Three Months Ended March 31,2025Cash flows from Operating Activities: Net income$580,693$Adjustments to reconcile net income to net cash (used in) provided by operating activities:Depreciation and amortization19,731Losses on exchange or disposal of property, plant and equipment6Amortization of operating lease right-of-use assets2,676Stock-based compensation16,185 Gain from sale of digital assets—Change in fair value of energy derivatives—Change in fair value of warrant liabilities(634,280)Change in fair value of contingent value rights12,816Loss on debt extinguishment—Amortization of debt discount1,732Non-cash reorganization items— Accrued expenses and otherDeferred revenue from colocation services Deferred revenue from hosted mining servicesOther noncurrent assets and liabilities, net Purchase of equity investmentsInvestments in internally developed software (36)Net cash used in investing activities(93,458)Cash flows from Financing Activities:Principal repayments of finance leases(509) Proceeds from issuance of new common stockProceeds from draw from exit facility Restricted stock tax holding obligations—Proceeds from exercise of stock options—Net cash (used in) provided by financing activities(4,198)Net (decrease) increase in cash, cash equivalents and restricted cash(138,255) Certain prior year amounts have been reclassified for consistency with the current year presentation. See accompanying notes to unaudited condensed consolidated financial statements. Proceeds from digital assets received as noncash revenue consideration liquidated nearly immediately after receipt as a routine operating activity. Core Scientific, Inc. (“Core Scientific” or the “Company”) is a leader in digital infrastructure for high-density colocation services and digital assetmining of bitcoin. We operate dedicated, purpose-built facilities for digital asset mining and are a premier provider of digital infrastructure, softwaresolutions and services to our third-party customers. We employ our own large fleet of computers (“miners”) to earn digital assets for our own account. We provide hosting services for large bitcoin mining customers and are in the process of allocating and converting a significant portion of ourtendata centersinAlabama (1),Georgia (2), Kentucky (1), North Carolina (1), North Dakota (1), Oklahoma (1), and Texas (3) to support artificial intelligence-relatedworkloads under a series of contracts that entail the modification of certain of our data centers to deliver next generation colocation services. We derive themajority of our revenue from earning bitcoin for our own account (“self-mining”).The Company has historically focused on designing, developing and operating digital infrastructure to engage in digital asset mining for its own We currently operate inthreesegments: “Digital Asset Self-Mining,” consisting of digital asset mining for our own account, “Digital Asset HostedMining,” consisting of our digital infrastructure and third-party hosting services for digital asset mining, and “Colocation,” consisting of providing high-density colocation services to third parties for GPU-based HPC operations. Prior to April 1, 2024, we operated only in the Digit