Core Scientific Inc 2025年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2025OR ☐TRANSITION 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. (Exact name of registrant as specified in its charter) 838 Walker RoadSuite 21-2105Dover,Delaware(Address of Principal Executive Offices)19904(Zip Code)(512)402-5233(Registrant's telephone number, including area code) Table of Contents Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth Large accelerated filer☒Accelerated filerNon-accelerated filer☐Smaller reporting company 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☒Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the SecuritiesExchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes☒No☐ As of May2, 2025,297,821,835shares of Common Stock, par value $0.00001, were outstanding. TABLE OF CONTENTS Part I. Financial Information Condensed Consolidated Balance Sheets (Unaudited)Condensed Consolidated Statements of Operations (Unaudited) Part II. Other InformationItem 1.Legal ProceedingsItem 1A.Risk Factors Item 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 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 futureevents or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regardingprojections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions, known orunknown, that could cause actual results to vary materially from those indicated or anticipated. These risks, assumptions and uncertainties include thosedescribed in Part I. Item 1A. — “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. If one or more ofthese risks or uncertainties materializes, or if underlying assumptions prove incorrect, actual results may vary materially from those indicated oranticipated by such forward-looking statements. There may be additional risks that the Company could not presently know or that the Company currentlybelieves are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-lookingstatements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this Quarterly Report on Form 10-Q and Table of Contents Core Scientific, Inc.Condensed Consolidated Statements of Changes in Stockholders’ Deficit 1. ORGANIZATION AND DESCRIPTION OF BUSINESS 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. Weprovide hosting services for large bitcoin mining customers and are in the process of allocating and converting a significant portion of ourtendata centersinAlab