---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-270236"
form_type: "8-K"
ticker: "CORZ"
cik: "0001839341"
company_name: "Core Scientific, Inc./tx"
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-23T00:12:11.651904+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Core Scientific warns cash may deplete by end of 2022; Bitcoin holdings drop to 24 from 1,051

## Summary
- Company will not make payments due late Oct/early Nov on equipment financings and bridge promissory notes; creditors may accelerate debt.
- Cash and Bitcoin holdings fell to $26.6M and 24 BTC on Oct 26 from $29.5M and 1,051 BTC on Sep 30.
- Engaged Weil Gotshal and PJT Partners to advise on strategic alternatives, including potential bankruptcy.
- Substantial doubt exists about ability to continue as going concern; common stock could suffer total loss.
- Appointed Neal P. Goldman to board; monthly fee of $35,000.

## SEC filing metadata
- accession: 0001193125-22-270236
- form_type: 8-K
- ticker: CORZ
- cik: 0001839341
- company_name: Core Scientific, Inc./tx
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839341/000119312522270236/0001193125-22-270236-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839341/000119312522270236/d395956d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-270236
- JSON: https://secwatch.observer/filing/0001193125-22-270236.json
- Plain text: https://secwatch.observer/filing/0001193125-22-270236.txt

## Key facts
- Executive change
  Neal P. Goldman was appointed as Director at Core Scientific, Inc./tx.
  - Action: appointed
  - Role: Director
  source text: On October 26, 2022, Core Scientific, Inc. (“Core Scientific,” “we,” “our,” “us” or the “Company”) announced the appointment of Neal P. Goldman to its board of directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839341/000119312522270236/0001193125-22-270236-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.