secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001628280-24-010544
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Scientific reports Q4 2023 revenue $141.9M, adj EBITDA $57.5M; net loss improves $239M YoY
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- Total revenue Q4 $141.9M (+17% YoY); full-year $502.4M (-22% YoY, due to exit from equipment sales).
- Net loss Q4 $195.7M, improved $239.2M from Q4 2022; full-year net loss $246.5M, improved $1.90B.
- Adjusted EBITDA Q4 $57.5M (vs $6.3M), full-year $170.0M (vs -$10.7M); driven by lower power costs and cost cuts.
- Self-mined 13,762 bitcoin in FY2023, most among listed North American miners; operated 23.2 EH/s total hash rate.
- Announced long-term hosting contract with CoreWeave for GPU cloud/AI compute, expanding beyond bitcoin mining.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000162828024010544/0001628280-24-010544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000162828024010544/core-20240312.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-010544

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer