secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001628280-24-035651
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Scientific Q2 2024 net loss $804.9M on $796M warrant mark-to-market; revenue up 11% to $141.1M
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- Net loss of $804.9M driven by $796M non-cash warrant mark-to-market; net loss in Q2 2023 was $9.3M.
- Revenue $141.1M (+11% YoY); operating income $6.6M vs $9.5M YoY; adjusted EBITDA $46.0M vs $45.0M.
- Self-mined 1,680 bitcoin; total hash rate 24.6 EH/s; cash cost to mine ~$29,900/bitcoin.
- HPC hosting contracts for 382 MW signed, potential revenue ~$6.7B over 12 years; HPC operations commenced.
- Converted $260M in convertible notes to equity; cash $96.1M at quarter end; balance sheet strengthened.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000162828024035651/0001628280-24-035651-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000162828024035651/core-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-035651

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