---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-045714"
form_type: "8-K"
ticker: "CORZ"
cik: "0001839341"
company_name: "Core Scientific, Inc./tx"
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:48:13.812048+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Core Scientific Q3 net loss $455M on $408.5M warrant revaluation; HPC backlog $8.7B

## Summary
- Net loss of $455.3M driven by $408.5M non-cash mark-to-market on warrants and CVRs due to stock price increase.
- Revenue fell 15.5% YoY to $95.4M; operating loss widened to $41.2M from $12.0M; adjusted EBITDA $10.1M.
- Self-mined 1,115 bitcoin; total hash rate 23.4 EH/s; fleet energy efficiency improved to 24.5 J/TH.
- HPC contracts now ~500 MW with $8.7B potential revenue; reallocated 100 MW from mining to HPC, total HPC capacity 800 MW.
- Completed $460M convertible note at 3%, used $211M to repay senior debt (12.5%). Q3 cash $253M.

## SEC filing metadata
- accession: 0001628280-24-045714
- form_type: 8-K
- ticker: CORZ
- cik: 0001839341
- company_name: Core Scientific, Inc./tx
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839341/000162828024045714/0001628280-24-045714-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839341/000162828024045714/core-20241106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-045714
- JSON: https://secwatch.observer/filing/0001628280-24-045714.json
- Plain text: https://secwatch.observer/filing/0001628280-24-045714.txt

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