---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-008130"
form_type: "8-K"
ticker: "CORZ"
cik: "0001839341"
company_name: "Core Scientific, Inc./tx"
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:52:51.811732+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Core Scientific Q4 net loss $265.5M; revenue down 33% YoY to $94.9M

## Summary
- Net loss of $265.5M driven by $224.7M non-cash mark-to-market adjustment on warrant liabilities due to stock price increase.
- Revenue fell to $94.9M from $141.9M YoY; self-mining revenue down 68% in bitcoin mined due to halving and shift to HPC.
- Adjusted EBITDA dropped to $13.3M from $56.7M YoY; operating loss of $39.8M vs operating income of $3.9M.
- Earned 974 self-mined bitcoin at avg cash cost $51,035; total hash rate 20.1 EH/s (19.1 EH/s self-mining).
- Secured $625M 0% convertible note offering; ended Q4 with $836.2M cash and cash equivalents.

## SEC filing metadata
- accession: 0001628280-25-008130
- form_type: 8-K
- ticker: CORZ
- cik: 0001839341
- company_name: Core Scientific, Inc./tx
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839341/000162828025008130/0001628280-25-008130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839341/000162828025008130/core-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-008130
- JSON: https://secwatch.observer/filing/0001628280-25-008130.json
- Plain text: https://secwatch.observer/filing/0001628280-25-008130.txt

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