secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2025-10-24T23:59:59+00:00
Accession:  0001628280-25-046263
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Scientific Q3 revenue $81.1M; net loss improves to $146.7M; pending CoreWeave acquisition vote Oct 30
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- Total revenue $81.1M, down 15% YoY from $95.4M; digital asset self-mining revenue $57.4M, bitcoin mined down 55%, avg BTC price up 88%.
- Net loss $146.7M, improved from $455.3M, primarily due to smaller non-cash fair value adjustment of $74.9M vs $408.5M.
- Adjusted EBITDA negative $2.4M, compared to positive $10.1M in prior year.
- Capital expenditures $244.5M, of which $196.4M funded by CoreWeave under colocation agreements.
- Pending all-stock acquisition by CoreWeave (exchange ratio 0.1235) subject to stockholder vote on Oct 30, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000162828025046263/0001628280-25-046263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000162828025046263/core-20251024.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-046263

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