{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-013214","form_type":"8-K","ticker":"CORZ","cik":"0001839341","company_name":"Core Scientific, Inc./tx","filed_at":"2026-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.478741+00:00","generated_at":"2026-05-15T22:45:35.284751+00:00","sec_items":["2.02","4.02","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"confidence":"high","headline":"Core Scientific restates financials for multiple periods due to improper asset capitalization, reports Q4 2025 results","bullets":["Restatement for Non-Reliance Periods from June 30, 2024 through Sept 30, 2025 due to improper capitalization of assets committed to demolition during mining-to-HPC conversion.","Material weakness identified in internal control over financial reporting; Marcum LLP to revise opinion to adverse on 2024 internal controls.","Q4 2025 revenue $79.8M vs $94.9M Q4 2024; colocation revenue rose to $31.3M from $8.5M; self-mining revenue fell to $42.2M.","Net income $216.0M vs net loss $291.1M in Q4 2024, driven by non-cash fair value gain of $330.3M on warrant and CVR liabilities.","Capital expenditures $279.2M in Q4 2025, with $226.2M funded by CoreWeave; liquidity of $533.4M including $311.4M cash and $222.0M bitcoin."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-013214","json":"https://secwatch.observer/filing/0001628280-26-013214.json","markdown":"https://secwatch.observer/filing/0001628280-26-013214.md","text":"https://secwatch.observer/filing/0001628280-26-013214.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1839341/000162828026013214/0001628280-26-013214-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1839341/000162828026013214/core-20260302.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-15T22:45:35.284751+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}