secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001628280-26-031246
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Scientific Q1 2026: Revenue up to $115.2M but net loss $347.2M; closes $3.3B notes
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- Revenue $115.2M (+45% YoY); colocation revenue $77.5M (vs $8.6M) driving growth.
- Net loss $347.2M includes $266.5M non-cash impairment; Adjusted EBITDA $4.4M vs -$6.1M.
- Closed $3.3B 7.75% senior secured notes due 2031 to fund data-center development.
- Power capacity pipeline expanded to 4.5 GW; acquired Hunt County, TX land for $233M (~430 MW).
- Liquidity $1.04B at quarter-end; CapEx $389.2M (partly funded by CoreWeave).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000162828026031246/0001628280-26-031246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000162828026031246/core-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-031246

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