Highest-materiality recent filing
Core Scientific appoints former Equinix CEO Steve Smith to board
Steve Smith, 70, appointed to Core Scientific board and Nominating & Corporate Governance Committee, effective May 26, 2026.
All five director nominees elected: Adam Sullivan (217.7M for), Jeff Booth (168.6M), Elizabeth Crain (215.1M), Yadin Rozov (213.1M), Eric Weiss (168.9M).
Core Scientific subsidiary prices $3.3B of 7.750% senior secured notes due 2031
Issuer Core Scientific Finance I LLC priced $3.3B notes at 99.250% of par; net proceeds ~$3.24B.
Core Scientific to acquire Polaris DS for ~$421M; Muskogee campus expansion to 1.5 GW
Total purchase price ~$421M in cash; additional $40M if 40 MW of firm capacity available by Dec 31, 2026.
Core Scientific Q1 2026: Revenue up to $115.2M but net loss $347.2M; closes $3.3B notes
Revenue $115.2M (+45% YoY); colocation revenue $77.5M (vs $8.6M) driving growth.
Core Scientific appoints Jorge Ray as Principal Accounting Officer effective May 7, 2026
Jorge Ray, age 43, appointed Principal Accounting Officer effective May 7, 2026; previously Chief Accounting Officer since March 2026.
Core Scientific plans to scale Pecos campus to 1.5 GW gross power
Plans to expand Pecos, TX campus to approx. 1.5 GW gross power / 1.0 GW leasable power.
Core Scientific proposes $3.3B senior secured notes due 2031 to repay bridge loans
Offering of $3.3B aggregate principal amount of senior secured notes due 2031 by subsidiary Core Scientific Finance I LLC.
Core Scientific increases credit facility to $1.0B with additional $500M from JPMorgan
Total commitments under facility now $1.0B, up from $500M previously from Morgan Stanley.
Core Scientific secures $500M Morgan Stanley loan facility, accordion to $1B
Initial $500M 364-day term loan facility with Morgan Stanley; interest SOFR + 2.50%.
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.
Company to appoint first independent director by March 15, 2026, and a second by September 15, 2026, both mutually agreed with Two Seas.
Company agrees to appoint first new independent director by March 15, 2026, second by Sept 15, 2026, third before 2027 annual meeting.
Shareholders vote against CoreWeave merger; Core Scientific terminates deal
Merger proposal received 20.8M for vs 203.5M against, failing to pass.
Core Scientific stockholders fail to approve merger with CoreWeave
At special meeting on Oct 30, 2025, Core Scientific did not receive requisite votes to approve merger with CoreWeave (CRWV).
Core Scientific terminates merger with CoreWeave after shareholders reject deal
At Oct 30 special meeting, Core Scientific stockholders did not approve the merger agreement with CoreWeave.
Presentation features CEO Adam Sullivan, CFO Jim Nygaard, COO Matt Brown.
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%.
Three stockholder lawsuits (CT and NY) and demands alleged proxy deficiencies; Core Scientific and CoreWeave deny merit but voluntarily supplement.
Core Scientific proposes merger with CoreWeave in all-stock deal at 71% premium
Stockholders to receive 0.1235 CoreWeave shares per CORZ share — 71% premium to 10-day VWAP as of June 25, 2025.
Core Scientific investor presentation shows ~71% premium in CoreWeave merger; vote Oct 30
Exchange ratio of 0.1235 CoreWeave shares per CORZ share, a ~71% premium to unaffected 10-day VWAP.
Core Scientific Q2 revenue $78.6M, down 44% YoY; net loss $936.8M on warrant adjustments
Total revenue $78.6M, down from $141.1M YoY; digital asset self-mining revenue $62.4M (down 44%).
CoreWeave to acquire Core Scientific in ~$9B all-stock deal; 0.1235 CRWV shares per CORZ
Total equity value ~$9.0B based on fully diluted shares and CoreWeave 5-day VWAP as of July 3, 2025.
Core Scientific agrees to be acquired by CoreWeave in all-stock merger
Each CORZ share will convert into 0.1235 shares of CoreWeave Class A common stock; exchange ratio fixed.
Stockholders approved declassifying Board: all directors to stand for annual election starting 2026 (for: 198.7M, against: 337k).
Core Scientific appoints Elizabeth Crain to board; Jordan Levy elected chairman
Todd Becker resigned from Board effective May 13, 2025; no disagreement with company.
Core Scientific say-on-pay fails; shareholders approve 48M share incentive plan
Say-on-pay vote fails with 113.6M against vs 70.4M for (61% opposed); non-binding but strong shareholder disapproval.
Core Scientific Q1 net income $580.7M on warrant adjustment; revenue down 56% to $79.5M
Net income $580.7M vs $210.7M YoY, driven by $621.5M non-cash mark-to-market on warrants due to stock price decline.
Core Scientific increases CEO Adam Sullivan's 2025 base salary to $825,000
Annual base salary for CEO Adam Sullivan raised to $825,000 for fiscal 2025.
Core Scientific mined 247 self-mined bitcoin in March, up 15% from February; YTD total 718
Self-mined 247 bitcoin in March (avg 8.0/day), up from 215 in February; customers earned ~17 bitcoin.
Core Scientific dismisses Marcum LLP, appoints KPMG as auditor for FY2025
Audit Committee approved KPMG as independent auditor for FY2025, effective March 12, 2025.
Core Scientific mined 215 self-mined Bitcoin in Feb 2025; total 471 YTD
Self-mined Bitcoin 215 vs 256 in Jan; avg 7.7/day vs 8.3.
Core Scientific appoints Jim Nygaard as CFO effective March 17; Sterling departs May 1
Jim Nygaard named EVP, CFO effective March 17; 30 years of investment banking/M&A expertise from XMS Capital and Morgan Stanley.
Core Scientific expands CoreWeave deal by 70MW at Denton, TX; adds $1.2B in revenue
New 70MW expansion at Denton site brings total contracted HPC capacity with CoreWeave to ~590MW across six sites.
Core Scientific Q4 net loss $265.5M; revenue down 33% YoY to $94.9M
Net loss of $265.5M driven by $224.7M non-cash mark-to-market adjustment on warrant liabilities due to stock price increase.
Core Scientific mined 256 BTC in January, down from 291 in December; no BTC sales
Self-mined 256 bitcoin vs 291 in December; avg 8.3 BTC/day (Dec 9.4).
On May 26, 2026, the Company announced the appointment of Steve M. Smith, as a member of the Board and the Nominating and Corporate Governance Committee of the Board, effective immediately.
On May 14, 2025, the Board appointed Elizabeth Crain as a member of the Board and the Chair of the Audit Committee of the Board, effective immediately.
On May 13, 2025, Todd Becker informed the Board of Directors (the “Board”) of Core Scientific, Inc. (the “Company”) of his resignation as a member of the Board and the applicable committees thereof, effective immediately.
On March 2, 2025, the Board of Directors (the “Board”) of Core Scientific, Inc. (the “Company”) approved the appointment of James P. Nygaard, Jr., age 50, as the Company’s Executive Vice President, Chief Financial Officer, effective March 17, 2025.
Max materiality 1.00 · Median 0.72 · Most common event other_material