Core Scientific Inc

Common Name

Core Scientific

Country

United States

Sector

Technology

Industry

Software - Infrastructure

Employees

325

Ticker

CORZ

Exchange

NASDAQ/NGS

Website

corescientific.com

Description

Core Scientific Inc. is a leading provider of blockchain infrastructure and artificial intelligence-related services and solutions. This dynamic company primarily focuses on the development of high-pe... Show more

Financial Statements of Core Scientific

Below are the financial statements of Core Scientific, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Revenue	—	—	—
Digital asset self-mining revenue	408.74^a	390.33^a	397.8^a
Digital asset hosted mining revenue from customers	77.55^a	102.01^a	130.23^a
Digital asset hosted mining revenue from related parties	0^a	10.06^a	29.45^a
Equipment sales to customers	0^a	0^a	11.39^a
Equipment sales to related parties	0^a	0^a	71.44^a
HPC hosting revenue	24.38^a	0^a	0^a
Total revenue	510.67^a	502.4^a	640.31^a
Cost of revenue	—	—	—
Cost of digital asset self-mining	-314.34^a	-291.7^a	-395.08^a
Cost of digital asset hosted mining services	-53.56^a	-87.25^a	-169.72^a
Cost of equipment sales	0^a	0^a	-67.11^a
Cost of HPC hosting services	-21.71^a	0^a	0^a
Total cost of revenue	-389.6^a	-378.94^a	-631.91^a
Gross profit	121.07^a	123.46^a	8.4^a
Change in fair value of digital assets	-1.05^a	0^a	0^a
Gain from sale of digital assets	0^a	3.89^a	44.3^a
Impairment of digital assets	0^a	-4.41^a	-231.32^a
Change in fair value of energy derivatives	-2.76^a	-3.92^a	0^a
Impairment of goodwill and other intangibles	0^a	0^a	-1,059.27^a
Impairment of property, plant and equipment	0^a	0^a	-590.67^a
Losses on exchange or disposal of property, plant and equipment	-4.21^a	-1.96^a	-28.03^a
Operating expenses	—	—	—
Research and development	-11.83^a	-7.18^a	-26.96^a
Sales and marketing	-9.97^a	-7.02^a	-12.73^a
General and administrative	-110.45^a	-93.91^a	-213.28^a
Total operating expenses	-132.25^a	-108.11^a	-252.97^a
Operating (loss) income	-19.2^a	8.96^a	-2,109.55^a
Non-operating expenses (income), net	—	—	—
Loss (gain) on debt extinguishment	0.49^a	-20.07^a	0.29^a
Interest expense, net	-37.07^a	-86.24^a	-96.83^a
Change in fair value of convertible notes	0^a	0^a	186.85^a
Change in fair value of warrants and contingent value rights	1,369.16^a	0^a	-37.94^a
Reorganization items, net	-111.44^a	191.12^a	-197.41^a
Other non-operating (income) expense, net	-0.33^a	-2.53^a	5.23^a
Total non-operating expenses, net	1,294.95^a	254.77^a	53.86^a
Loss before income taxes	-1,314.15^a	-245.8^a	-2,163.41^a
Income tax expense (benefit)	-0.86^a	-0.68^a	-17.09^a
Net loss	-1,315.01^a	-246.49^a	-2,146.32^a

Verified Sources Behind Core Scientific’s Financial Fundamentals Data

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a. Core Scientific's 10-K 2024

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Core Scientific Inc

Financial Statements of Core Scientific

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