Core Scientific Inctx
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
CORZ$13.13+3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (Unaudited)
Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue: | ||
| Digital asset self-mining revenue | $67,179 | $149,959 |
| Digital asset hosted mining revenue from customers | 3,773 | 29,332 |
| Colocation revenue | 8,573 | — |
| Total revenue | 79,525 | 179,291 |
| Cost of revenue: | ||
| Cost of digital asset self-mining | 61,170 | 81,564 |
| Cost of digital asset hosted mining services | 2,036 | 20,081 |
| Cost of Colocation services | 8,106 | — |
| Total cost of revenue | 71,312 | 101,645 |
| Gross profit | 8,213 | 77,646 |
| Change in fair value of digital assets | 10,688 | — |
| Gain from sales of digital assets | — | (543) |
| Change in fair value of energy derivatives | — | 2,218 |
| Losses on exchange or disposal of property, plant and equipment | 6 | 3,820 |
| Selling, general and administrative | 40,115 | 16,924 |
| Operating (loss) income | (42,596) | 55,227 |
| Non-operating expenses (income), net: | ||
| Loss on debt extinguishment | — | 50 |
| Interest (income) expense, net | (2,187) | 14,087 |
| Change in fair value of warrants and contingent value rights | (621,464) | (60,114) |
| Reorganization items, net | — | (111,439) |
| Other non-operating expense, net | 157 | 1,746 |
| Total non-operating income, net | (623,494) | (155,670) |
| Income before income taxes | 580,898 | 210,897 |
| Income tax expense | 205 | 206 |
| Net income | $580,693 | $210,691 |
| Net income per share (Note 11) | ||
| Basic | $1.44 | $0.91 |
| Diluted | $1.25 | $0.78 |
| Weighted average shares outstanding | ||
| Basic | 315,186 | 230,954 |
| Diluted | 363,314 | 282,531 |
Certain prior year amounts have been reclassified for consistency with the current year presentation.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.