Every 8-K that CORE SCIENTIFIC INC RTS (CORZR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CORZR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CORZR filings page.
Core Scientific, Inc. (CORZ) reports updated electrical power status for its existing and planned data centers in Texas under ERCOT’s large-load review framework. At Denton, 297 Megawatts of existing power has been conditionally approved as “Base Load, Pathway (a)” and is classified as longstanding existing load not subject to the Batch Zero allocation process. An additional 74 Megawatts at Denton was previously incorporated in ERCOT’s 2025 Regional Transmission Plan study cases and is also outside the Batch Zero process.
At Pecos, 300 Megawatts of existing power and an additional 300 Megawatts of “Studied Load” have been conditionally approved in Batch Zero as “Base Load, Pathway (b).” All required documentation and financial collateral for Pecos have been submitted and posted, though final allocation and load ramp will follow completion of Batch Zero. At Hunt, 431 Megawatts of planned power has been conditionally approved in Batch Zero as “Base Load, Advancing Large Load, Pathway (e),” with interconnection studies completed, ERCOT stability approval received, financial collateral posted, long-lead equipment ordered, and construction commenced.
Core Scientific, Inc. (CORZ) entered into committed senior secured credit facilities totaling $600 million, comprised of a $100 million senior secured revolving credit facility and a $500 million letter of credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A. The facilities mature on the third anniversary of August 25, 2026, or, at the company’s election, the fourth anniversary, and are secured by a first‑priority lien on substantially all assets of Core Scientific and certain wholly owned domestic subsidiaries, which also guarantee the obligations.
Borrowings under the revolver bear interest at Adjusted Term SOFR + 1.750% (0.00% floor) or an alternate base rate + 0.75%. Letters of credit incur a 1.750% annual fee plus a 0.125% quarterly fronting fee, and a 0.250% annual commitment fee applies to unused portions of the facilities. As of closing, no amounts were outstanding, and the company disclosed a quarterly liquidity covenant of at least $150 million and a minimum market capitalization of $3,000 million as a condition to each borrowing under the revolver. A related press release states the facilities are expected to release approximately $300 million of restricted cash, improving capital efficiency as Core Scientific continues shifting its digital infrastructure business toward high‑density colocation services for AI‑related workloads.
Core Scientific, Inc. completed its previously announced acquisition of Polaris DS LLC, making Polaris a wholly owned subsidiary through a merger with a Core Scientific subsidiary. The company paid an aggregate purchase price of $444.3 million in cash, subject to customary post-closing adjustments, and placed a portion into escrow to secure specified indemnification obligations.
The purchase price may increase by an additional $40 million in cash if an extra 40 megawatts of firm electric capacity becomes available to Polaris before December 31, 2026 under the merger terms. Through the transaction, Core Scientific secured approximately 440 MW of gross, grid-connected power capacity used by Polaris in Oklahoma and reiterated plans to scale its Muskogee campus to about 1.5 GW of gross power, or 1.0 GW of leasable power, with roughly 82 MW expected to be delivered to a customer beginning in the second half of 2027.
Core Scientific, Inc. appointed Mark W. Adams to its Board of Directors, effective July 29, 2026, increasing the board to seven directors. The board determined he qualifies as an independent director under Sarbanes-Oxley and Nasdaq listing standards and he will receive cash and equity compensation consistent with other non-employee directors.
Adams, age 62, brings extensive technology leadership experience, including roles as President and CEO of Penguin Solutions from 2020 to 2026, CEO of Lumileds from 2017 to 2019, and President of Micron Technology from 2012 to 2016. He also serves on the boards of Seagate Technology and Cadence Design Systems. There are no family relationships or related-party transactions disclosed in connection with his appointment.
Core Scientific designs, builds and operates large-scale, purpose-built data centers for high-density colocation services supporting AI-related workloads and is repurposing remaining digital asset mining facilities to support this colocation business.
Core Scientific, Inc. reported Q2 2026 total revenue of $164.2 million, up from $115.2 million in Q1 2026, driven by colocation revenue of $136.7 million. Gross profit was $70.0 million with a 43% gross margin, and Adjusted EBITDA reached $41.1 million.
The company recorded a net loss of $1.16 billion, mainly from a $1.05 billion non-cash increase in the fair value of warrants and contingent value rights. Liquidity totaled $1.82 billion, while total liabilities of $7.68 billion exceeded assets of $5.26 billion, resulting in a stockholders’ deficit.
Recent high-density colocation milestones include expanding leased customer power capacity to approximately 1.1 GW, representing more than $24 billion of potential contracted revenue, and an AMD partnership that could support up to 2.5 GW of leasable capacity with about 530 MW anchored under 15-year agreements.
Core Scientific entered into long-term AI infrastructure arrangements with AMD and Neocloud and issued AMD a warrant linked to those leases. On July 27, 2026 the company granted AMD a warrant for up to 30 million shares at $23.47 per share, vesting at 12,222 shares per megawatt of critical IT load; about 6.5 million shares vested immediately. The warrant is exercisable subject to vesting, expires July 27, 2031, and was issued in reliance on the Section 4(a)(2) private-offering exemption.
New lease agreements cover 377 MW of critical IT capacity for AMD and 152 MW for Neocloud across multiple U.S. sites, each for 15-year terms with three five-year options. AMD also receives a reservation right for up to 1,925 MW of additional capacity through December 28, 2028, plus credit-support arrangements around Neocloud’s leases. A related partnership release highlights more than 500 MW of U.S. capacity beginning in 2027 with expansion potential to 2.5 GW.
An investor presentation cites roughly $24B+ of contracted capacity and about $1.8B in average annualized colocation GAAP revenue, supported by a CoreWeave contract covering ~590 MW with $10B+ in revenue potential. Colocation revenue was $136.7M in the second quarter of 2026, and pro forma fully diluted shares are about 508 million.
Core Scientific, Inc. appointed Steve M. Smith to its Board of Directors and its Nominating and Corporate Governance Committee, effective immediately. The company describes itself as a leader in digital infrastructure for high-density colocation serving AI-related workloads.
Smith, age 70, is currently Chief Executive Officer of Zayo Group and previously served as CEO and President of Equinix from 2007 to 2018, where he helped grow annual revenue from about $400 million to more than $4 billion and integrated over 20 acquisitions. The Board has determined he is independent under Sarbanes-Oxley and Nasdaq rules, and he will receive cash and equity compensation consistent with other non-employee directors. There are no family relationships or related-party transactions disclosed. Core Scientific notes that its majority revenue comes from high-density colocation services as it repurposes remaining mining facilities to support this business.
Core Scientific, Inc. held its 2026 Annual Meeting of Stockholders, where shareholders voted on directors, executive compensation and the independent auditor. Five directors were elected, including Adam Sullivan with 217,650,785 votes for and 2,469,826 withheld, and Elizabeth Crain with 215,074,279 for and 5,046,332 withheld.
Stockholders approved, on a non-binding advisory basis, the compensation of the company’s named executive officers, with 138,785,477 votes for, 79,166,695 against and 2,168,439 abstentions. They also ratified KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 262,833,296 votes for, 313,161 against and 1,752,370 abstentions.
Core Scientific, Inc. reported strong top-line growth but a large loss for the first quarter of 2026 as it shifts toward high-density colocation services. Total revenue reached $115.2 million, up from $79.5 million a year earlier, driven by a surge in colocation revenue to $77.5 million from $8.6 million.
Digital asset self-mining revenue fell to $30.1 million from $67.2 million as the company continues its strategic move away from proprietary mining. Gross profit improved to $30.1 million from $8.2 million, but Core Scientific posted a net loss of $347.2 million versus net income of $576.3 million in the prior-year quarter, mainly due to $266.5 million of non-cash impairment charges and a $30.8 million non-cash loss on warrants and contingent value rights.
Non‑GAAP Adjusted EBITDA turned positive at $4.4 million compared with a loss of $6.1 million. Liquidity was $1.04 billion as of March 31, 2026, including $1.01 billion of cash and cash equivalents and $37.3 million of bitcoin. The company also highlighted a recently closed $3.3 billion 7.75% senior secured notes due 2031 and a total gross power capacity pipeline of 4.5 GW supporting its colocation growth strategy.
Core Scientific, Inc. announced that its subsidiary Core Scientific Finance I LLC completed a private offering of $3.3 billion aggregate principal amount of 7.750% senior secured notes due 2031. The notes priced at 99.250% of principal, with interest paid semi-annually each May 15 and November 15, starting November 15, 2026.
The issuer expects net proceeds of about $3.24 billion. It will fund a debt service reserve account and distribute the remaining proceeds to Core Scientific. Core Scientific plans to use a portion of those funds to fully repay borrowings under its delayed-draw bridge credit facility of up to $1.0 billion, including accrued interest and related fees.
The notes are senior secured obligations, guaranteed by the issuer’s five datacenter subsidiaries and secured by first‑priority liens on substantially all of their assets, specified equity interests, and certain parent assets. Principal amortizes semi‑annually at an initial rate of 11.50% per annum, and the indenture includes customary redemption, repurchase, covenant and event‑of‑default provisions, plus a completion guarantee by Core Scientific for specified datacenter projects.
Core Scientific, Inc. plans a major expansion of its Muskogee, Oklahoma campus by acquiring Polaris DS LLC’s assets through a merger structure for an approximate $421 million cash purchase price, plus up to $40 million more if an additional 40 megawatts of firm electric capacity becomes available by December 31, 2026.
The acquired entity will own about 40 acres of land, an electrical substation and electrical service agreements providing up to 440 megawatts of continuous power adjacent to Core Scientific’s existing data center. The deal is expected to close early in the third quarter of 2026, subject to customary regulatory and other conditions.
Core Scientific has already deposited $120 million in escrow toward the purchase price and outlines liquidated-damages scenarios if the merger terminates. In a related strategy, the company targets roughly 1.5 gigawatts of gross power and about 1.0 gigawatt of leasable power at Muskogee, supported by new construction and approximately 250 acres of secured land.
Core Scientific, Inc. has appointed Jorge Ray as its Principal Accounting Officer, effective May 7, 2026. He currently serves as Chief Accounting Officer, a role he has held since March 2026, and brings prior senior accounting experience from Raymond James Financial, BankUnited, KPMG, and PwC.
His compensation includes a base salary of $400,000, a target annual bonus equal to 40% of base salary, a one-time grant of restricted stock units valued at $600,000 that vest over three years, and a one-time signing bonus of $193,000, including $71,000 for relocation expenses.
Core Scientific, Inc. is planning a major expansion of its Pecos, Texas campus into a large-scale artificial intelligence data center hub. The company outlines a multi-tiered strategy to grow the site to approximately 1.5 gigawatts of gross power, including about 1.0 gigawatt of leasable power for customers.
Currently, 300 megawatts of gross power at Pecos are used for bitcoin mining, but the site is being transformed into a high-density colocation data center campus for AI infrastructure. The first data hall has reached a key construction milestone with interior foundational footings complete and precast concrete walls arriving as the project moves toward vertical construction.
The campus is already available for lease, with initial capacity still expected in early 2027. Core Scientific has secured an additional 300 megawatts of gross power capacity under contract with its utility provider, developed a scalable behind-the-meter power solution expected to add significant capacity, and obtained more than 200 acres of land to support the planned buildout.
Core Scientific, Inc. plans a private offering of $3.3 billion in senior secured notes due 2031 through subsidiary Core Scientific Finance I LLC. The company expects the issuer to distribute proceeds back to Core Scientific, which plans to repay its delayed draw term loans under a 364‑day bridge credit facility.
Supplemental materials outline six licensed data center projects with CoreWeave, targeting about $7.8 billion in illustrative total revenue and roughly 590 MW of critical IT capacity, backed by long‑term power contracts and a completion guarantee from Core Scientific for project build‑out.
Core Scientific, Inc. expanded its short-term credit facility by an additional $500.0 million under an accordion feature, bringing total term loan commitments to $1.0 billion. The company borrowed the full incremental amount at a rate of SOFR plus 250 basis points.
Proceeds from this 364-day facility are expected to be used for general corporate purposes tied to developing data center assets, including equipment purchases, pre-development work, real estate acquisitions and energy procurement for high-density colocation and AI-focused infrastructure.
Core Scientific, Inc. entered into a senior secured term loan facility of $500.0 million with lenders arranged by Morgan Stanley Senior Funding, Inc. The 364-day facility bears interest at term SOFR plus 2.50%, and the company borrowed the full initial $500.0 million on March 5, 2026.
The credit agreement includes an accordion feature allowing Core Scientific to request up to an additional $500.0 million in commitments, for potential total commitments of $1.0 billion. Proceeds are earmarked for developing data center assets, including equipment, energy-related deposits and real estate, and to pay associated fees and expenses, but not to repay other debt or fund dividends.
The loans are guaranteed by certain wholly owned material domestic subsidiaries and secured by a first-priority lien on substantially all of their assets. Core Scientific may prepay at any time without penalty, but must also use 100% of specified asset sale, debt, insurance, equity raise and fee proceeds to reduce commitments or prepay loans, subject to customary exceptions.
Core Scientific, Inc. entered into a cooperation agreement with Two Seas Capital LP that will reshape its board over the next two years. The company will appoint one new independent director by March 15, 2026, a second by no later than September 15, 2026, and a third before the 2027 annual meeting, each in consultation with Two Seas.
Until the 2027 annual meeting, the board size will be capped at nine directors and cannot be reduced in a way that forces any of the new directors to resign without Two Seas’ consent. One current director will not be nominated for re-election at the 2027 meeting. Two Seas agreed to a one-year standstill, voting commitments through the 2027 annual meeting, and mutual non-disparagement. Separately, Chairman Jordan Levy told the board he will not stand for re-election at the 2026 annual meeting, citing personal reasons and no disagreement with the company.
Core Scientific, Inc. entered into a cooperation agreement with Two Seas Capital LP that will reshape its board over the next two years. The company plans to appoint one independent director by March 15, 2026, a second by no later than September 15, 2026, and a third before the 2027 annual meeting, all in consultation with Two Seas.
Until the 2027 annual meeting, the board size will be capped at nine directors and cannot be reduced in a way that forces any of the new directors to resign without Two Seas’ consent. One current director will not be nominated in 2027, and Chairman Jordan Levy has informed the company he will not stand for re-election at the 2026 annual meeting, a decision stated as not due to any disagreement. Two Seas agreed to a one-year standstill, longer voting commitments through the 2027 annual meeting, and mutual non-disparagement.