Core Scientific (CORZ) Reports Q3 Loss of $1.17

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Go back to Core Scientific (CORZ) Reports Q3 Loss of $1.17

Core Scientific Announces Fiscal Third Quarter 2024 Results

November 6, 2024 4:10 PM EST

Fiscal Third Quarter 2024 Highlights

Incurred net loss of $455.3 million due primarily to a net $408.5 million non-cash mark-to-market adjustment to our warrants and other contingent value right liabilities required as a result of significant quarter-over-quarter increase in the value of our equity Generated operating loss of $41.2 million, an increase of $29.2 million over third quarter 2023 Realized adjusted EBITDA of $10.1 million Customer initiated option exercises resulted in an additional 112 MW during the third quarter and the remaining 120 MW in the fourth quarter for a total of approximately 500 megawatts of... More