Core Scientific, Inc. Enters Cooperation Agreement with Two Seas Capital LP

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entered into a cooperation agreement with Two Seas Capital LP. As part of the agreement, Core Scientific agreed to appoint three new independent directors and not increase or decrease the size of its Board without Two Seas' consent until the 2027 Annual Meeting. Additionally, Jordan Levy, the Chairman of the Board, notified the Company and the Board that he will not stand for re-election at the 2026 Annual Meeting.

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About Core Scientific Inc.

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-performance data centers designed to support digital asset mining and blockchain networks. The firm operates vast and sophisticated facilities that offer hosting services, providing clients with the necessary infrastructure to mine cryptocurrencies, including Bitcoin. Core Scientific Inc. is deeply embedded within the technology and financial sectors, leveraging advanced computing environments that enable scalable, secure, and efficient processing of blockchain transactions. Founded on the principles of innovation and operational excellence, Core Scientific has positioned itself as a significant player in the growth of blockchain technology, impacting how digital currencies are mined and managed. Its role in the financial markets includes supporting the decentralized finance ecosystem and contributing to the broader adoption of cryptocurrencies by enhancing the technical framework required for their operation and legitimacy.