Core Scientific Inc.
Core Scientific Reports Q3 2025 Financial Results and Announces Merger with CoreWeave
Summary
Core Scientific, Inc. reported financial results for the third fiscal quarter of 2025, showing total revenue of $81.1 million, a net loss of $146.7 million, and Adjusted EBITDA of $(2.4) million. The company also announced a proposed merger with CoreWeave, which would result in CoreWeave acquiring Core Scientific in an all-stock transaction. The transaction is pending shareholder approval and other customary closing conditions.
Profitelligence Alerts
Get alerts for CORZ
Be first to know when Core Scientific Inc. files with the SEC.
Filing Categories
Advertisement
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.
Official SEC Documents
Advertisement