Form 8-K · Current Report · Filed 2025-10-24
Core Scientific Reports Q3 2025 Financial Results and Announces Merger with CoreWeave
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.
- Filer
- Core Scientific Inc. CORZ · NASDAQ
- Filed
- Accession
- 0001628280-25-046263
- CIK
- 0001839341
- Signal
- Low impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$18.06
Next session
+10.0%
Since filing
+14.7%
Latest close
$20.72
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from CORZ reporting the same item, with the next session's move:
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.
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