Q4 2025 Core Scientific Inc Earnings Call Transcript

Core Scientific Inc (MIL:1CORZ)

€ 18.76 +2.144 (+12.91%) Market Cap: 6.11 Bil Enterprise Value: 8.32 Bil PE Ratio: 0 PB Ratio: 0 GF Score: 36/100

Key Points

Positve

Core Scientific Inc (CORZ) has energized approximately 350 megawatts of capacity, with close to 200 megawatts currently billing, showcasing significant progress in their buildout.
The company successfully expanded power capacity at their Dalton, Georgia site to 450 megawatts, including 120 megawatts of uncommitted leasable customer capacity.
Core Scientific Inc (CORZ) signed a new large land and power agreement in Hunt County, Texas, expected to support 430 megawatts of gross power capacity.
The company maintains a strong balance sheet with total liquidity of approximately $530 million, providing financial stability.
Core Scientific Inc (CORZ) has a pipeline of approximately 1.5 gigawatts of customer leasable capacity, indicating strong future growth potential.

Negative

Core Scientific Inc (CORZ) did not sign a new customer contract by the earnings call, which was one of their stated priorities.
There is a natural lag between energization and billing commencement, which can vary by site and customer requirements, potentially impacting cash flow timing.
The company is facing challenges in securing long lead equipment and aligning experienced contractors, which are bigger constraints than power availability.
Core Scientific Inc (CORZ) had to restate historical accounting due to errors in accounting for certain property, plants, and equipment, indicating past financial reporting issues.
The company is still heavily reliant on Bitcoin mining for revenue, which is subject to market volatility and not the primary focus of their future strategy.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CORZ.OQ - Core Scientific Inc
Q4 2025 Core Scientific Inc Earnings Call
Mar 02, 2026 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings. Welcome to Core Scientific 4th quarter fiscal year 2025 earnings conference call. At this time, all participants are in a list only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press 0 on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to John Charbonneau, Vice President of Investor relations.

Thank you. You may begin.

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Unidentified_2 [2]
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Great. Good afternoon and welcome to

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