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Core Scientific CORZ Hits $1B Financing After JPMorgan Adds $500M
Core Scientific closes $1 billion credit facility with JPMorgan's $500M addition, funding AI data center expansion as the former Bitcoin miner pivots strategy.
Core Scientific (CORZ) Sets March 2 Date for Q4 2025 Earnings Report
Core Scientific schedules Q4 fiscal 2025 earnings call for March 2, 2026. Stock up 45% yearly as company pivots from Bitcoin mining to AI data centers.
Core Scientific (CORZ) Stockholders Reject Merger with CoreWeave
Core Scientific's stockholders did not approve the proposed merger with CoreWeave, according to preliminary results from a special meeting.
Core Scientific to Present at 19th Annual Needham Tech & Media Conference
Core Scientific's CEO, Adam Sullivan, is set to present at the 19th Annual Needham Technology, Media, & Consumer Conference.
Core Scientific Reports Strong Financial Performance in Q1 2023
Core Scientific, a Bitcoin miner firm, saw a 49% increase in Q1 2023 revenue to $179.3 million, with a net income of $210.7 million, despite facing risks from Bitcoin price volatility and debt.
Core Scientific Posts Strong Q4 Amidst 2023 Fiscal Recovery
Core Scientific has announced a significant fiscal recovery for Q4 2023, with a notable increase in self-mined bitcoin and improved financial results.
Core Scientific to Host CoreWeave's AI and HPC Workloads in $100M+ Deal
Core Scientific has signed a multi-year contract to provide CoreWeave with up to 16 MW of data center infrastructure for AI and HPC workloads, with potential revenue exceeding $100 million.
Core Scientific's Bankruptcy Exit: Financial Revival and Operational Expansion
Core Scientific's court-approved bankruptcy plan sets the stage for its Nasdaq relisting, debt restructuring, and operational expansion, aiming to bolster revenue and shareholder value.
Core Scientific Set for Post-Bankruptcy Revival with NASDAQ Relisting
Core Scientific is set to emerge from bankruptcy in January 2024, with plans to distribute convertible notes and stock, and relist on NASDAQ, marking a significant turnaround for the Bitcoin miner.
SEC Raises Objections to Celsius Network's Restructuring Plan Involving Coinbase
The U.S. Securities and Exchange Commission (SEC) has filed a limited objection to the Chapter 11 restructuring plan of crypto lending platform Celsius Network. The objection, dated September 22, 2023, specifically targets the company's proposed arrangement with Coinbase for distribution services. The SEC is also currently engaged in a lawsuit against Coinbase, adding another layer of complexity to the situation.