← Filings of CORZ
Tables in the 10-Q of Core Scientific, Inc./tx
50 tables with numbers, filed May 6, 2026. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| Page | |
| PART I — FINANCIAL INFORMATION | | |
| Item 1. Financial Statements (Unaudited) | | |
| Condensed Consolidated Balance Sheets | 6 |
| Condensed Consolidated Statements of Operations | 7 |
| Condensed Consolidated Statements of Stockholders’ Equity | 8 |
| Condensed Consolidated Statements of Cash Flows | 9 |
| Notes to Condensed Consolidated Financial Statements | 10 |
First 8 of 35 rows. The CSV has all of them.
Table 2 after “(in thousands, except par value)”
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| March 31,2026 | December 31,2025 |
| Assets | (Unaudited) | |
| Current Assets: | | |
| Cash and cash equivalents | $1,005,148 | $311,378 |
| Restricted cash, current portion | 60,244 | — |
| Digital assets | 37,312 | 222,000 |
| Customer funding receivable and other current assets | 352,128 | 362,159 |
| Total Current Assets | 1,454,832 | 895,537 |
First 8 of 35 rows. The CSV has all of them.
Table 3 after “(in thousands, except per share amounts)”
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| Three Months Ended March 31, | |
| 2026 | 2025 |
| Revenue: | | |
| Colocation revenue | $77,539 | $8,573 |
| Digital asset self-mining revenue | 30,105 | 67,179 |
| Digital asset hosted mining revenue from customers | 7,600 | 3,773 |
| Total revenue | 115,244 | 79,525 |
| Cost of revenue: | | |
First 8 of 35 rows. The CSV has all of them.
Table 4 after “Three Months Ended March 31, 2026”
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| Common Stock | AdditionalPaid-In Capital | AccumulatedDeficit | TotalStockholders’Deficit | |
| Shares | Amount | | | |
| Balance at January 1, 2026 | 314,231 | 3 | 3,183,960 | (4,146,703) | (962,740) |
| Net loss | — | — | — | (347,188) | (347,188) |
| Stock-based compensation | — | — | 18,387 | — | 18,387 |
| Restricted stock awards issued | 3,690 | — | 655 | — | 655 |
| Restricted stock awards withheld for tax withholding obligations | (1,359) | — | (21,651) | — | (21,651) |
| Exercise of warrants | 387 | — | 6,851 | — | 6,851 |
First 8 of 9 rows. The CSV has all of them.
Table 5 after “Three Months Ended March 31, 2025”
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| Common Stock | AdditionalPaid-In Capital | AccumulatedDeficit | TotalStockholders’Deficit | |
| Shares | Amount | | | |
| Balance at January 1, 2025 | 292,606 | 3 | 2,915,035 | (3,858,087) | (943,049) |
| Net income | — | — | — | 576,251 | 576,251 |
| Stock-based compensation | — | — | 16,405 | — | 16,405 |
| Restricted stock awards issued | 2,981 | — | (50) | — | (50) |
| Exercise of warrants | 3,500 | $— | 41,625 | — | 41,625 |
| Balance at March 31, 2025 | 299,087 | $3 | $2,973,015 | $(3,281,836) | $(308,818) |
| Three Months Ended March 31, | |
| 2026 | 2025 |
| Cash flows from Operating Activities: | | |
| Net (loss) income | $(347,188) | $576,251 |
| Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: | | |
| Depreciation and amortization | 16,648 | 19,731 |
| Loss on disposal of property, plant and equipment | 13,638 | 6 |
| Impairment of property, plant and equipment | 266,488 | — |
First 8 of 41 rows. The CSV has all of them.
| March 31, 2026 | March 31, 2025 |
| Digital assets, beginning of period | $222,000 | $23,893 |
| Digital asset self-mining revenue, net of receivables1 | 30,119 | 67,441 |
| Proceeds from sales of digital assets and shared hosting | (208,249) | — |
| Decrease in fair value of digital assets | (6,558) | (10,688) |
| Digital assets, end of period | $37,312 | $80,646 |
| Quantity | Cost Basis | Fair Value |
| March 31, 2026 | 547 | $43,725 | $37,312 |
| December 31, 2025 | 2,537 | $254,694 | $222,000 |
| Deferred Revenue from Colocation Services | Deferred Revenue from Hosted Mining Services | Total Deferred Revenue |
| Balance at December 31, 2024 | $17,785 | $349 | $18,134 |
| Revenue recognized that was included in the deferred revenue balance as of the beginning of the year | (5,124) | (329) | (5,453) |
| Base license fee earned, not yet due | (13,633) | — | (13,633) |
| Additional customer funding received | 554,850 | 1,953 | 556,803 |
| Balance at December 31, 2025 | $553,878 | $1,973 | $555,851 |
| Revenue recognized that was included in the deferred revenue balance as of the beginning of the year | (22,530) | (1,973) | (24,503) |
| Base license fee earned, not yet due | (8,590) | — | (8,590) |
First 8 of 12 rows. The CSV has all of them.
Table 10 after “consist of the following (in thousands):”
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| March 31, 2026 | December 31, 2025 | Estimated Useful Lives |
| Land and improvements1 | $74,906 | $21,769 | 20 years |
| Building and improvements | 295,367 | 275,186 | 10 to 39 years |
| Mining equipment | 314,357 | 393,623 | 3 years |
| Electrical and mechanical equipment | 91,015 | 80,384 | 15 years |
| Other property, plant and equipment | 16,178 | 18,164 | 5 to 7 years |
| Total | 791,823 | 789,126 | |
| Less: accumulated depreciation and amortization | 372,193 | 406,893 | |
First 8 of 11 rows. The CSV has all of them.
| March 31, 2026 | December 31, 2025 |
| Land and improvements | $63,809 | $5,546 |
| Building and improvements | 261,208 | 146,082 |
| Electrical and mechanical equipment | 41,735 | 19,146 |
| Other property, plant and equipment | 224 | 226 |
| Total | 366,976 | 171,000 |
| Less: accumulated depreciation and amortization | 11,502 | 9,856 |
| Property, plant and equipment, net leased to customers | $355,475 | $161,144 |
| March 31, 2026 | December 31, 2025 |
| Customer funding receivable | $315,667 | $337,158 |
| Other | 36,461 | 25,001 |
| Total customer funding receivable and other current assets | $352,128 | $362,159 |
Table 13 after “consisted of the following (in thousands):”
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| March 31, 2026 | December 31, 2025 |
| Accrued customer funded construction | $193,669 | $290,603 |
| Accrued capital expenditures | 118,681 | 197,888 |
| Other | 52,129 | 23,466 |
| Total accrued expenses | $364,479 | $511,957 |
Table 14 after “consisted of the following (in thousands):”
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| March 31, 2026 | December 31, 2025 |
| Operating lease liabilities, net of current portion | $86,181 | $89,011 |
| Customer security deposit, net of current portion | 11,040 | 11,040 |
| Other | 3,428 | 4,210 |
| Total other noncurrent liabilities | $100,649 | $104,261 |
| Financial statement line item | March 31, 2026 | December 31, 2025 |
| Assets: | | | |
| Operating lease right-of-use assets | Operating lease right-of-use assets | $105,986 | $108,484 |
| Finance lease right-of-use assets | Other noncurrent assets | $1,748 | $1,843 |
| Liabilities: | | | |
| Operating lease liabilities, current portion | Other current liabilities | $12,873 | $12,343 |
| Operating lease liabilities, net of current portion | Other noncurrent liabilities | $86,181 | $89,011 |
| Finance lease liabilities, current portion | Other current liabilities | $— | $— |
First 8 of 9 rows. The CSV has all of them.
Table 16 after “The components of lease expense were as follows (in thousands):”
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| | Three Months Ended March 31, | |
| Financial statement line item | 2026 | 2025 |
| Operating lease expense | Cost of colocation services | $3,786 | $3,407 |
| Operating lease expense | Cost of digital asset self-mining | 102 | 85 |
| Operating lease expense | Cost of digital asset hosted mining services | 12 | 5 |
| Operating lease expense | Selling, general and administrative | 163 | 1,207 |
| Short-term lease expense | Cost of digital asset self-mining | 142 | 286 |
| Variable lease expense | Cost of colocation services | 385 | 269 |
First 8 of 13 rows. The CSV has all of them.
Table 17 after “Information relating to the lease term and discount rate is as follows:”
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| March 31, 2026 | March 31, 2025 |
| Weighted Average Remaining Lease Term (Years) | | |
| Operating leases | 7.3 | 8.3 |
| Finance leases | 4.7 | 0.5 |
| Weighted Average Discount Rate | | |
| Operating leases | 8.5% | 8.5% |
| Finance leases | 7.4% | 12.6% |
Table 18 after “Information relating to lease payments is as follows (in thousands):”
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| Three Months Ended March 31, | |
| 2026 | 2025 |
| Lease Payments | | |
| Operating cash flows from operating leases | $5,058 | $3,052 |
| Operating cash flows from finance leases | $5 | $40 |
| Financing cash flows from finance leases | $1,095 | $509 |
| Supplemental Noncash Information | | |
| Operating lease right-of-use assets obtained in exchange for lease obligations | $1,988 | $— |
First 8 of 10 rows. The CSV has all of them.
| Operating Leases | Finance Leases |
| Remaining 2026 | $15,418 | $— |
| 2027 | 20,926 | — |
| 2028 | 21,215 | 257 |
| 2029 | 20,938 | 440 |
| 2030 | 21,079 | 403 |
| Thereafter | 33,239 | — |
| Total lease payments | 132,815 | 1,100 |
First 8 of 10 rows. The CSV has all of them.
Table 20 after “The components of lease revenue were as follows (in thousands):”
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| Three Months Ended March 31, | |
| 2026 | 2025 |
| Lease Revenue | | |
| Operating lease revenue | $59,196 | $5,995 |
| Variable lease revenue | 10,219 | 2,578 |
| Total lease revenue | $69,415 | $8,573 |
| Operating Leases1 |
| Remaining 2026 | $111,933 |
| 2027 | 153,848 |
| 2028 | 231,487 |
| 2029 | 302,930 |
| 2030 | 313,402 |
| Thereafter | 2,277,488 |
| Total | $3,391,088 |
Table 22 after “consisted of the following (in thousands):”
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| Stated Interest Rate | Effective Interest Rates | Maturities | | March 31, 2026 | | December 31, 2025 |
| Term Loan Facility1 | 6.2% | 6.9% | 2027 | | $1,000,000 | | $— |
| 2029 Convertible Notes | 3.0% | 3.7% | 2029 | | 460,000 | | 460,000 |
| 2031 Convertible Notes | —% | 0.4% | 2031 | | 625,000 | | 625,000 |
| Notes payable | | | | | 2,085,000 | | 1,085,000 |
| Less: Unamortized discounts | | | | 29,405 | | 24,675 | |
| Total notes payable, net | | | | | 2,055,595 | | 1,060,325 |
| Less: current portion | | | | | 993,944 | | — |
First 8 of 9 rows. The CSV has all of them.
Table 23 after “was as follows (in thousands):”
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| Three Months Ended March 31, | |
| 2026 | 2025 |
| Coupon interest | $6,810 | $3,450 |
| Amortization of debt discount and issuance costs | 1,675 | 1,297 |
| Interest incurred | 8,485 | 4,747 |
| Less: Capitalized interest | (325) | — |
| Interest expense | $8,160 | $4,747 |
Table 24 after “Maturities on debt, gross of unamortized discounts, as of March 31, 2026, are as follows (in thousands):”
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| Convertible Notes | Term Loan Facility |
| Remaining 2026 | $— | $— |
| 2027 | — | 1,000,000 |
| 2028 | — | — |
| 2029 | 460,000 | — |
| 2030 | — | — |
| Thereafter | 625,000 | — |
| Total | $1,085,000 | $1,000,000 |
| Fair Value Hierarchy | | | |
| Level 1 | Level 2 | Level 3 | Fair value |
| Assets: | | | | |
| Cash and cash equivalents | | | | |
| Money market funds | $1,000,384 | $— | $— | $1,000,384 |
| Digital assets | 37,312 | — | — | 37,312 |
| Total assets measured at fair value on a recurring basis | $1,037,696 | $— | $— | $1,037,696 |
| Liabilities: | | | | |
First 8 of 12 rows. The CSV has all of them.
| Fair Value Hierarchy | | | |
| Level 1 | Level 2 | Level 3 | Fair value |
| Assets: | | | | |
| Cash and cash equivalents | | | | |
| Money market funds | $267,721 | $— | $— | $267,721 |
| Digital assets | 222,000 | — | — | 222,000 |
| Total assets measured at fair value on a recurring basis | $489,721 | $— | $— | $489,721 |
| Liabilities: | | | | |
First 8 of 11 rows. The CSV has all of them.
| Carrying Amount | Fair Value | Fair Value Hierarchy |
| 3.00% Convertible Senior Notes due 2029 | $460,000 | $738,262 | Level 1 |
| 0.00% Convertible Senior Notes due 2031 | $625,000 | $686,413 | Level 1 |
| Carrying Amount | Fair Value | Fair Value Hierarchy |
| 3.00% Convertible Senior Notes due 2029 | $460,000 | $718,609 | Level 1 |
| 0.00% Convertible Senior Notes due 2031 | $625,000 | $657,735 | Level 1 |
| Level 1 | Level 2 | Level 3 | Fair value |
| Mining equipment | $— | $30,564 | $— | $30,564 |
| Mining infrastructure | $— | $— | $42,772 | $42,772 |
| Three Months Ended March 31, | |
| 2026 | 2025 |
| (in thousands, except percentages) | | |
| Income tax expense | $600 | $205 |
| Effective income tax rate | (0.2)% | —% |
| Share Price Goal | Incremental Units | Tranche Cumulative Units |
| December 31, 2026 Vesting: | | |
| $3.14 | 142,049 | 142,049 |
| $5.00 | 142,049 | 284,099 |
| $8.00 | 142,049 | 426,148 |
| $10.00 | 142,049 | 568,197 |
| $12.00 | 142,049 | 710,247 |
| $14.00 | 142,049 | 852,296 |
| Restricted Stock Units | Market Condition Restricted Stock Units | Performance Restricted Stock Units | | | |
| Number ofShares | Weighted-AverageGrant Date FairValue | Number ofShares | Weighted-AverageGrant Date FairValue | Number ofShares | Weighted-AverageGrant Date FairValue |
| Unvested - January 1, 2026 | 13,270 | $8.58 | 844 | $6.14 | 5,519 | $11.57 |
| Granted | 928 | 16.36 | 8 | 3.99 | — | — |
| Performance adjustment | — | — | — | — | (1,472) | 11.57 |
| Vested | (1,846) | 9.99 | — | — | (1,840) | 15.71 |
| Forfeited | (77) | 7.11 | — | — | — | |
| Unvested - March 31, 2026 | 12,275 | $8.90 | 852 | $6.14 | 2,207 | $13.18 |
Table 33 after “expected to be recognized for each award type were as follows (in thousands):”
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| Unrecognized Compensation Cost | Weighted-Average Recognition Period |
| RSUs | $91,517 | 1.9 years |
| PSUs | 18,178 | 2.0 years |
| MSUs | 1,485 | 0.8 years |
| Total | $111,180 | |
| Three Months Ended March 31, | |
| 2026 | 2025 |
| Cost of revenue | $853 | $1,382 |
| Colocation organizational and site startup costs | 4,224 | — |
| Selling, general and administrative | 12,684 | 14,803 |
| Stock-based compensation expense, net of amounts capitalized | 17,761 | 16,185 |
| Capitalized stock-based compensation1 | 626 | 220 |
| Total stock-based compensation cost | $18,387 | $16,405 |
Table 35 after “income per share (in thousands, except per share amounts):”
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| Three Months Ended March 31, | |
| 2026 | 2025 |
| Numerator: | | |
| Net (loss) income | $(347,188) | $576,251 |
| Add: Change in fair value of Tranche 2 Warrants | 4,750 | (127,372) |
| Basic and diluted net (loss) income | $(342,438) | $448,879 |
| Denominator: | | |
| Weighted average shares outstanding - basic | 322,911 | 315,186 |
First 8 of 14 rows. The CSV has all of them.
Table 36 after “dilutive. Shares which may be issued from potentially dilutive securities are as follows (in thousands):”
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| Three Months Ended March 31, | |
| 2026 | 2025 |
| Convertible Notes | 69,611 | 69,611 |
| RSUs, PSUs, and MSUs | 15,334 | 1,249 |
| Stock options | 344 | 321 |
| Tranche 1 Warrants | 96,654 | — |
| Total shares issuable from potentially dilutive securities | 181,943 | 71,181 |
Table 37 after “The following table presents revenue and gross profit by reportable segment for the periods presented (in thousands):”
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| Three Months Ended March 31, | |
| 2026 | 2025 |
| (in thousands, except percentages)Colocation Segment | | |
| Colocation revenue: | | |
| License fees | $59,195 | $5,995 |
| Power fees passed through to customer | 21,059 | 2,586 |
| Maintenance and other | (2,715) | (8) |
| Total colocation revenue | 77,539 | 8,573 |
First 8 of 44 rows. The CSV has all of them.
Table 38 after “, is as follows (in thousands):”
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| Three Months Ended March 31, | |
| 2026 | 2025 |
| Reportable segment gross profit | $30,106 | $8,213 |
| Decrease in fair value of digital assets | 6,558 | 10,688 |
| Loss on disposal of property, plant and equipment | 13,638 | 6 |
| Impairment of property, plant and equipment | 266,488 | — |
| Colocation organizational and site startup costs | 8,665 | 11,667 |
| Advisor fees | 333 | 603 |
First 8 of 17 rows. The CSV has all of them.
Table 39 after “The following table presents supplemental cash flow and non-cash information for the periods presented (in thousands):”
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| Three Months Ended March 31, | |
| 2026 | 2025 |
| Supplemental disclosure of other cash flow information: | | |
| Cash paid for interest | $6,905 | $7,822 |
| Income tax (refunds) payments | $(1) | $1 |
| Supplemental disclosure of noncash investing and financing activities: | | |
| Purchases of PP&E in accounts payable and accrued expense | $205,232 | $48,668 |
| Noncash exercise of warrants | $483 | $18,776 |
First 8 of 9 rows. The CSV has all of them.
| March 31, 2026 | December 31, 2025 |
| Gross Utility Power Capacity | 1,860 | 1,426 |
| Total Leasable Customer Power Capacity | 1,275 | 920 |
| Leased Customer Power Capacity | 590 | 590 |
| Unleased Customer Power Capacity | 685 | 330 |
| Billable Customer Power Capacity | 225 | 120 |
| Three Months Ended March 31, | |
| 2026 | 2025 |
| Adjusted EBITDA | | |
| Net (loss) income | $(347,188) | $576,251 |
| Adjustments: | | |
| Interest expense (income), net | 4,857 | (2,187) |
| Income tax expense | 600 | 205 |
| Depreciation and amortization | 16,553 | 19,731 |
First 8 of 17 rows. The CSV has all of them.
| Three Months Ended March 31, | | |
| 2026 | 2025 | $ Change |
| Revenue: | | | |
| Colocation revenue | $77,539 | $8,573 | $68,966 |
| Digital asset self-mining revenue | 30,105 | 67,179 | (37,074) |
| Digital asset hosted mining revenue from customers | 7,600 | 3,773 | 3,827 |
| Total revenue | 115,244 | 79,525 | 35,719 |
| Cost of revenue: | | | |
First 8 of 29 rows. The CSV has all of them.
| Three Months Ended March 31, | | |
| 2026 | 2025 | Change |
| Colocation Segment | | | |
| Colocation gross profit | $43,921 | $467 | $43,454 |
| Colocation gross margin | 57% | 5% | 51% |
| Digital Asset Self-Mining Segment | | | |
| Digital asset self-mining gross (loss) profit | $(17,084) | $6,009 | $(23,093) |
| Digital asset self-mining gross margin | (57)% | 9% | (66)% |
First 8 of 11 rows. The CSV has all of them.
| Three Months Ended March 31, | | |
| 2026 | 2025 | $ Change |
| Revenue: | | | |
| Colocation revenue | $77,539 | $8,573 | $68,966 |
| Digital asset self-mining revenue | 30,105 | 67,179 | (37,074) |
| Digital asset hosted mining revenue from customers | 7,600 | 3,773 | 3,827 |
| Total revenue | $115,244 | $79,525 | $35,719 |
| Percentage of total revenue: | | | |
First 8 of 12 rows. The CSV has all of them.
| Three Months Ended March 31, | | |
| 2026 | 2025 | $ Change |
| Cost of revenue: | | | |
| Cost of colocation services | $33,618 | $8,106 | $25,512 |
| Cost of digital asset self-mining | 47,189 | 61,170 | (13,981) |
| Cost of digital asset hosted mining services | 4,331 | 2,036 | 2,295 |
| Total cost of revenue | $85,138 | $71,312 | $13,826 |
Table 46 after “Impairment of property, plant and equipment”
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| Three Months Ended March 31, | | |
| 2026 | 2025 | $ Change |
| Impairment of property, plant and equipment | 266,488 | — | $266,488 |
| Percentage of total revenue | 231% | —% | |
Table 47 after “Change in fair value of warrants and contingent value rights”
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| Three Months Ended March 31, | | |
| 2026 | 2025 | $ Change |
| Change in fair value of warrants and contingent value rights | 30,799 | (621,464) | 652,263 |
| Percentage of total revenue | 27% | (781)% | |
Table 48 after “and the fair value of our digital assets (in thousands):”
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| March 31, 2026 | December 31, 2025 |
| Cash and cash equivalents | $1,005,148 | $311,378 |
| Digital assets | $37,312 | $222,000 |
Table 49 after “The following table presents our cash flows (in thousands):”
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| Three Months Ended March 31, | |
| 2026 | 2025 |
| Net cash provided by (used in) operating activities | 249,877 | (45,041) |
| Net cash used in investing activities | (386,652) | (89,016) |
| Net cash provided by (used in) financing activities | 971,382 | (4,198) |
| Exhibit Description |
| 10.1 | Agreement and Plan of Merger, dated as of May 5, 2026, by and among Core Scientific, Inc., Polar Merger Sub, LLC, Top Access Enterprises Limited, Polaris DS LLC, and solely for the purposes of Article XI (and Article I and Article VII to the extent relating thereto), Altair LLC. (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the SEC on May 6, 2026). |
| 10.2* | Membership Interest Purchase Agreement, dated December 26, 2025, by and among Core Scientific, Inc. and McCall Family Limited Partnership. |
| 10.3 | Cooperation Agreement, dated as of February 18, 2026, by and between Core Scientific, Inc. and Two Seas Capital LP (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the SEC on February 19, 2026). |
| 10.4 | Delayed-Draw Bridge Credit Agreement, dated as of March 4, 2026, among Core Scientific, Inc., as borrower, the lenders party thereto from time to time, and Morgan Stanley Senior Fundings, Inc., as administrative agent and as collateral agent (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the SEC on March 6, 2026). |
| 10.5 | Amendment No. 1 to Credit Agreement, dated as of March 18, 2026, among Core Scientific, Inc., as borrower, JPMorgan Chase Bank, N.A., as amendment no. 1 term lender, and Morgan Stanley Senior Funding, Inc., as administrative agent and as collateral agent (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the SEC on March 23, 2026). |
| 31.1* | Certifications of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 31.2* | Certifications of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
First 8 of 17 rows. The CSV has all of them.