Core Scientific Set to Join Russell 3000® Index
27 June 2022 - 11:10PM
Business Wire
Core Scientific, Inc.
(NASDAQ: CORZ) ("Core Scientific" or “the Company”), a leader in
high-performance blockchain data centers and software solutions, is
set to join the Russell 3000® Index at the conclusion
of the 2022 Russell indexes annual reconstitution, effective after
the US market opens today, June 27, according to a preliminary list
of additions posted June 3.
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Core Scientific's Marble, NC Data Center
(Photo: Business Wire)
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of May 6, ranking them by total market capitalization.
Membership in the US all-cap Russell 3000® Index, which remains in
place for one year, means automatic inclusion in the large-cap
Russell 1000® Index or small-cap Russell
2000® Index as well as the appropriate growth and
value style indexes. FTSE Russell determines membership for its
Russell indexes primarily by objective, market-capitalization
rankings and style attributes.
“Inclusion in the Russell 3000 index less than six months after
we became a public company represents an important acknowledgement
of Core Scientific’s business fundamentals and strong position as a
blockchain data center leader,” said Mike Levitt, Core Scientific’s
Chief Executive Officer. “We look forward to continued engagement
with the investment community as we execute our growth plans to
create shareholder value.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
ABOUT CORE SCIENTIFIC
Core Scientific is one of the largest publicly traded blockchain
data center providers and miners of digital assets in North
America. Core Scientific has operated blockchain data centers in
North America since 2017, using its facilities and intellectual
property portfolio that has grown to more than 70 patents or
applications for collocated digital asset mining and self-mining.
Core Scientific operates data centers in Georgia, Kentucky, North
Carolina, North Dakota and Texas, and expects to commence
operations in Oklahoma in the second half of 2022. Core
Scientific’s proprietary Minder® fleet management software combines
the Company’s colocation expertise with data analytics to deliver
maximum uptime, alerting, monitoring and management of all miners
in the Company’s network. To learn more, visit
http://www.corescientific.com.
ABOUT FTSE RUSSELL
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $20
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
For additional media and information, please follow
us
https://www.linkedin.com/company/corescientific/
https://twitter.com/core_scientific
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version on businesswire.com: https://www.businesswire.com/news/home/20220627005289/en/
Investors: Steven Gitlin ir@corescientific.com
Media: press@corescientific.com
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