Core Scientific, Inc. Schedules Third Quarter Fiscal Year 2024 Earnings Release, Conference Call and Webcast
31 October 2024 - 7:10AM
Business Wire
Core Scientific, Inc. (NASDAQ: CORZ) ("Core Scientific"
or “the Company”), a leader in digital infrastructure for bitcoin
mining and high-performance computing, today announced it will
issue financial results for the Company's fiscal year 2024 third
quarter after financial markets close on Wednesday, November 6,
2024. Management will host a conference call and live audio webcast
to discuss the results at 3:30 p.m. Central Time.
Hosting the call and webcast to review results for the third
quarter 2024 will be Adam Sullivan, Chief Executive Officer, Denise
Sterling, Chief Financial Officer, and Steven A. Gitlin, Senior
Vice President, Investor Relations.
Conference Call and Webcast Event Summary
Date: November 6, 2024 Time: 3:30 PM CST (1:30 PM PST, 2:30 PM
MST, 4:30 PM EST) Participant Dial-In: (877) 407-1875 / (215)
268-9909
Investors with Internet access may listen to the live audio
webcast directly by clicking here or via the Investors section of
the Core Scientific, Inc. website,
https://investors.corescientific.com under “Events and
Presentations.” Please allow 10 minutes prior to the call to
download and install any necessary audio software.
Audio Replay Options
An audio replay of the event will be archived on the Investor
Relations section of the Company’s website at
https://investors.corescientific.com. The audio replay will also be
available via telephone from Wednesday November 6, 2024, at
approximately 7:30 p.m. Central Time through Wednesday, November
19, 2024 at 11:59 p.m. Eastern Time. Dial (877) 660-6853 / (201)
612-7415 and use Access ID: 13749193.
About Core Scientific, Inc.
Core Scientific, Inc. (“Core Scientific” or the “Company”) is a
leader in digital infrastructure for bitcoin mining and
high-performance computing. We operate dedicated, purpose-built
facilities for digital asset mining and are a premier provider of
digital infrastructure to our third-party customers. We employ our
own large fleet of computers (“miners”) to earn digital assets for
our own account and to provide hosting services for large bitcoin
mining customers and we are in the process of allocating and
converting a significant portion of our eight operational data
centers in Georgia (2), Kentucky (1), North Carolina (1), North
Dakota (1) and Texas (3), and our facility in development in
Oklahoma to support artificial intelligence-related workloads under
a series of contracts that entail the modification of certain of
our data centers to deliver hosting services for high-performance
computing (“HPC”). We derive the majority of our revenue from
earning bitcoin for our own account (“self-mining”). To learn more,
visit www.corescientific.com.
FORWARD LOOKING STATEMENTS
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, statements regarding projections, estimates and forecasts of
revenue and other financial and performance metrics, projections of
market opportunity and expectations, the Company’s ability to
scale, and grow its business and execute on its growth plans and
hosting contracts, source clean and renewable energy, the
advantages, and expected growth, and anticipated future revenue of
the Company, and the Company’s ability to source and retain talent.
You can identify forward-looking statements by the fact that they
do not relate strictly to historical or current facts. These
statements may include words such as “aim,” “estimate,” “plan,”
“project,” “forecast,” “goal,” “intend,” “will,” “expect,”
“anticipate,” “believe,” “seek,” “target” or other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. All forward looking
statements are subject to risks and uncertainties that may cause
actual results to differ materially, including: our ability to earn
digital assets profitably and to attract customers for our digital
asset and high performance compute hosting capabilities; our
ability to perform under our existing colocation agreements, our
ability to maintain our competitive position in our existing
operating segments, the impact of increases in total network hash
rate; our ability to raise additional capital to continue our
expansion efforts or other operations; our need for significant
electric power and the limited availability of power resources; the
potential failure in our critical systems, facilities or services
we provide; the physical risks and regulatory changes relating to
climate change; our vulnerability to physical security breaches,
which could disrupt our operations; a potential slowdown in market
and economic conditions, particularly those impacting high
performance computing, the blockchain industry and the blockchain
hosting market; the identification of material weaknesses in our
internal control over financial reporting; price volatility of
digital assets and bitcoin in particular; potential changes in the
interpretive positions of the SEC or its staff with respect to
digital asset mining firms; the increasing likelihood that U.S.
federal and state legislatures and regulatory agencies will enact
laws and regulations to regulate digital assets and digital asset
intermediaries; increasing scrutiny and changing expectations with
respect to our ESG policies; the effectiveness of our compliance
and risk management methods. Any such forward-looking statements
represent management’s estimates and beliefs as of the date of this
press release. While we may elect to update such forward-looking
statements at some point in the future, we disclaim any obligation
to do so, even if subsequent events cause our views to change. Year
over year comparisons are based on the combined results of Core
Scientific and its acquired entities.
Although the Company believes that in making such
forward-looking statements its expectations are based upon
reasonable assumptions, such statements may be influenced by
factors that could cause actual outcomes and results to be
materially different from those projected. The Company cannot
assure you that the assumptions upon which these statements are
based will prove to have been correct. Additional important factors
that may affect the Company’s business, results of operations and
financial position are described from time to time in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2023,
Quarterly Reports on Form 10-Q and the Company’s other filings with
the Securities and Exchange Commission. The Company does not
undertake any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise, except as may be required by applicable law.
For additional media and information, please follow
us
https://www.linkedin.com/company/corescientific/
https://X.com/core_scientific
https://www.youtube.com/@Core_Scientific
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