Core Scientific, Inc. Schedules Full Fiscal Year 2023 Earnings Release, Conference Call and Webcast
March 05 2024 - 4:30PM
Business Wire
Core Scientific, Inc. (NASDAQ: CORZ, CORZW, CORZZ) ("Core
Scientific" or “the Company”), a leader in bitcoin mining and
digital infrastructure for emerging high-value compute, today
announced it will issue financial results for the Company's full
fiscal year ended December 31, 2023 after financial markets close
on Tuesday, March 12, 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 full
fiscal year 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: March 12, 2024 Time: 3:30 PM CT (1:30 PT, 2:30 PM MT, 4:30
PM ET) United States (local): +1 (404) 975-4839 United States
(toll-free): +1 (833) 470-1428 International: +1 (929) 526-1599
Access Code: 822840
Investors with Internet access may listen to the live audio
webcast directly by clicking on this link 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 Tuesday, March 12, 2024, at
approximately 9:30 p.m. Central Time through Tuesday, March 26,
2024 at 11:59 p.m. Eastern Time. Dial +1 (929) 458-6194 (local), +1
(866) 813-9403 (toll-free) or +44 (204) 525-0658 (international)
and enter the access code 426935.
About Core Scientific, Inc.
Core Scientific is one of the largest bitcoin miners and hosting
solutions providers for bitcoin mining in North America.
Transforming energy into high value compute with superior
efficiency at scale, we employ our own large fleet of computers
(“miners”) to earn bitcoin for our own account and provide hosting
services for large bitcoin mining customers at our seven
operational data centers in Georgia (2), Kentucky (1), North
Carolina (1), North Dakota (1) and Texas (2). 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 AND EXPLANATORY NOTES
This press release includes “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements may be identified by the use of
words such as “estimate,” “plan,” “project,” “forecast,” “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. The
Company’s actual results may differ materially from those
anticipated in these forward-looking statements as a result of
certain risks and other factors, which could include, but are not
limited to, the following: risks and uncertainties relating to the
Company’s ability to achieve significant cash flows from
operations; the effects of the emergence from the Company’s chapter
11 cases on the Company’s liquidity, results of operations and
business; the trading price and volatility of the Company’s common
stock; the comparability of the Company’s post-emergence financial
results to its historical results and the projections filed with
the bankruptcy court in the Company’s chapter 11 cases; changes in
the Company’s business strategy and performance, including as a
result of changes to the Company’s board of directors or
management; the possibility that the Company may be unable to
achieve its business and strategic goals; the Company’s
post-bankruptcy capital structure; attraction and retention of key
personnel; the Company’s ability to achieve expected benefits from
restructuring activities; restrictions on the Company’s operations
contained in the agreements governing the Company’s indebtedness;
the Company’s ability to generate sufficient cash to reduce its
indebtedness and its potential need and ability to incur further
indebtedness; the impact of the halving event; actions taken by
third parties, including the Company’s creditors and other
stakeholders, as well as other risk factors set forth in the
Company’s Annual Report on Form 10-K and Quarterly Reports on Form
10-Q filed with the Securities and Exchange Commission. These
statements are provided for illustrative purposes only and are
based on various assumptions, whether or not identified in this
press release, and on the current expectations of the Company’s
management. These forward-looking statements are not intended to
serve, and must not be relied on by any investor, as a guarantee,
an assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of the Company.
These forward-looking statements are subject to a number of risks
and uncertainties, including those identified in the Company’s
reports filed with the U.S. Securities & Exchange Commission,
and if any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
For additional media and information, please follow
us
https://www.linkedin.com/company/corescientific/
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version on businesswire.com: https://www.businesswire.com/news/home/20240305504650/en/
Investors: ir@corescientific.com
Media: press@corescientific.com
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