Business
Core Scientific Set to Join Russell 3000® Index
AUSTIN, Texas--(BUSINESS WIRE)-- Core Scientific, Inc. (NASDAQ: CORZ) ("Core Scientific" or “the Company”), a leader in high-performance blockchain data
About this update from Core Scientific, Inc.
[{"type":"text","content":" AUSTIN, Texas--(BUSINESS WIRE)--\nCore 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.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220627005289/en/Core Scientific's Marble, NC Data Center (Photo: Business Wire)\nAnnual 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.\n\n“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.”\n\nRussell 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.\n\nFor more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.\n\nABOUT CORE SCIENTIFIC\n\nCore 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 f...