Core Scientific, Inc. · NASDAQ:CORZ
Core Scientific — Investor Presentation (October 2025)
17 slides from Core Scientific's investor presentation, Oct 30, 2025
Slide 1: Investor Presentation
Investor Presentation Adam Sullivan, CEO Jim Nygaard, CFO Matt Brown, COO October 30, 2025
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation 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
Slide 3: Key investment highlights
Key investment highlights 12-yr contracts with CoreWeave provide >$10 Billion in total contract value and ~$850 Million in avg. annual run rate revenue Colocation contracts deliver compelling economics and strong margins Sales pipeline remains robust and includes a mix of hyperscale and non-hypersca
Slide 4: Expanding our portfolio of powered digital infrastructure
Expanding our portfolio of powered digital infrastructure ~1.4 GW of Existing Gross Power Capacity, Enabling ~1 GW of Client-Billable Power Across 9 U.S. Sites Grand Forks, North Dakota Calvert City, Kentucky Total Billable Power ~70MW Total Billable Power ~100MW Site Status Future Colocation Site S
Slide 5: We maintain a robust, and growing, power expansion pipeline
We maintain a robust, and growing, power expansion pipeline Current Colocation Power Expansion Pipeline ~2.3 GW = ~1.5 GW in existing and future gross power allocations from utility partners in existing and future billable power available for colocation contracts In addition to the ~2.3 GW of gross
Slide 6: CoreWeave contract summary
CoreWeave contract summary ~590 MW Over $10 Billion ~$850 Million infrastructure In revenue potential over avg. annual run rate (~800 MW gross) contracts’ term revenue1 75% to 80% 12-year Client pays anticipated profit margin2 contracts with two for capex4, power and utilities 5-year options3 2025 1
Slide 7: On track to energize 250 MW by the end of 2025 and 590 MW by early 2027
On track to energize 250 MW by the end of 2025 and a total of 590 MW by early 2027 Cumulative Energization Timeline for Existing CoreWeave Contracted Capacity ~20 MW 250 MW 590 MW 2025 2026 2027 Estimated Contracted High-Density Colocation MW by Site Final Site Renderings Denton Marble Site Delivery
Slide 8: CoreWeave contract detail
CoreWeave contract detail Key Contract Features Contract Detail Take-or-pay Contract Type Customer is committed to paying for contracted capacity, regardless of utilization Ability to Terminate No ability to unilaterally terminate the contract Fixed price Cost Price is set upfront, including an annu
Slide 9: Contracted site construction progress
Contracted site construction CoreWeave construction progress progress ~120+ MW Energized Across Denton & Marble Sites Denton Marble Precast Building Completed at Dalton 1 & Muskogee Sites Dalton Muskogee 9
Slide 10: Data center team with 150+ years of combined experience
Data DataCenter centerteam teamwith with150+ 150+ years of combined years of combinedexperience experience Matt Brown Matt Tyndall Ro b Hepler Ch ief Operations Officer Head of Site Development Head of Data Center Operations Trip Guinan Ch ip Scaglione Kels ey Gallagher JP Balajadia Jon Gibb s VP of
Slide 11: What to expect by Q4 earnings
1 Signing of at least one new colocation customer 2 One or more new power contract(s) at existing site(s) What to expect by Q4 earnings 3 New major power contract and site in top US market 4 Additional details on scalable financing approach 11 CORE SCIENTIFIC
Slide 12: Appendix
@ Appendix CORE SCIENTIFIC
Slide 13: CoreWeave Colocation Contracts Double Click
CoreWeave Colocation Contracts Double Click 1 2 3 4 Customer Contract Executed Pay Vendors for Assets and Services Site Revenue and Billing Commencement 1 Pass Through and Variable Service Execute Order Form Pay Vendors for Assets and Services Available for Exclusive Use and Ready for Service Power,
Slide 14: Pro forma share count – September 30, 2025
Pro forma share count – September 30, 2025 $ Millions ~201M Shares 28 511 42 24 10 97 310 Sharecount Tranche 1 Warrants Tranche 2 Warrants Restricted Stock and August 2024 December 2024 Total Pro Forma @ October 20, 2025 Performance Based Units Convertible Note Convertible Note Diluted Share Count
Slide 15: Contracted site construction progress
Contracted site construction progress Denton May 2025 Denton October 2025 • Construction Progress Muskogee May 2025 Muskogee October 2025 15
Slide 16: Contracted site construction progress
Contracted site construction progress Marble May 2025 Marble October 2025 Dalton 1 May 2025 Dalton 1 October 2025 16
Slide 17: Core Scientific
oO; CORE SCIENTIFIC CORE SCIENTIFIC
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