Core Scientific, Inc. · NASDAQ:CORZ
Core Scientific — H.C. Wainwright 25th Annual Global Investment Conference (September 2023)
15 slides from Core Scientific's conference presentation, Sep 12, 2023
Slide 1: H.C. Wainwright Global Investment Conference
H.C. Wainwright Global Investment Conference Adam Sullivan Chief Executive Officer September 12, 2023
Slide 2: Legal Disclaimer
Legal Disclaimer Forward-Looking Statements This presentation includes “forward-looking statements'' within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward- looking statements may be identified by the use of words such as “es
Slide 3: Core Scientific Snapshot
Core Scientific Snapshot High-Power Data Centers for Bitcoin Self-Mining and Hosting OTC: $247.6M 5 U.S. States 724MW Data Center Locations CORZQ First Half 2023 Revenue (Unaudited) Current operational capacity 1 31.1 ~145,000 15.1 EH/s 372MW Company-Owned Self-Mining BTC/Day Planned Capacity Growth
Slide 4: 724 Megawatts
Denton, TX Dalton, GA Calvert City, KY Marble, NC 724 Megawatts Current Capacity Grand Forks, ND Pecos, TX
Slide 5: Data Center Infrastructure
Data Center Infrastructure Developing and Operating High-Power Data Centers Since 2017 Current Land Operational Location Ownership Buildings (ft2) Status (acres) Capacity (in MW)(1) Marble, NC Owned 70 104 +/- 250,000 At Capacity Dalton, GA Owned 20 195 +/- 300,000 At Capacity Calvert City, KY Owned
Slide 6: Core Scientific has Mined More Bitcoin This Year than Any Other Listed Company in North America
Core Scientific has Mined More Bitcoin This Year than Any Other Listed Company in North America YTD Self-Mined Bitcoin Production as of 8/31/23 9,756 7,369 4,729 4,628 3,281 Note : All bitcoin production and Hashrate data from company press releases PROPRIETARY & CONFIDENTIAL SEPTEMBER 12, 2023 6
Slide 7: Core Scientific Delivers Superior Productivity at Scale
Core Scientific Delivers Superior Productivity at Scale August Bitcoin Production Per Average Energized Exahash 25 90 Aug. Bitcoin Produced per Average Energized Hash 78.0 80 73.5 20 70 64.1 Energized Exahashes 56.6 60 15 50 40 Rate 10 31.1 30 5 20 10 19.1 15.1 10.7 9.3 5.56 0 0 M ARA COR Z RIOT CLS
Slide 8: Full-Spectrum Data Center and Operations Support Self-Mining and Hosting
Full-Spectrum Data Center and Operations Support Self-Mining and Hosting MINING AND HOSTING ARE LOGISTICALLY SIMILAR Self-Mining Deploying technology and Procure Miners Produce Bitcoin infrastructure, including power and facilities, to operate digital asset rewards for Core Sell Bitcoin for miners f
Slide 9: 2023 Selected Quarterly Financial Results
2023 Selected Quarterly Financial Results First Quarter Second Quarter YTD Fiscal Full Fiscal (Thousands except percentages and per share amounts) Fiscal 2023 Fiscal 2023 2023 2022 (Unaudited) (Unaudited) (Unaudited) $120,655 $126,912 $247,567 $640,313 Revenue Cost of Revenue 88,874 89,953 $178,827
Slide 10: Digital Asset Mining Represented 76% of Second Quarter Revenue and Declined by 12% from the Previous Year
Digital Asset Mining Represented 76% of Second Quarter Revenue and Declined by 12% from the Previous Year Year-Over-Year Second Quarter Second Quarter 2023 Revenue Mix Revenue by Segment (Unaudited) (In Millions, Unaudited) $180 $160 $140 24% $120 $109.8 $100 $80 $97.1 $60 76% $40 $15.2 $- $20 $38.9
Slide 11: Experienced Leadership Team
Experienced Leadership Team ADAM SULLIVAN DENISE STERLING TODD DUCHENE MICHAEL BROS CEO CFO EVP, Chief Legal & Admin Officer SVP, Capital Markets & Acquisitions MATT BROWN SANGEETA CAMPOS PURI RUSSELL CANN STEVEN GITLIN EVP, Data Center Services VP, People Operations EVP, Client Services SVP, Invest
Slide 12: Securing and Powering the Bitcoin Network
Securing and Powering the Bitcoin Network 12
Slide 13: Questions
Questions ir@corescientific.com SEPTEMBER 12, 2023 13
Slide 14: Appendix A: Reconciliation of Adjusted EBITDA
Reconciliation of Second Quarter Fiscal Year 2022-2023 Adjusted EBITDA (Unaudited, Thousands) Six Months Ended June 30, 2023 2022 Net (loss) income $ (9,648) $ (1,276,679) Adjustments: Appendix A Interest expense, net 121 48,792 Income tax expense 233 (6,244) Depreciation and amortization 40,567 91,
Slide 15: Appendix B: Reconciliation of Adjusted Earnings Per Share
Reconciliation of Second Quarter Fiscal Year 2022-2023 Adjusted Earnings Per Share (Unaudited) Six Months Ended June 30, 2023 2022 Net (loss) income per diluted share $ (0.03) $ (4.04) Adjustments: Appendix B Interest expense, net — 0.15 Income tax expense — (0.02) Depreciation and amortization 0.11
Core Scientific — H.C. Wainwright 25th Annual Global Investment Conference (September 2023) on 6ix