Core Scientific, Inc. · NASDAQ:CORZ
Core Scientific — Merger or Acquisition (June 2024)
8 slides from Core Scientific's merger presentation, Jun 3, 2024
Slide 1: Core Scientific Announces Strategic Expansion of HPC Business with Multi-Year CoreWeave Hosting Agreements
Core Scientific Announces Strategic Expansion of HPC Business with Multi-Year CoreWeave Hosting Agreements JUNE 3, 2024 1 JUNE 3, 2024
Slide 2: Forward-looking statements
Forward-looking statements This presentation of Core Scientific, Inc. (the “Company”) 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 “aim,” “estimate,” “plan,”
Slide 3: Transaction highlights
Transaction highlights Core Scientific enters into definitive agreements with CoreWeave to expand high-performance compute (“HPC”) business¹, with optionality for meaningful further expansion at other Core Scientific sites Strategic Growth Financial Represents a significant step Taps into rapidly Co
Slide 4: Transaction summary
Transaction summary Operational: Financial: Strengthens strategic relationship with CoreWeave, Efficiently delivers 100% of costs to build out the AI Hyperscaler that just raised $7.5Bn in multiple sites to be cutting-edge, application- financing to continue its HPC expansion¹ specific data centers
Slide 5: Addresses Extensive and Rapidly Growing Market
Addresses Extensive and Rapidly Growing Market Core Scientific is uniquely positioned to capitalize on strong and sustained demand for high-power data center capacity 160 Estimated global data center demand (GW, incremental to 2023) 152 Base Case Accelerated Case 140 126 120 106 126 100 90 110 77 80
Slide 6: Complements current business model with expected stable, long-term and high margin revenue
Complements current business model with expected stable, long-term and high margin revenue Q1 2024 Operational Spec MW¹ Total Spec MW² Capacity – Pro Forma HPC 2% HPC³ BTC Mining & 25% Hosting 40% ~760 ~1,200 MW MW BTC Mining & Potential BTC to Hosting HPC Modification 98% 35% Lower exposure to Gain
Slide 7: Key Expected Benefits
Key Expected Benefits Upgrades Expands Amplifies access business model exposure to Continues build- to fast-growing, with stable, long- dollar- out of HPC extensive term and high denominated and capabilities hyperscale data margin revenue contracted center market stream revenue Moderates Improves as
Slide 8: Thank you!
Thank you! Investor Relations (737) 931-1351 ir@corescientific.com Corescientific.com