Slide 1: Second Quarter 2026 Earnings Call
Second Quarter 2026 Earnings Call July 28, 2026 1
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”). Forward-looking statements ma
Slide 3: Core Scientific Overview
Core Scientific Overview Core Scientific is a leader in digital infrastructure for high- density colocation (“HDC”), operating dedicated, purpose- built facilities designed to support artificial intelligence (“AI”) and other compute-intensive workloads. We also provide digital infrastructure and rel
Slide 4: Integrated Colocation Platform
Site & Infrastructure Access Delivery & Build Execution Operations & Scalable Growth Find & Secure Sites Design & Engineer Operate & Maintain 1 5 8 Identify, evaluate, and secure Translate customer requirements Operate and maintain sites with available power, strong into tailored designs that keep i
Slide 5: Over 1 GW of Customer Contracted Capacity
Over 1 GW of Customer Contracted Capacity Significant expansion potential through the AMD relationship for over 3 GW of customer contracted capacity CoreWeave AMD + Neocloud Additional Grid Power Load Study & BTM Phase 1: Initial Deal AMD Expansion Opportunity AMD Expansion Opportunity ~590 MW ~530
Slide 6: Initial delivery for AMD is expected in early 2027
Initial delivery for AMD is expected in early 2027 With the full 530 MW delivered by the end of 2028 1H 2027 2H 2027 1H 2028 Pecos, TX Auburn, AL Muskogee, OK Dalton, GA Hunt County, TX 6 Est. 1H 2027 initial delivery Est. 1H 2027 initial delivery Est. 2H 2027 initial delivery Est. 2H 2027 initial d
Slide 7: Investment Highlights
Investment Highlights Established expertise Attractive business model Demand & growth visibility 150+ years of combined Colocation contracts deliver $24B+ contracted capacity, data center leadership compelling economics and ~$1.8B average annualized experience strong margins colocation GAAP revenue
Slide 8: CoreWeave Relationship Overview
CoreWeave Relationship Overview 8
Slide 9: Nearing full completion of the CoreWeave buildout
Nearing full completion of the CoreWeave buildout Site MW Leased Status MW Billing Substantially Denton, TX ~260 MW ~260 complete Est. completion Dalton, GA ~175 MW ~30 early 2027 Muskogee, OK ~70 MW ~70 Marble, NC ~65 MW ~65 Austin, TX ~20 MW ~20 Total ~590 MW Early 2027 Over 430 MW* 9 completion *
Slide 10: CoreWeave Contract Summary
CoreWeave Contract Summary 12-year contract No ability to unilaterally ~590MW infrastructure with two 5-year options 3 terminate, with aligned joint ~800MW gross execution risk $10B+ in revenue potential Take-or-pay contract over the contracts’ term at a fixed cost, with annual escalator ~$850M aver
Slide 11: Appendix
Appendix 11
Slide 12: Average build cost breakdown
Average build cost breakdown Estimating $11 million - $12 million / MW as an average capex range for the site buildouts With three broader buckets making up 100% of our costs, excluding tenant fit out costs which range from $1 million - $2 million / MW Soft costs Design engineering, permitting, util
Slide 13: Term Library
Term Library Term Definition How management uses it Total electric utility power capacity agreements associated with our data Gross Utility Power Capacity (MW) center sites under our control as of period end, including capacity that is Used for portfolio planning and utility power allocation discuss
Slide 14: Colocation Revenue & Billing MW Progression
Colocation Revenue & Billing MW Progression 395 225 120 4Q25 1Q26 2Q26 Billing MW Data presented in MW $136.70 $77.5 $31.3 4Q25 1Q26 2Q26 14 Colocation revenue Data presented in $M
Slide 15: Pro Forma Share Count as of July 23, 2026
Pro Forma Share Count as of July 23, 2026 Million shares ~187M shares 28 508 42 16 95 6 321 Sharecount Tranche 1 Warrants Tranche 2 Warrants Restricted Stock and August 2024 December 2024 Total Pro Forma @ July 23, 2026 Performance Based Units Convertible Note Convertible Note Diluted Share Count 15
Slide 16: Contact
Contact ir@corescientific.com 16