Slide 1: Fourth Quarter Fiscal 2025 Earnings Call
Fourth Quarter Fiscal 2025 Earnings Call March 2, 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 services. We operate dedicated, purpose-built facilities for high-density colocation services and are a premier provider of digital infrastructure, software solutions and services to our third-
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 800 MW of announced leasable power capacity
Over 800 MW of announced leasable power capacity contracted sites Customer leasable sites Denton, TX Hunt County, TX Leased power: ~260MW Leasable power: ~285MW Dalton, GA Pecos, TX Leased power: ~175MW Leasable power: ~200MW Muskogee, OK Dalton, GA Leased power: ~70MW Leasable power: ~120MW Marble,
Slide 6: Total Leasable Power Pipeline
Total Leasable Power Pipeline* Our current power pipeline has ~1.5 GW of customer leasable power potential ~700 MW ~1.5 GW ~285 MW ~520 MW UNANNOUNCED LEASABLE CUSTOMER NEW HUNT COUNTY, TX POWER OPPORTUNITIES LOCATION CURRENT LEASABLE TOTAL LEASABLE CAPACITY AT EXISTING CUSTOMER SITES POWER PIPELINE
Slide 7: Investment Highlights
Investment Highlights Established expertise Attractive business model Demand & growth visibility 150+ years of combined Colocation contracts deliver 12-year, $10B+ CoreWeave data center leadership compelling economics and contract, ~$850M average experience strong margins annual revenue run rate A l
Slide 8: Expansion into Hunt County
Expansion into Hunt County brings Texas footprint to ~485 MW* in leasable power capacity Hunt County Site Details Agreement to acquire LLC owning ~265 acres Denton Hunt ~430 MW of gross capacity Dallas ~285 MW of leasable customer power capacity Pecos Austin Begin energization in 2027, ramping to fu
Slide 9: Construction Update
Construction Update 185+ MW ~350 MW 65K+ ~1M Sq Ft ~5M $5B+ Billable Capacity Energized to Customer GPUs Of Data Center Shells Total Labor Hours Through Total Aggregate Delivered to Date Date Supported Constructed Construction Project Investments ✓ Broke ground on 5 AI factories supporting ~590 MW c
Slide 10: CoreWeave Relationship Overview
CoreWeave Relationship Overview 10
Slide 11: CoreWeave is contracted for ~590 MW of leased customer power capacity
CoreWeave is contracted for ~590 MW of leased customer power capacity across 5 of our sites Denton, TX Leased power: ~260MW Dalton, GA Leased power: ~175MW Muskogee, OK Leased power: ~70MW Marble, NC Leased power: ~65MW Austin, TX Leased power: ~20MW Total leased power ~590 MW 11
Slide 12: Contract summary
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 average annual
Slide 13: Appendix
Appendix 13
Slide 14: Restatement Overview
Restatement Overview • In connection with the transition to KPMG as independent auditor, we identified an accounting error related to the treatment of certain Property, Plant and Equipment (PP&E) associated with legacy mining-to-colocation site conversions going back to 2024 • Demolition costs and e
Slide 15: 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 16: Contact
Contact ir@corescientific.com 16