Core Scientific, Inc. · NASDAQ:CORZ
Core Scientific — Core Scientific, Inc./tx — Q4 2025 Earnings Presentation
17 slides from Core Scientific's earnings presentation, Mar 2, 2026
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
3 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 thir
Slide 4: Integrated colocation platform
4 Integrated colocation platform Site & Infrastructure Access Delivery & Build Execution Operations & Scalable Growth 1 Identify, evaluate, and secure sites with available power, strong network access, and room to expand for high-density operations. Find & Secure Sites 2 Partner with utilities and l
Slide 5: Announced leasable power capacity by site
5 Over 800 MW of announced leasable power capacity Denton, TX Leased power: ~260MW Bold and underlined numbers indicate updates to leasable power disclosed on October 30, 2025 Numbers as of March 2, 2026 Dalton, GA Leased power: ~175MW Muskogee, OK Leased power: ~70MW Marble, NC Leased power: ~65MW
Slide 6: Total leasable power pipeline
6 ~520 MW ~285 MW NEW HUNT COUNTY, TX LOCATION Total Leasable Power Pipeline* CURRENT LEASABLE CAPACITY AT EXISTING SITES ~1.5 GW Our current power pipeline has ~1.5 GW of customer leasable power potential *Does not include ~590 MW of already contracted power ~700 MW UNANNOUNCED LEASABLE CUSTOMER PO
Slide 7: Investment Highlights
Investment Highlights Established expertise 150+ years of combined data center leadership experience Attractive business model Demand & growth visibility A leading North American AI compute infrastructure developer in the last decade 5+ years owning data centers with dedicated tier III GPU hosting a
Slide 8: Advancing our commitments
Advancing our commitments New major power contract and site in top US market Announced an agreement to expand into Hunt County, Texas, adding ~285 MW of customer leasable capacity One or more new power contract(s) at existing site(s) Increased customer leasable capacity by ~300 MW at Dalton and Peco
Slide 9: Expansion into Hunt County, Texas
9 Expansion into Hunt County brings Texas footprint to ~485 MW* in leasable power capacity Pecos Austin Denton Hunt Agreement to acquire LLC owning ~265 acres ~430 MW of gross capacity ~285 MW of leasable customer power capacity Begin energization in 2027, ramping to full power by 2029 Power and ram
Slide 10: Construction Update
Construction Update Billable Capacity Delivered to Date Energized to Date Of Data Center Shells Constructed Total Aggregate Project Investments Customer GPUs Supported Total Labor Hours Through Construction 185+ MW ~350 MW ~1M Sq Ft $5B+65K+ ~5M 10 ✓ Broke ground on 5 AI factories supporting ~590 MW
Slide 11: CoreWeave Relationship Overview
CoreWeave Relationship Overview 11
Slide 12: CoreWeave contracted for ~590 MW across 5 sites
12 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
Slide 13: Contract summary
13 Contract summary ~590MW infrastructure ~800MW gross $10B+ in revenue potential over the contracts’ term ~$850M average annual run rate revenue 1 No ability to unilaterally terminate, with aligned joint execution risk Take-or-pay contract at a fixed cost, with annual escalator Client pays for cape
Slide 14: Appendix
14 Appendix
Slide 15: Restatement Overview
15 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 an
Slide 16: Term library
16 Term library Term Definition How management uses it Gross Utility Power Capacity (MW) Total electric utility power capacity agreements associated with our data center sites under our control as of period end, including capacity that is commissioned for future use. Used for portfolio planning and
Slide 17: Contact
Contact ir@corescientific.com 17
Core Scientific, Inc./tx — Q4 2025 Earnings Presentation on 6ix