Core Scientific, Inc. · NASDAQ:CORZ
Core Scientific — Core Scientific, Inc./tx — Investor Presentation (October 2025)
16 slides from Core Scientific's investor presentation, Oct 30, 2025
Slide 1: Investor Presentation
Adam Sullivan, CEO Jim Nygaard, CFO Matt Brown, COO October 30, 2025 Investor Presentation
Slide 2: Forward-Looking Statements
2 FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding projections, estimates and forecasts of revenue and othe
Slide 3: Key investment highlights
Key investment highlights Leadership team brings over of 150-years of combined experience building data center infrastructure Strong balance sheet provides future financial flexibility to execute on strategic growth opportunities Sales pipeline remains robust and includes a mix of hyperscale and non
Slide 4: Expanding our portfolio of powered digital infrastructure
Expanding our portfolio of powered digital infrastructure Denton, Texas Total Billable Power ~260MW Customer Pecos, Texas Total Billable Power ~200MW Site Status Future Colocation Site Dalton, Georgia Total Billable Power ~175MW Customer Calvert City, Kentucky Total Billable Power ~100MW Site Status
Slide 5: We maintain a robust, and growing, power expansion pipeline
We maintain a robust, and growing, power expansion pipeline Current Colocation Power Expansion Pipeline ~2.3 GW in existing and future gross power allocations from utility partners ~1.5 GW in existing and future billable power available for colocation contracts = In addition to the ~2.3 GW of gross
Slide 6: CoreWeave contract summary
~590 MW infrastructure (~800 MW gross) Over $10 Billion In revenue potential over contracts’ term ~$850 Million avg. annual run rate revenue1 75% to 80% anticipated profit margin2 12-year contracts with two 5-year options3 Client pays for capex4, power and utilities CoreWeave contract summary Repres
Slide 7: On track to energize MW by the end of 2025 and 590 MW by early 2027
On track to energize 250 MW by the end of 2025 and a total of 590 MW by early 2027 ~20 MW Site Delivery Plan Target Denton, TX ~260 MW Dalton, GA ~175 MW Muskogee, OK ~70 MW Marble, NC ~65 MW Austin, TX ~20 MW Total ~590 MW Estimated Contracted High-Density Colocation MW by Site Final Site Rendering
Slide 8: Key Contract Features
8 Key Contract Features Contract Detail Contract Type Take-or-pay Customer is committed to paying for contracted capacity, regardless of utilization Ability to Terminate No ability to unilaterally terminate the contract Cost Fixed price Price is set upfront, including an annual escalator regardless
Slide 9: ~120+ MW Energized Across Denton & Marble Sites
9 ~120+ MW Energized Across Denton & Marble Sites Contracted site construction progress Precast Building Completed at Dalton 1 & Muskogee Sites Denton Marble Dalton Muskogee
Slide 10: Data center team with 150+ years of combined experience
10 Rob Hepler Head of Data Center Operations Matt Tyndall Head of Site Development Trip Guinan VP of Site Development Chip Scaglione VP of Site Development Kelsey Gallagher VP of Site Development JP Balajadia Sr. Director of Site Dev Jon Gibbs Sr. Director of Site Dev Data center team with 150+ year
Slide 11: What to expect by Q4 earnings
ORE SCIENTIFIC 11 What to expect by Q4 earnings Signing of at least one new colocation customer 1 One or more new power contract(s) at existing site(s) 2 New major power contract and site in top US market 3 Additional details on scalable financing approach 4
Slide 12: Appendix
12 Appendix
Slide 13: Customer contract and billing process
13 Customer Contract Executed Pay Vendors for Assetsand Services Site Revenue and Billing Commencement 1 Pass Through and Variable Service Execute Order Form Pay Vendors for Assetsand Services Available for Exclusive Use and Ready for Service Power, Utilities and Variable Svs. Rev. Contract executed
Slide 14: Pro forma share count – September 30, 2025
Pro forma share count – September 30, 2025 $ Millions 310 97 10 24 42 28 511 Sharecount Tranche 1 Warrants Tranche 2 Warrants Restricted Stock and August 2024 December 2024 Total Pro Forma @ October 20, 2025 Performance Based Units Convertible Note Convertible Note Diluted Share Count ~201M Shares
Slide 15: Contracted site construction progress: Denton and Muskogee
15 Denton May 2025 Denton October 2025 Muskogee May 2025 Muskogee October 2025 Contracted site construction progress
Slide 16: Contracted site construction progress: Marble and Dalton
16 Marble May 2025 Marble October 2025 Dalton 1 May 2025 Dalton 1 October 2025 Contracted site construction progress
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