Core Scientific Announces Fiscal Third Quarter 2024 Results
Core Scientific, Inc. (CORZ)
Company Research
Source: Business Wire
Fiscal Third Quarter 2024 HighlightsIncurred net loss of $455.3 million due primarily to a net $408.5 million non-cash mark-to-market adjustment to our warrants and other contingent value right liabilities required as a result of significant quarter-over-quarter increase in the value of our equityGenerated operating loss of $41.2 million, an increase of $29.2 million over third quarter 2023Realized adjusted EBITDA of $10.1 millionCustomer initiated option exercises resulted in an additional 112 MW during the third quarter and the remaining 120 MW in the fourth quarter for a total of approximately 500 megawatts of critical IT load to host high-performance computing (“HPC”), representing total potential revenue of approximately $8.7 billion over 12-year contractsCompleted $460 million convertible note offering and used approximately $211.2 million of the net proceeds to repay existing senior debt, reducing interest rate from as high as 12.5% to 3% for the convertible notes and eliminati
Show less
Read more
Impact Snapshot
Event Time:
CORZ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CORZ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CORZ alerts
High impacting Core Scientific, Inc. news events
Weekly update
A roundup of the hottest topics
CORZ
News
- Core Scientific Announces Approval of Lease Amendments with the City of Denton to Enable High-Performance Computing ExpansionBusiness Wire
- Promoters tout data center's economic potential [Yahoo! Finance]Yahoo! Finance
- Core Scientific and Port Muskogee Break Ground on 100 MW HPC Data CenterBusiness Wire
- Core Scientific, Inc. (NASDAQ: CORZ) was upgraded by analysts at Roth Capital to a "strong-buy" rating.MarketBeat
- Core Scientific, Inc. (NASDAQ: CORZ) had its price target raised by analysts at BTIG Research from $15.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
CORZ
Earnings
- 11/6/24 - Miss
CORZ
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 144
- 11/12/24 - Form 4
- CORZ's page on the SEC website