Core Scientific, Inc. Tranche 2 Warrants - CORZZ STOCK NEWS

Welcome to our dedicated page for Core Scientific Tranche 2 Warrants news (Ticker: CORZZ), a resource for investors and traders seeking the latest updates and insights on Core Scientific Tranche 2 Warrants stock.

Core Scientific Inc is a leading company in the Blockchain and AI Infrastructure sector, providing Digital Asset Self-Mining, Premium Hosting, and Blockchain Technology services. With a focus on equipment sales and hosting, Core Scientific operates a robust blockchain infrastructure and offers third-party hosting services. The company's mining segment engages in digital asset mining activities, generating revenue from operating computer equipment for processing transactions on blockchain networks.

07/12/2024 08:10 AM

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Core Scientific Announces Tranche 2 Warrants Triggering Event

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Core Scientific (NASDAQ: CORZ) has announced that its tranche 2 warrants (CORZZ) are now exercisable until January 23, 2029. This follows the satisfaction of the “TEV Triggering Event” as per the Warrant Agreement with Computershare. The event occurred after the daily volume weighted average trading price (VWAP) of Core Scientific’s common stock exceeded $8.72 for 20 consecutive trading days, closing on July 11, 2024. There are 81,927,898 tranche 2 warrants outstanding, each exercisable into one share of common stock at an exercise price of $0.01 per share. CEO Adam Sullivan attributed this milestone to the company’s strong operational and trading performance, highlighting their ongoing diversification strategy in HPC hosting and bitcoin mining.

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03/05/2024 04:30 PM

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Core Scientific, Inc. Schedules Full Fiscal Year 2023 Earnings Release, Conference Call and Webcast

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Core Scientific, Inc. (NASDAQ: CORZ) will release its financial results for the full fiscal year ended December 31, 2023, on March 12, 2024. The conference call and webcast to discuss the results will be hosted by the CEO, CFO, and SVP of Investor Relations.

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03/05/2024 04:19 PM

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Core Scientific Announces February 2024 Production and Operations Updates

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Core Scientific, Inc. provided an update for February 2024, operating 222,000 bitcoin miners and earning 893 self-mined bitcoin with customers earning 307 bitcoin. The company increased its self-mining hash rate, completed all payments for miner orders in 2024, and focused on new miner purchases and infrastructure growth.

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02/05/2024 09:10 AM

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Core Scientific Announces January 2024 Production and Operations Updates

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Core Scientific, Inc. (Nasdaq: CORZ) released production and operations updates for January 2024, including self-mined bitcoin production, fleet energy efficiency, and expansion plans. The company produced 1,027 self-mined bitcoin and 354 hosted miners' bitcoin, with improved fleet efficiency by 5%. They also relisted on Nasdaq with a strengthened balance sheet and a growth plan for additional infrastructure in Texas. Core Scientific aims to reduce leverage and position itself favorably for the upcoming halving.

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01/23/2024 04:30 PM

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Core Scientific, Inc. Emerges from Chapter 11 with Strengthened Balance Sheet and Enhanced Competitive Position

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Core Scientific, Inc. successfully completes reorganization pursuant to Chapter 11 of the United States Bankruptcy Code. Expects to list its common stock, tranche 1 warrants, and tranche 2 warrants on the Nasdaq Global Select Market under the symbols CORZ, CORZW, and CORZZ on January 24, 2024. The reorganization reduced the company's debt by $400 million and provides a pathway to de-lever the balance sheet further, with sufficient liquidity from a new credit facility and projected operating cash flow. The company operates as one of the largest bitcoin miners in North America, with 724 megawatts of power and 16.9 exahash of energized hash rate for bitcoin mining. Core Scientific also announced its new Board of Directors, comprising six new independent directors with relevant expertise to guide the company's growth.

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FAQ

What is the current stock price of Core Scientific Tranche 2 Warrants (CORZZ)?

The current stock price of Core Scientific Tranche 2 Warrants (CORZZ) is $13.95 as of January 10, 2025.

What services does Core Scientific Inc provide?

Core Scientific Inc offers Blockchain and AI Infrastructure services, Digital Asset Self-Mining, Premium Hosting, and Blockchain Technology solutions.

How does Core Scientific generate revenue?

Core Scientific generates revenue through the sale of consumption-based contracts, hosting services, and digital asset mining activities.

What is the focus of Core Scientific's operations?

Core Scientific focuses on equipment sales, hosting services, and digital asset mining activities within the Blockchain and AI Infrastructure sector.

What segments does Core Scientific operate in?

Core Scientific operates in the Equipment Sales and Hosting segment, as well as the Mining segment for digital asset mining activities.

What sets Core Scientific apart in the industry?

Core Scientific stands out for its robust blockchain infrastructure, third-party hosting services, and expertise in digital asset mining operations.

How does Core Scientific contribute to blockchain technology?

Core Scientific contributes to blockchain technology through its infrastructure services, hosting solutions, and participation in processing blockchain transactions.

What is the revenue model for Core Scientific's digital asset mining segment?

The digital asset mining segment of Core Scientific earns revenue by processing transactions on blockchain networks and receiving digital currency assets in exchange.

What makes Core Scientific a key player in the industry?

Core Scientific's focus on Blockchain and AI Infrastructure, Digital Asset Self-Mining, and Premium Hosting services solidify its position as a key player in the market.

How does Core Scientific support its customers?

Core Scientific supports its customers through equipment sales, hosting solutions, and digital asset mining services tailored to their needs.

What are Core Scientific's core business areas?

Core Scientific's core business areas include Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, and Blockchain Technology services.

Does Core Scientific, Inc. offer any partnership programs?

Core Scientific, Inc. provides partnership programs in the Blockchain and AI Infrastructure sector, offering collaborative opportunities for industry players.