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Core Scientific Announces January 2025 Production and Operations Updates

1. Core Scientific earned 256 self-mined Bitcoin in January 2025. 2. Average self-mined Bitcoin earned per day decreased to 8.3 from 9.4. 3. Total energized hash rate fell to 19.5 EH/s, down from 20.1 EH/s. 4. Hosting customers earned 17 Bitcoin in January, slightly lower than December's 18. 5. The company delivered over 48,000 MWh back to local electrical grids.

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Why Neutral?

The decrease in Bitcoin mined and hash rate may concern investors, but stability in operations mitigates severe impacts. Past volatility has shown that operational changes have mixed results on price performance.

How important is it?

Production updates impact investor confidence and market perception of profitability. Positive metrics normally bolster stock, while declines can lead to heightened caution.

Why Short Term?

Immediate production results tend to influence short-term stock fluctuations. Longer-term strategic changes might provide more stable trends.

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Core Scientific Announces January 2025 Production and Operations Updates

Earned 256 Self-Mined Bitcoin; Our Customers Earned an Estimated 17 Bitcoin at Our Data Centers in January

AUSTIN, Texas--()--Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for high-performance computing and bitcoin mining, today released unaudited production and operations updates for January 2025.

Key Metrics Summary (unaudited)

Metric January 2025 December 2024
Self-Mining Bitcoin Earned1 256 291
Hosting Bitcoin Earned by Customers2 17 18
Average Self-Mined Bitcoin Earned/Day 8.3 9.4
Self-Mining Energized Hash rate3 18.5 19.1
Hosting Energized Hash rate4 1.0 1.0

Data Centers

As of month-end, the Company operated approximately 161,000 bitcoin miners in our data centers for both self-mining and hosting, representing a total energized hash rate of 19.5 EH/s.

Digital Asset Self-Mining

Core Scientific earned 256 bitcoin in January from its owned fleet of miners. As of month end, the Company operated approximately 161,000 owned bitcoin miners, representing approximately 96% of the bitcoin miners operating in its data centers and a total energized hash rate of 18.5 EH/s.

Hosting Services for Bitcoin Mining

In addition to its self-mining fleet, Core Scientific provided data center hosting services, technology and operating support for approximately 7,000 hosted, customer-owned bitcoin miners, representing approximately 4% of the bitcoin miners operating in the Company’s data centers as of January 31, 2025. Customer-owned bitcoin miners earned an estimated 17 bitcoin in January.

Grid Support

The Company reduced the consumption of power at its data centers on multiple occasions, delivering 48,236 megawatt hours to local electrical grids.

ABOUT CORE SCIENTIFIC

Core Scientific, Inc. is a leader in digital infrastructure for digital assets mining and high-performance computing. We operate dedicated, purpose-built facilities for digital asset mining and are a premier provider of digital infrastructure to our third-party customers.

FORWARD LOOKING STATEMENTS AND EXPLANATORY NOTES

This press release contains “forward-looking statements”... (truncated for brevity)

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