Bankruptcy: Core Scientific, Inc./tx

Form Type: DEF 14A

Filing Date: 2025-03-28

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000119312525065652

Filing Summary: Core Scientific, Inc. has emerged from Chapter 11 bankruptcy as of 2024, transitioning from a Bitcoin mining operation to a provider of high-performance computing (HPC) infrastructure and AI-driven data center solutions. For 2025, the company has laid out priorities including infrastructure capacity expansion, diversifying its customer base, and pursuing strategic acquisitions. Core Scientific has secured significant contracts totaling over $8.7 billion, expanded its infrastructure to 1,300 MW, and improved its financial position by converting secured debt and raising funds through convertible notes. The document outlines the agenda for the upcoming Annual Meeting of Stockholders on May 12, 2025, including key proposals such as the election of directors, approval of executive compensation, and amendments to the Certificate of Incorporation.

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