Business Context and Reporting Period
Company: Core Scientific, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 27, 2026
Reporting Period: The filing reports on a strategic announcement made on March 27, 2026, regarding the expansion of the Company's Pecos, Texas campus.
Key Financial Metrics
This filing does not contain specific financial statements, revenue figures, profit margins, cash flow data, debt levels, or liquidity metrics. The document focuses exclusively on a strategic operational update.
Material Changes
The primary material change disclosed is a multi-tiered strategy to scale the Pecos, Texas campus. The Company announced plans to expand the facility to approximately 1.5 gigawatts (GW) of gross power, which equates to approximately 1.0 GW of leasable power.
Guidance, Outlook, and Management Commentary
Outlook: Management has outlined a clear expansion target for its Pecos campus, aiming for 1.0 GW of leasable power capacity.
Regulatory Note: The information provided in Item 7.01 and the attached press release (Exhibit 99.1) is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be incorporated by reference in any other filings.
Investor Verification Checklist
- Verify the timeline and capital requirements for scaling the Pecos campus to 1.5 GW gross power.
- Review the attached press release (Exhibit 99.1) for details on the "multi-tiered strategy" not fully elaborated in the 8-K text.
- Confirm the status of power purchase agreements or infrastructure contracts required to achieve the 1.0 GW leasable target.
- Check subsequent filings for any financial impact or funding sources related to this expansion.