Core Scientific (CORZ) is a public company. Build smarter. Scale faster. High-density data centers purpose-built for your most demanding workloads. (Nasdaq: CORZ). Founded in 2017. It has 308 employees. IPO 2021.

Transcript

Operator

Greetings, welcome to the Core Scientific fiscal second quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I would now like to turn the conference over to your host, Jon Charbonneau, SVP of Investor Relations. Please go ahead.

Jon Charbonneau — SVP of Investor Relations

Good morning, welcome to Core Scientific's second quarter 2026 earnings call. Before we begin, I need to remind you that statements made on this call, other than historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on our current expectations. Words such as anticipates, expects, intends, believes, and similar words and expressions are intended to identify forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ substantially. For further information on these risks and uncertainties, we encourage you to review the risk factors discussed in the company's reports on Form 10-Q and 8-K filed today with the Securities and Exchange Commission, and the press release and slide presentation contained therein. The forward-looking statements we make today speak as of today, we do not undertake any obligation to update any such statement to reflect events or circumstances occurring after today. Today's presentation is available on our website at investors.corescientific.com. The content of this conference call contains information that is accurate only as of today, July 28th, 2026. Joining me today from Core Scientific are our CEO, Adam Sullivan, our Chief Financial Officer, Jim Nygaard, and our Chief Operating Officer, Matt Brown. We will conduct a question-and-answer session after management's remarks. We will now begin with remarks from Adam.

Adam Sullivan — CEO

Good morning, everyone, thank you for joining us. This morning, we announced a commercial partnership with AMD for