Expected use of financing proceeds
Company: Core Scientific
The claim, verbatim
Proceeds will be used for general corporate purposes related to data center asset development, including equipment purchases, pre-development costs, real property acquisition, and energy procurement agreements
Source (primary)
core-scientific 8-K exhibit (exhibit991pressreleasebr.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-13)Live source ↗
Quote: “The Company expects to use proceeds from borrowings under the Facility, as and when drawn, for general corporate purposes related to the development of data center assets, including without limitation purchase equipment costs, pre-development costs, real property acquisition and costs related to the acquisition of, and entrance into, agreements for the procurement of additional energy for data centers”
How we checked this
Checked on September 20, 2026. The cited source supports every part of this claim.
The document explicitly describes each stated use of proceeds, matching the claim word for word.
Confirmed in the source:
- Proceeds will be used for general corporate purposes related to data center asset development
- Uses include equipment purchases, pre-development costs, real property acquisition, and agreements for energy procurement
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1839341/000162828026015622/exhibit991pressreleasebr.htm) in full (6,265 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms core-scientific 8-K exhibit (exhibit991pressreleasebr.htm)
Quote: “The Company expects to use proceeds from borrowings under the Facility, as and when drawn, for general corporate purposes related to the development of data center assets, including without limitation purchase equipment costs, pre-development costs, real property acquisition and costs related to the acquisition of, and entrance into, agreements for the procurement of additional energy for data centers”