Merger proceeds allocation
Company: Core Scientific
The claim, verbatim
The company will use approximately $195.0 million in net cash proceeds from the XPDI merger to fund mining equipment purchases and infrastructure build-out.
Source (primary)
Core Scientific 10-Q filed 2022-05-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The proceeds from the Merger will be used to fund mining equipment purchases and infrastructure build-out as the Company expands its leadership position.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Core Scientific 10-Q filed 2022-05-13
Quote: “The proceeds from the Merger will be used to fund mining equipment purchases and infrastructure build-out as the Company expands its leadership position.”