Completed acquisition of Blockcap, Inc.
Company: Core Scientific
What the later record shows
Not a promise: a reported event · happened January 20, 2022
The February 2022 statement reports a merger that was already complete. A later prospectus confirms that the Blockcap merger into Merger Sub 3 followed the January 20, 2022 closing.
“following the closing of the Second Merger on January 20, 2022, the merger of Blockcap with and into Merger Sub 3 (the “Third Merger”)”
2022-09-07 · Core Scientific 424B3 filed 2022-09-08 View cached copy (2026-09-13)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The company completed a business combination with Blockcap, Inc., merging Blockcap into a wholly-owned subsidiary named Core Scientific Acquired Mining LLC.
Source (primary)
Core Scientific S-1 filed 2022-02-09 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “the merger of Blockcap with and into Merger Sub 3 (the "Third Merger"), with Merger Sub 3 surviving the Third Merger as a wholly owned subsidiary of XPDI under the name "Core Scientific Acquired Mining LLC."”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The S-1 states that Blockcap merged with and into Merger Sub 3 as part of the Business Combination. Merger Sub 3 survived as a wholly owned subsidiary named Core Scientific Acquired Mining LLC, which matches the claim.
Confirmed in the source:
- Core Scientific completed its acquisition of Blockcap, Inc. (the filing says the acquisition was completed in July 2021, and the Business Combination was later effected through a series of mergers)
- Blockcap, Inc. was merged with and into XPDI Merger Sub 3, LLC, a wholly owned subsidiary (the Third Merger), following the January 20, 2022 closing of the Second Merger
- The surviving subsidiary is a wholly owned subsidiary operating under the name Core Scientific Acquired Mining LLC
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312522031349/d287681ds1.htm) in full (1,359,836 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific S-1 filed 2022-02-09
Quote: “the merger of Blockcap with and into Merger Sub 3 (the "Third Merger"), with Merger Sub 3 surviving the Third Merger as a wholly owned subsidiary of XPDI under the name "Core Scientific Acquired Mining LLC."”