Restatement for PP&E accounting error
Company: Core Scientific
The claim, verbatim
During its transition to KPMG as independent auditor, Core Scientific identified an accounting error in PP&E from legacy mining-to-colocation site conversions going back to 2024, and has filed amended statements to correct the affected periods.
Source (primary)
Fourth Quarter Fiscal Year 2025 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-11-06)Live source ↗Archive.org ↗
Quote: “Demolition costs and existing carrying values were capitalized in prior periods rather than expensed as incurred; amended statements have been filed to correct the affected periods”
How we checked this
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Additional evidence
confirms Fourth Quarter Fiscal Year 2025 Earnings Presentation
Quote: “Demolition costs and existing carrying values were capitalized in prior periods rather than expensed as incurred; amended statements have been filed to correct the affected periods”