Hosting client base rationalized; proceeds-sharing contracts
Company: Core Scientific
The claim, verbatim
The company says it improved results by rationalizing its hosting client base and introducing proceeds-sharing contracts. Contracts with several less profitable hosting customers were terminated.
Source (primary)
core-scientific 8-K exhibit (q42023corescientificinc-ea.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-09)Live source ↗
Quote: “Core Scientific has improved financial results by rationalizing its hosting client base, instituting proceeds sharing contracts”
How we checked this
Checked on November 10, 2026. The cited source supports every part of this claim.
The release states the rationalization and the proceeds-sharing contracts. It also attributes lower hosting revenue to terminating contracts with several customers that had less profitable hosting rates.
Confirmed in the source:
- The company says it improved financial results by rationalizing its hosting client base
- The company says it instituted proceeds-sharing contracts
- Contracts were terminated for several hosting customers with less profitable hosting rates
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1839341/000162828024010544/q42023corescientificinc-ea.htm) in full (29,179 characters, retrieved November 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms core-scientific 8-K exhibit (q42023corescientificinc-ea.htm)
Quote: “Core Scientific has improved financial results by rationalizing its hosting client base, instituting proceeds sharing contracts”