Acquisition deposit
Company: Core Scientific - Project: Muskogee
The claim, verbatim
Company deposited $120 million in cash in an interest bearing escrow account with Citibank
Source (primary)
Core Scientific 8-K filed 2026-05-06 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company has deposited $120 million in cash (the "Deposit") into an interest bearing escrow account with Citibank, N.A.”
How we checked this
Checked on September 15, 2026. The cited source supports every part of this claim.
The filing states the Company deposited $120 million in cash into an interest bearing escrow account with Citibank, N.A. as escrow agent.
Confirmed in the source:
- Core Scientific deposited $120 million in cash
- The deposit was placed in an interest bearing escrow account
- Citibank, N.A. is the escrow agent
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000162828026030918/core-20260505.htm) in full (16,559 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 8-K filed 2026-05-06
Quote: “the Company has deposited $120 million in cash (the "Deposit") into an interest bearing escrow account with Citibank, N.A.”