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Customer prepayments for hosting services

Company: Core Scientific

Subject kind
customer
Statement date
2026-03-01
Promised amount
150.1 USD millions
Current status
stated

The claim, verbatim

Deferred revenue of $150.1 million from customer advance payments as of June 30, 2025, with colocation services recognized over up to 30 months from license order commencement

Source (primary)

Core Scientific 10-Q/A filed 2026-03-02 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “The Company's total deferred revenue balance as of June 30, 2025 and December 31, 2024, was $ 150.1 million and $ 18.1 million, respectively... Advanced payments are typically recognized in the following month for hosted mining services and are generally recognized within 30 months of license order commencement for colocation services.”

How we checked this

Attempted on September 16, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000162828026013294/core-20250630.htm) in full (271,224 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Core Scientific 10-Q/A filed 2026-03-02

Quote: “The Company's total deferred revenue balance as of June 30, 2025 and December 31, 2024, was $ 150.1 million and $ 18.1 million, respectively... Advanced payments are typically recognized in the following month for hosted mining services and are generally recognized within 30 months of license order commencement for colocation services.”

View cached copy (2026-08-31)Live source ↗