Core Scientific, Inc. (CORZ) filed an amended Quarterly Report on Form 10-Q/A for the period ended September 30, 2025, to correct material errors in previously issued consolidated financial statements. The errors stemmed from improper capitalization of assets committed to demolition during the conversion of digital asset mining facilities to high-performance computing (HPC) colocation infrastructure, which should have been recognized as impairment charges. The restatement resulted in an overstatement of property, plant and equipment, net, by approximately $124.7 million and a corresponding understatement of accumulated deficit by the same amount as of September 30, 2025. Loss on disposal of property, plant and equipment was overstated by approximately $2.6 million for the three and nine months ended September 30, 2025, and selling, general and administrative expense was understated by approximately $4.4 million for the nine months ended September 30, 2025. A material weakness in internal control over financial reporting and disclosure controls and procedures was identified as of December 31, 2024, and continued through September 30, 2025, due to insufficient trained personnel for evaluating demolition and impairment of assets. The company is undergoing a significant strategic transition from digital asset self-mining and hosted mining to high-density colocation services for AI and HPC workloads. On July 7, 2025, Core Scientific entered into a definitive merger agreement with CoreWeave, Inc., where CoreWeave will acquire Core Scientific in an all-stock transaction at an exchange ratio of 0.1235 shares of CoreWeave Class A common stock per Core Scientific share. Total revenue for the nine months ended September 30, 2025, decreased by 42% to $239.3 million from $415.7 million in the prior year. Net loss for the nine months ended September 30, 2025, improved to $(504.6) million from $(1.15) billion in the prior year, primarily due to a smaller change in fair value of warrants and contingent value rights and lower interest expense.