SCHEDULE: Susquehanna Group Discloses 6.2% Stake in Core Scientific
Beneficial Ownership Report
A group of affiliated broker-dealers, including Susquehanna Investment Group, has disclosed a 6.2% beneficial ownership stake in Core Scientific, Inc.
Summary
- G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group, and Susquehanna Securities, LLC, collectively referred to as 'Reporting Persons,' have filed a Schedule 13G.
- The Reporting Persons beneficially own an aggregate of 18,336,176 shares of Core Scientific, Inc. common stock.
- This aggregate amount represents 6.2% of the company's outstanding common stock.
- The beneficial ownership includes shares, options to buy shares, and shares issuable upon the exercise of warrants.
- Specifically, Susquehanna Securities, LLC holds the largest portion with 16,748,663 shares, including 13,790,500 options and 226,741 warrant shares.
- Susquehanna Investment Group holds 1,492,600 shares, all of which are options to buy shares.
- SIG Brokerage, LP holds 93,916 shares, including 5,000 options to buy shares.
- G1 Execution Services, LLC holds 997 shares, which are issuable upon the exercise of warrants.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook. It is a neutral, compliance-driven report.
Future Outlook
NA
Industry Context
This filing indicates a significant institutional stake by a group of affiliated broker-dealers in Core Scientific, a company primarily involved in blockchain and cryptocurrency mining. Such disclosures are common for large investment firms and reflect their positions in publicly traded companies. The nature of the investment (broker-dealer holdings) suggests a trading or investment position rather than a strategic control-oriented stake.
Related Party Transactions
- G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group, and Susquehanna Securities, LLC are affiliated independent broker-dealers and may be deemed a group for reporting purposes.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake by a group of affiliated broker-dealers may provide some level of confidence or liquidity signal, as it indicates substantial investment interest in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 2025-05-02 | Date of Core Scientific's Quarterly Report on Form 10-Q, indicating 297,821,835 shares outstanding. |
| 2025-06-30 | Date of event which requires the filing of this statement. |
| 2025-08-13 | Date of filing and signing of the Schedule 13G. |
Keywords
Core Scientific, Beneficial Ownership, Schedule 13G, Susquehanna, Institutional Ownership, Common Stock, Blockchain, Cryptocurrency Mining
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