$CORZ Cashflow Statement | Understand Stock

$CORZ

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Cash flows from Operating Activities:
Net loss
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
Loss on disposal of property, plant and equipment
Impairment of property, plant and equipment
Change in right-of-use assets
Stock-based compensation
Digital asset mining income
Digital asset self-mining
Proceeds from sale of digital assets generated by self-mining and shared hosting revenues
Decrease in fair value of digital assets
Impairment of digital assets
Gain from sale of digital assets
Change in fair value of energy derivatives
Increase in fair value of warrant liabilities
Warrant Liability
Total increase in fair value of warrant liabilities
Offering costs associated with derivative warrant liabilities
Income from investments held in Trust Account
General and administrative expenses paid by related party under promissory note
Decrease in fair value of contingent value rights
Change in fair value of convertible notes
Change in fair value of other liabilities
Loss (gain) on debt extinguishment
Loss on issuance of notes payable through settlements
Amortization of debt discount
Non-cash reorganization items
Non-cash PIK interest expense
Impairment of goodwill, other intangibles and property, plant and equipment
Provision for doubtful accounts
Equity line of credit expenses
Gain on sale of intangible assets
Deferred income taxes
Loss on legal settlements
Changes in operating assets and liabilities:
Prepaid expenses
Accounts receivable, net
Accounts receivable from related parties
Digital assets
Deposits for equipment for sales to customers
Customer funding receivable and other current assets
Accounts payable
Franchise tax payable
Accrued expenses
Deferred revenue from services
HPC hosting
Digital asset hosted mining service
Total deferred revenue from services
Deferred revenue from related parties
Deferred revenue from services
Colocation service
Digital asset hosted mining service
Other noncurrent assets and liabilities, net

Net cash provided by operating activities
Cash flows from Investing Activities:
Cash deposited in Trust Account
Purchases of property, plant and equipment
Proceeds from sales of property and equipment
Cash paid in acquisitions
Deposits for self-mining equipment
Proceeds from the sale of coupons
Other
Proceeds from sale of Cedarvale
Purchase of equity investments
Investments in intangible assets
Net cash used in investing activities

Cash flows from Financing Activities:
Proceeds received from initial public offering, gross
Proceeds received from private placement
Repayment of note payable to related party
Offering costs paid
Principal repayments of finance leases
Payment for transaction costs
Principal payments on debt
Debt extinguishment payments
Taxes paid related to net share settlement of equity awards
Proceeds for the issuance of senior convertible notes, net
3.00% Convertible Senior Notes Due 2029
Convertible Senior Notes Due 2031
Issuance costs for senior convertible notes
3.00% Convertible Senior Notes Due 2029
Convertible Senior Notes Due 2031
Proceeds from issuance of new common stock
Proceeds from draw from exit facility
Restricted stock tax holding obligations
Proceeds from exercise of warrants
Proceeds from exercise of stock options
Repurchase of common shares to pay employee withholding taxes
Proceeds from the XPDI merger, net of transaction costs
Proceeds from debt, net of issuance costs
Net cash (used in) provided by financing activities

Net (decrease) increase in cash, cash equivalents and restricted cash
Cash and cash equivalents
Cash, cash equivalents and restricted cash—beginning of period
Cash, cash equivalents and restricted cash—end of period
Cash paid for interest
Income tax (refunds) payments
Cash paid for reorganization items
Change in accrued capital expenditures
Increase in notes payable for acquisition of property, plant and equipment
Reduction in plant, property, and equipment basis related to Bitmain purchase
Reclass of other current and non-current assets to plant, property, and equipment
Increase in right-of-use assets due to lease commencement
Extinguishment of convertible notes upon emergence
Extinguishment of accounts payable, accrued expenses, finance lease liability, and notes payable upon emergence
Cancellation of common stock in connection with emergence
Issuance of new common stock
Issuance of new common stock in connection with emergence
Issuance of new common stock for Bitmain obligation
Issuance of new common stock for the Equity Rights Offering backstop commitment
Issuance of contingent value rights
Issuance of new common stock for PIK interest on New Secured Convertible Notes
Issuance of new common stock for New Secured Convertible Notes conversion
Total issuance of new common stock

Issuance of warrants
Issuance of debt
Convertible Notes
Issuance of Secured Notes, net of discount
Exit Credit Agreement
Issuance of miner equipment lender facility loans
Issuance of notes related to settlement
Total issuance of debt
Cumulative effect of adoption of ASU 2023-08, Accounting for and Disclosure of Crypto Assets
Payment-in-kind interest on Secured and Other Convertible Notes
Increase in lease liability and right-of-use assets due to lease modification
Noncash exercise of warrants
Property, plant and equipment disposed of through settlements
Purchase of insurance policies financed by short-term note payable
Decrease in equipment related to debt extinguishment
Decrease in notes payable in exchange for equipment
Cashless exercise of warrants
Property, plant and equipment acquired under finance leases
Property, plant, and equipment obtained in exchange transaction
Noncash consideration paid for acquisitions
Reconciliation of cash, cash equivalents, and restricted cash within the consolidated balance sheets to the amounts shown in the consolidated statements of cash flows above:
Cash and cash equivalents
Offering costs included in accrued expenses
Offering costs paid by related party under promissory note
Deferred underwriting commissions in connection with the initial public
Restricted cash

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