Rosemary Sisson's questions to Core Scientific, Inc./tx (CORZ) leadership • Q4 2024
Question
Rosemary Sisson asked if the focus on proximity to metro areas implies expansion into new markets like the East or West Coast. She also inquired about the capital allocation decision between using cash for upfront investments versus raising debt.
Answer
CEO Adam Sullivan confirmed the company is actively expanding into new markets, highlighting its 'utility-first' approach to ensure firm power. On capital allocation, he stated that future growth will require capital deployment, and the company aims to mature its capital structure to resemble data center peers, targeting specific leverage ratios and an investment-grade rating to secure the lowest cost of capital.