Core Scientific, Inc. went public through a de-SPAC merger with Power & Digital Infrastructure Acquisition Corp. (Nasdaq: XPDI), a blank-check vehicle that completed its initial public offering in 2021. The SPAC, sponsored by XPDI Acquisition Corp. Sponsor LLC, targeted the digital infrastructure and blockchain computing sector. The business combination closed in January 2022, and this 10-K, filed March 30, 2022, represents the combined company's first annual report filed under Securities Exchange Act obligations. Core Scientific operates large-scale Bitcoin mining and blockchain infrastructure facilities across the United States, positioning it among the largest publicly traded cryptocurrency infrastructure operators at the time of filing. Sign up for full filing data and SPAC analytics on SpacDesk.