Core Scientific, Inc./tx 10-K Cybersecurity GRC - 2026-03-02

Page last updated on March 2, 2026

Core Scientific, Inc./tx reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2026-03-02 16:52:38 EST.

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10-K filed on 2026-03-02

Core Scientific, Inc./tx filed a 10-K at 2026-03-02 16:52:38 EST
Accession Number: 0001628280-26-013305

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Item 1C. Cybersecurity.

Item 1C. Cybersecurity. Risk Management and Strategy We are subject to various material cybersecurity risks that could adversely affect our business, financial condition, and results of operations. We have implemented a risk-based approach, guided by Federal Information Processing Standards Publication 199, to identify, classify, and appropriately assess the range of cybersecurity threats that could affect our business and information systems. Accordingly, security incidents are, as appropriate to the risk and circumstances, evaluated, classified by severity and prioritized for response, mitigation and/or remediation. At a high level, our incident response framework consists of five elements: (1) identifying and managing cybersecurity risks to our systems, assets, data, and other capabilities; (2) implementing safeguards designed to timely deliver business services; (3) implementing systems and processes designed to detect the occurrence of cybersecurity events; (4) responding to security events systematically; and (5) utilizing mechanisms designed to enable disaster recovery and business continuity. Our cybersecurity program considers industry standards and practices, such as measures in the National Institute of Standards and Technology ("NIST") Cybersecurity Framework. Our cybersecurity program develops pragmatic strategies designed to preserve the confidentiality, integrity and availability of Company and customer information. Pursuant to this approach, we have implemented controls designed to prevent, detect and mitigate cybersecurity risks posed by third parties. We use various tools and methodologies, including a written incident response plan and cybersecurity insurance, to manage and mitigate such risk. Those tools and methodologies are periodically evaluated. Depending on the environments, we monitor and evaluate our cybersecurity posture and performance through vulnerability scans, penetration tests and threat intelligence feeds. Depending on the environment, we may conduct red team programming designed to stress test the functioning of our information security systems and assist in identifying areas of potential vulnerability. Based on the results of these exercises, we attempt to harden any identified exposure points and adjust our security processes to ensure dynamism and responsiveness. Along with our in-house cybersecurity capabilities, we also periodically engage third parties to assist with detecting and responding to cybersecurity risks. Third parties may be engaged to assist with procedures including red and blue team training exercises and penetration testing. As appropriate to the circumstance, we require third-party service providers with access to important personal, confidential or proprietary information to implement and maintain cybersecurity practices consistent with applicable legal standards and industry practices. Our business depends on the availability, reliability, and security of our information systems, networks, data, and intellectual property. To date, we have not identified any risks from cybersecurity threats, including as a result of any previous cybersecurity incidents, that have, or are likely to, materially affect us, including our business strategy, results of operation or financial condition. For more information on the risks from cybersecurity threats that may materially affect us and how they may do so, refer to Part I, Item 1A. "Risk Factors," of this Annual Report on Form 10-K, including but not limited to the risk factor titled, " If our information technology systems or those of the third parties with whom we work or our data, are or were compromised, we could experience adverse consequences resulting from such compromise, including but not limited to regulatory investigations or actions; litigations; fines and penalties; disruptions of our business operations; reputational harm; loss of revenue or profits; and other adverse consequences." Governance Our information security team is led by our Chief Information Security Officer and is comprised of dedicated professionals responsible for overseeing cybersecurity risk management and mitigation, incident prevention, detection and remediation. These teams are spearheaded by professionals that collectively hold decades of cybersecurity leadership experience across multiple industries, including our Chief Technology Officer. Our leadership working group meets on a weekly basis to discuss our approach to the rapidly-evolving cybersecurity landscape. To disseminate our top-level strategy throughout the Company, our information security team provides hands-on and often role-specific training and awareness programs to our employees. Our employees with network access participate annually in required training, including spear phishing and other awareness training. We also periodically conduct simulated phishing exercises to practice appropriate response and augment employee awareness of established and emerging cyber threats. One of the key functions of our Board of Directors is oversight of our risk management process, including cybersecurity risk. Our Board of Directors considers cybersecurity risk and mitigation as a critical component of its risk oversight function and continues to further develop specific cybersecurity oversight functions and pr otocols as we have improved our standing and continue to do so to meet the reality of the threat climate. Our Board of Directors administers this oversight function directly through the Board of Directors as a whole, as well as through various standing committees of our Board of Directors , including the Audit Committee, that address risks inherent in their respective areas of oversight. In particular, our Board of Directors is responsible for monitoring and assessing strategic risk exposure and our Audit Committee has the responsibility to consider and discuss our major financial risk exposures, including risks from cybersecurity threats, and the steps our management has taken to monitor and control these exposures, including guidelines and policies to govern the process by which risk assessment and management is undertaken. The Audit Committee also monitors compliance with legal and regulatory requirements and is charged with oversight of the adequacy of Company's insurance programs, including cyber insurance.

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