Core Scientific, Inc. CORZ Mining Segment — Impairment of goodwill
Discontinued — last reported Q3 '22
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Where this comes from
Reported directly by Core Scientific, Inc. in its filing.
Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.
The official record: Core Scientific, Inc.’s 10-Q, filed November 22, 2022, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Core Scientific, Inc.'s mining segment — impairment of goodwill?
- Core Scientific, Inc. (CORZ) reported mining segment — impairment of goodwill of -$207.8M in Q3 2022.
- What does mining segment — impairment of goodwill mean?
- A charge taken when the value of acquired mining assets is deemed lower than what is recorded on the books.
- How do you interpret mining segment — impairment of goodwill?
- An impairment charge is a negative signal, indicating that the segment's long-term growth or profitability prospects have deteriorated.
- How does mining segment — impairment of goodwill compare across companies?
- Standard financial reporting metric for companies that have previously acquired other businesses.