CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind Core Scientific Investors of a Lead Plaintiff Deadline of January 13, 2023

NEW YORK, Dec. 5, 2022

The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between January 3, 2022 and October 26, 2022.

If you suffered a loss on your investment in Core Scientific, contact us about potential recovery by using the link below. There is no cost or obligation to you.

https://www.wongesq.com/pslra-1/core-scientific-lawsuit-loss-submission-form?prid=34231&wire=4

ABOUT THE ACTION: The class action against Core Scientific includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that:  (1) due in part to the expiration of a favorable pricing agreement, the Company was experiencing increasing power costs; (2) the Company's largest customer, Gryphon Digital Mining, lacked the financial resources to purchase the necessary miner rigs for Core Scientific to host; (3) the Company was not providing hosting services to Celsius Network LLC ("Celsius") as required by their contract; (4) the Company had implemented an improper surcharge to pass through power costs to Celsius; (5) as a result of the foregoing alleged breaches of contract, the Company was reasonably likely to incur liability to defend itself against Celsius; (6) as a result of the foregoing, the Company's profitability would be adversely impacted; (7) as a result, there was likely substantial doubt as to the Company's ability to continue as a going concern; and (8) as a result of the foregoing, defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

DEADLINE: January 13, 2023

Aggrieved Core Scientific investors only have until January 13, 2023 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.