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 /PRNewswire/ -- Attention Core Scientific, Inc. ("Core Scientific") CORZ shareholders:

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.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com

SOURCE The Law Offices of Vincent Wong