{
  "docId": "019de511-29ba-756b-a900-41ff6580945e",
  "docSlug": "bea769f6d62ffda610f179fd1254745b",
  "documentTitle": "Core Scientific | SPAC Presentation Deck | 39 slides",
  "authorId": "core-scientific",
  "authorName": "Core Scientific",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-07-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 22,
  "pageCount": 39,
  "prevPage": 21,
  "nextPage": 23,
  "slideType": "unfair_advantage",
  "function": "compare_peers",
  "density": "overcrowded",
  "nDataPoints": 4,
  "notes": "The slide uses a comparison frame to highlight the margin between operational costs and market price.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de511-29ba-756b-a900-41ff6580945e/22",
  "deckHref": "/decks/019de511-29ba-756b-a900-41ff6580945e",
  "deckJsonHref": "/decks/019de511-29ba-756b-a900-41ff6580945e.json",
  "deckAnchorHref": "/decks/019de511-29ba-756b-a900-41ff6580945e#slide-22",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.72
      },
      "kind": "callout",
      "text": "Low breakeven mining cost provides significant downside protection from Bitcoin price volatility—and significant upside from potential price appreciation",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d8eee479-344a-4e9e-828f-191026141dff",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.6,
        "x": 0.05,
        "y": 0.52
      },
      "kind": "list",
      "text": "Latest-generation mining equipment\nVertically integrated sites with low-cost power contracts\nProprietary facility design centered on energy efficient cooling",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7d56b6c9-8826-4c19-a05a-d982ccf5ea8b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.15,
        "x": 0.75,
        "y": 0.25
      },
      "kind": "metric",
      "text": "~$34K",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "60484059-7dcb-43df-9218-5b90b75140cd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.2,
        "x": 0.1,
        "y": 0.3
      },
      "kind": "metric",
      "text": "~$2.7K",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "67cfd4b3-1266-43db-8e9c-7dbf5f7f7011",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.2,
        "x": 0.4,
        "y": 0.3
      },
      "kind": "metric",
      "text": "~$4.6K",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7f979812-9e02-4608-bbbc-45a7c845a6bd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.15,
        "x": 0.75,
        "y": 0.35
      },
      "kind": "metric",
      "text": "~$46K",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c8d074d9-e8cd-49a3-bea1-ae2d53e42155",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.88
      },
      "kind": "source-note",
      "text": "Note: Analysis assumes current network hash rate difficulty of 106 EH/s and block reward + transaction fees of 6.61 BTC (as of 7/5/21)\n1. Reflects cost of power per bitcoin mined and difficulty; power cost of 3.55c per kWh\n2. Reflects illustrative client hosting per kWh\n3. Bitmain Antminer S19 Pro-110 unit characteristics of 110 TH, 3.250 kW, 29.5 J/TH\n4. CoinDesk as of 7/5/21; Average price based on 24-hour closing price from 1/1/21-7/5/21",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ad75faa8-db9d-4b58-95ff-079c3fe57a26",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "SCALE, EFFICIENCY, AND TECHNOLOGY DRIVE A LOW BREAKEVEN MINING PRICE",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1e01ed32-7fae-4113-9250-e29bdf4e8776",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "List presentation",
      "slug": "list-presentation",
      "agent": null,
      "layer": "slide",
      "matchId": "a894b3ed-66d4-43b0-a87f-62d117ab1448",
      "evidence": "The slide presents a list of bullet points highlighting the company's advantages.",
      "confidence": 0.8
    }
  ],
  "frameworks": [
    {
      "name": "comparison-frame",
      "slug": null,
      "matchId": "35b9df61-54b0-4866-8ee4-a36eb7aca755",
      "evidence": "Comparing internal breakeven costs against external market prices",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 22,
      "from": 20,
      "beatId": "100d9648-d6cd-4e6f-a01f-e7279b4d91c1",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "Slides 20-22 show strong financial performance and growth",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}