Business
Core Scientific Announces August Updates
Operating approximately 225,000 owned and colocated ASIC servers Produced 1,334 self-mined bitcoins AUSTIN, Texas--(BUSINESS WIRE)-- Core Scientific, Inc.
About this update from Core Scientific, Inc.
[{"type":"text","content":"\n\nOperating approximately 225,000 owned and colocated ASIC servers\n\n\nProduced 1,334 self-mined bitcoins\n\n\n AUSTIN, Texas--(BUSINESS WIRE)--\nCore Scientific, Inc. (NASDAQ: CORZ) (\"Core Scientific\" or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced production and operational updates for August 2022.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220906005393/en/Core Scientific's Marble, NC Data Center (Graphic: Business Wire)\n“Self-mining and colocation activities continued to grow in August. We deployed more than 25,000 new ASIC servers in August, increasing our total hashrate to over 21 EH/s. Both our total hashrate and self-mining hashrate represent the largest operating capacity of any listed company in North America,” said Mike Levitt, Core Scientific Chief Executive Officer.\n\nData Centers\n\nAs of month end, the Company operated 225,451 ASIC servers for both colocation and self-mining, representing a total of 21.54 EH/s. The Company’s Georgia, Kentucky, North Carolina, and North Dakota data center facilities continue to operate at capacity. The Company is continuing to build additional capacity in Texas.\n\nSelf-Mining\n\nCore Scientific’s self-mining operations produced 1,334 bitcoins in August. Self-mining bitcoin production benefited from the deployment of approximately 17,000 new servers during the month. Increased curtailment activity across multiple data centers limited production advances.\n\nThe Company expanded its fleet of self-mining servers during the month to 127,716, increasing hashrate to 12.69 EH/s. The Company expects to deploy approximately 43,000 additional self-mining ASIC servers before the end of 2022. As of August month end, self-mining accounted for approximately 59% of the Company’s total hashrate.\n\nColocation Services\n\nIn addition to its self-mining fleet, as of August 31, 2022, Core Scientific provided data center colocation services, technology and operating support for more than 97,000 customer-owned ASIC servers. As of August month end, colocation services accounted for approximately 41% of the Company’s total hashrate. Inquiries for colocation services continue to exceed the Company’s available infrastructure.\n\nBitcoin Sales and Liquidity\n\nD...