Business
Core Scientific Announces July 2024 Production and Operations Updates
Earned 411 Self-Mined Bitcoin for a Total of 4,917 Bitcoin Year-to-Date and Our Customers Earned an Estimated 110 Bitcoin at Our Data Centers in July First
About this update from Core Scientific, Inc.
[{"type":"text","content":"\nEarned 411 Self-Mined Bitcoin for a Total of 4,917 Bitcoin Year-to-Date and Our Customers Earned an Estimated 110 Bitcoin at Our Data Centers in July\n\n\nFirst Bitcoin Miner to Support Foundry Donate, a Program to Fund Bitcoin Network Core Developers\n\n\n AUSTIN, Texas--(BUSINESS WIRE)--\nCore Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today released unaudited production and operations updates for July 2024.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240805137412/en/Core Scientific is a leader in digital infrastructure for bitcoin mining and high-performance computing (Photo: Business Wire)\n“The future of our bitcoin mining business is bright as we migrate miners to dedicated sites and prepare to modify a significant portion of our high-power infrastructure for HPC hosting,” said Adam Sullivan, Core Scientific’s Chief Executive Officer. “We are planning for the integration of Block’s new 3 nanometer ASIC chip next year, representing a driver of significant miner refresh and hash rate growth.”\n\n\n“Recognizing the need to support the vitality and longevity of the Bitcoin Network, we became the first bitcoin miner to participate in Foundry Donate, a new program that connects miners in Foundry USA Pool with nonprofit organizations that fund core developers of the Bitcoin network. We encourage all publicly traded miners to consider supporting the core developers who secure and chart the future for the Bitcoin Network,” Mr. Sullivan added.\n\n\nKey Metrics Summary (unaudited)\n\n\n\n\nMetric\n\n\n\n\n\n\nJuly 2024\n\n\n\n\n\n\nJune 2024\n\n\n\n\n\n\n\n\nSelf-Mining Bitcoin Earned1\n\n\n\n\n\n\n411\n\n\n\n\n\n\n430\n\n\n\n\n\n\n\n\nHosting Bitcoin Earned by Customers2\n\n\n\n\n\n\n110\n\n\n\n\n\n\n110\n\n\n\n\n\n\n\n\nAverage Self-Mined Bitcoin Earned/Day\n\n\n\n\n\n\n13.3\n\n\n\n\n\n\n14.3\n\n\n\n\n\n\n\n\nDigital Asset Self-Mining Energized Hash rate3\n\n\n\n\n\n\n20.1\n\n\n\n\n\n\n19.4\n\n\n\n\n\n\n\n\nDigital Asset Hosting Energized Hash rate4\n\n\n\n\n\n\n5.2\n\n\n\n\n\n\n5.2\n\n\n\n\n\n\n\n\nTotal Energized Hash rate\n\n\n\n\n\n\n25.3\n\n\n\n\n\n\n24.6\n\n\n\n\n\n\n\n\nBitcoin Sold5\n\n\n\n\n\n\n401\n\n\n\n\n\n\n479\n\n\n\n\n\n\n\n\nBitcoin Sal...