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Core Scientific Announces March Updates and CFO Transition
Self-Mined 1,143 Bitcoins in March Now Holds 8,497 Bitcoins AUSTIN, Texas--(BUSINESS WIRE)-- Core Scientific, Inc. (NASDAQ: CORZ) ("Core Scientific" or “the
About this update from Core Scientific, Inc.
[{"type":"text","content":"\n\nSelf-Mined 1,143 Bitcoins in March\n\n\nNow Holds 8,497 Bitcoins\n\n\n AUSTIN, Texas--(BUSINESS WIRE)--\nCore Scientific, Inc. (NASDAQ: CORZ) (\"Core Scientific\" or “the Company”), a leader in high-performance, net carbon neutral blockchain infrastructure and software solutions, today announced production and operations updates for March 2022.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220405005567/en/Core Scientific's Marble, NC Data Center (Photo: Business Wire)\n“In March we self-mined 1,143 bitcoins, not only representing our largest monthly bitcoin production to date, but also the largest monthly production by any U.S.-based, publicly traded bitcoin mining company,” said Mike Levitt, Core Scientific Chief Executive Officer. “The more than 3,000 bitcoins we have mined in 2022 put us on a record pace for yearly bitcoin mining results and for continued shareholder value creation.”\n\nThe Company also announced that Denise Sterling, Senior Vice President of Finance, has been appointed to the role of Chief Financial Officer and will be moving to the Austin, TX headquarters later this year. Former CFO Michael Trzupek will leave the company to pursue new opportunities after a transition period.\n\nSelf-Mining\n\nCore Scientific’s self-mining operations produced 1,143 bitcoins in March, averaging 36.9 bitcoins per day, an increase from February’s daily average of 35. As of March 31, 2022, the Company held 8,497 bitcoins produced from operations.\n\nAs of March month end, Core Scientific operated its own fleet of more than 80,000 bitcoin miners, producing 8.3 EH/s. Core Scientific will begin posting daily bitcoin self-mining production on its corporate website (http://www.corescientific.com) the week of April 11.\n\nHosting\n\nIn addition to its self-mining fleet, as of March 31, 2022, Core Scientific provided infrastructure, technology and operating support for a growing, diverse group of customers representing 7.9 EH/s. Company management highlighted continued strong demand exceeding the available supply of its infrastructure and hosting services on its March 29, 2022 earnings conference call.\n\nInfrastructure\n\nCore Scientific’s 100 MW Grand Forks, ND data center, placed into service in November 2021, reached full operating capacity in March. Other data cen...