Business
Core Scientific Announces October Updates
• Operating approximately 243,000 owned and colocated ASIC servers • Produced 1,295 self-mined bitcoins AUSTIN, Texas--(BUSINESS WIRE)-- Core Scientific,
About this update from Core Scientific, Inc.
[{"type":"text","content":"\n• Operating approximately 243,000 owned and colocated ASIC servers\n• Produced 1,295 self-mined bitcoins\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 October 2022.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221107005458/en/(Graphic: Business Wire)\nData Centers\n\nAs of month-end, the Company operated approximately 243,000 ASIC servers for both colocation and self-mining, representing a total of 24.4 EH/s. The Company’s Georgia, Kentucky, North Carolina, and North Dakota data center facilities continue to operate at capacity. The Company has completed 287 MW of its data center build out in Texas.\n\nSelf-Mining\n\nCore Scientific’s self-mining operations produced 1,295 bitcoins in October. As of October month end, the Company operates approximately 143,000 self-mining servers accounting for approximately 59% of the Company’s total fleet and representing a self-mining hashrate of 14.4 EH/s.\n\nColocation Services\n\nIn addition to its self-mining fleet, as of October 31, 2022, Core Scientific provided data center colocation services, technology and operating support for approximately 100,000 customer-owned ASIC servers. As of October month end, colocation services accounted for approximately 41% of the Company’s total fleet.\n\nBitcoin Sales and Liquidity\n\nDuring the month of October, the Company sold 2,285 bitcoins at an average price of $19,639 per bitcoin for total proceeds of approximately $44.8 million. As of October 31, 2022, the Company held 62 bitcoins and approximately $32 million in cash.\n\nGrid Support\n\nIn the month of October, the Company powered down its Texas and other data center operations on several occasions. Curtailments in October totaled 5,125 megawatt hours. Core Scientific works with the communities and utility companies in which it operates to enhance electrical grid stability.\n\nABOUT CORE SCIENTIFIC\n\nCore Scientific is one of the largest publicly traded blockchain computing data center providers and miners of digital assets in North America. Core Scientific has operated blockchain computing data centers in North America ...