Core Scientific Announces March 2024 Production And Operations Updates; 906 Self-Mined Bitcoin Earned

Author: Benzinga Newsdesk | April 05, 2024 09:11am

• Earned 906 self-mined bitcoin and our customers earned an estimated 309 bitcoin at our data centers in March for a first quarter total of 2,825 self-mined bitcoin and an estimated 970 customer-earned bitcoin
• Deployed first shipment of approximately 2,500 S21 miners from previously announced order
• Expanded owned operational infrastructure to 745 megawatts
• Operated approximately 224,000 owned and hosted bitcoin miners for a total energized hash rate of 25.6 exahash as of March 31, 2024
• Delivered 16 megawatts of infrastructure for high-performance computing client more than 30 days ahead of schedule

Core Scientific, Inc. (NASDAQ:CORZ) ("Core Scientific" or "the Company"), a leader in bitcoin mining and application-specific digital infrastructure for emerging high-value compute,today released unaudited production and operations updates for March 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240405676572/en/

 

"In the last full month before the halving, Core Scientific set the pace once again, earning more bitcoin than any other publicly listed miner in North America, and expanding our owned infrastructure to 745 megawatts," said Adam Sullivan, Core Scientific's Chief Executive Officer. "We expanded our energized self-mining hash rate in March to 19.3 exahash on our way to achieving our goal of 21.8 exahash by the end of 2024. This hash rate expansion resulted from deploying our first shipment of S21 bitcoin miners while relocating the prior generation miners they replaced to sites where they can operate more efficiently."

"In support of our high-performance computing client, our Austin team has made outstanding progress by delivering the initial 16MW phase of infrastructure more than 30 days ahead of schedule, paving the way for our client to begin deploying their GPUs," Mr. Sullivan added. "Across our business, Core Scientific is delivering results as we continue to execute on our plans and create shareholder value."

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