Core Scientific Mines 1,435 BTC Despite Bankruptcy Filing
• Core Scientific mined 1,435 BTC in December, despite filing for bankruptcy protection.
• The company self-mined 15.7 EH/s and operated 234,000 ASIC servers.
• Core Scientific also mined 795 BTC for its colocation customers in December.
Core Scientific, one of the leading bitcoin mining companies, has achieved impressive performance in spite of their December bankruptcy filing. In December, Core Scientific mined 1,435 BTC, a significant increase from the 1,356 BTC mined in November. This positive performance was further bolstered by the company’s self-mining hashrate, which increased from 15.4 EH/s to 15.7 EH/s.
Despite filing for Chapter 11 bankruptcy protection at the end of last year, Core Scientific managed to increase its mining efforts. The company operated 243,000 and 234,000 ASIC servers in November and December, respectively, bringing the total hashrate up to 24.4 EH/s. Furthermore, Core Scientific has seen positive results in its colocation mining efforts, having mined 795 BTC in December and 931 BTC in November.
Core Scientific’s CEO, Kevin Turner, noted the impressive performance, stating that “Despite the difficult market conditions, our teams have worked incredibly hard to maintain our competitive advantage and deliver on our commitments to our customers.”
The bitcoin mining market has been affected significantly by the decreasing difficulty of mining the cryptocurrency, as well as the increasing cost of electricity. Core Scientific’s ability to remain competitive despite these difficulties is a testament to the company’s efficiency and professionalism.
In addition to the impressive performance in December, Core Scientific also recently launched a new product, the Core Scientific Mining Rig, which is designed to be an all-in-one mining solution for both professional and hobbyist miners. The Mining Rig offers a wide range of features and is designed to be both easy to use and cost-effective.
The Core Scientific team is continuously striving to provide the best services to its customers. In addition to launching the Mining Rig, the company has also announced a new partnership with Microsoft Azure to create a cloud-based mining platform.
Overall, despite the difficult market conditions, Core Scientific has managed to stay competitive and increase its profitability. The company has achieved remarkable success in December, mining over 1,400 BTC in spite of its bankruptcy filing. Core Scientific’s commitment to innovation and customer service is a testament to the company’s success, and the team is sure to remain at the forefront of the bitcoin mining industry in the future.