Core Scientific Announces March 2024 Production And Operations Updates; 906 Self-Mined Bitcoin Earned
Portfolio Pulse from Benzinga Newsdesk
Core Scientific, Inc. (CORZ) announced its March 2024 production and operations updates, highlighting significant achievements in bitcoin mining and infrastructure expansion. The company reported earning 906 self-mined bitcoins and facilitating an additional 309 bitcoins mined by customers in March. For Q1 2024, Core Scientific mined a total of 2,825 bitcoins and customers mined 970 bitcoins. The company deployed its first shipment of approximately 2,500 S21 miners, expanded its operational infrastructure to 745 megawatts, and operated around 224,000 bitcoin miners with a total hash rate of 25.6 exahash as of March 31, 2024. Additionally, Core Scientific delivered 16 megawatts of infrastructure for a high-performance computing client ahead of schedule, aiming to achieve a hash rate of 21.8 exahash by the end of 2024.
April 05, 2024 | 1:11 pm
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Core Scientific announced significant achievements in March 2024, including mining 906 bitcoins, expanding infrastructure, and delivering infrastructure ahead of schedule for a high-performance computing client.
The positive production and operations update from Core Scientific, including the expansion of their mining capacity and infrastructure, is likely to be viewed favorably by investors. The company's achievement of mining more bitcoins than any other publicly listed miner in North America and their progress towards their hash rate goal for 2024 could signal strong operational efficiency and growth potential. This, combined with delivering infrastructure for a high-performance computing client ahead of schedule, underscores their capability and reliability, potentially boosting investor confidence and positively impacting the stock price in the short term.
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