Core Scientific Announces April 2024 Production And Operations Updates; Earned 803 Self-Mined Bitcoin For A Total Of 3,628 Bitcoin YTD
Portfolio Pulse from Benzinga Newsdesk
Core Scientific, Inc. (NASDAQ:CORZ) announced its April 2024 production and operations updates, highlighting significant achievements in bitcoin mining. The company reported earning 803 self-mined bitcoin, totaling 3,628 YTD, and its customers earned an estimated 265 bitcoin. Core Scientific completed the deployment of 2.5 EH/s of S21 miners, contributing to a total energized hash rate of 26.7 EH/s across its data centers. The company also paid off $19 million in debt and is expanding its Denton, Texas data center as part of a growth plan to add 372 megawatts of new infrastructure. Core Scientific sold 584 bitcoin, generating approximately $55.8 million in sales proceeds.
May 06, 2024 | 1:12 pm
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Core Scientific reported significant progress in bitcoin mining for April 2024, including earning 803 self-mined bitcoin and completing the deployment of 2.5 EH/s of S21 miners. The company's strategic expansion and debt repayment highlight its growth and operational efficiency.
The positive production and operations update, including the significant amount of bitcoin mined, the completion of key miner deployments, and the repayment of debt, suggests a strong operational performance and financial health of Core Scientific. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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