Core

Bitcoin

DeFi

Planet

<div class="intro-text">
 In the fiscal year 2023, US Bitcoin mining firm Core Scientific successfully mined over 19,274 BTC tokens, <a href="https://investors.corescientific.com/investors/news/news-details/2024/Core-Scientific-Announces-December-and-Full-Year-2023-Production-and-Operations-Updates/default.aspx" rel="noopener noreferrer nofollow">according to their recently released December and full-year production report</a>. This impressive figure includes 13,762 self-mined tokens and 5,512 customer-mined tokens within its data centres.
</div>
The mining firm also noted that it had produced over 131,000 megawatt hours for its domestic grid partners in 2023 and 480 megawatt hours for domestic grid partners in December.&nbsp;
Core Scientific is currently the largest Bitcoin mining company in North America. Its data centres are located in Kentucky, North Carolina, Texas, Georgia, and North Dakota. The firm operates over 209,000 Bitcoin mining rigs (comprising those owned and co-located) and had an overall energised hash rate of 23.2 exahashes per second at all its data centres in 2023.
The Bitcoin miner noted that the performance of every miner is essential to its overall success; thus, it has teams watching over its fleet constantly. It explained that it has established these measures to position the company at the forefront of the dynamic nature of the Bitcoin mining sector.&nbsp;
This report comes as Core Scientific makes efforts to exit bankruptcy. The firm <a style="color: #0000ff;" href="https://defi-planet.com/2022/12/core-scientific-files-for-bankruptcy-today-in-texas/" rel="noopener noreferrer nofollow">filed for bankruptcy protection at a US court in Texas in 2022</a>. As per the filing, which resulted in its delisting from Nasdaq, the company was trying to mitigate a significant drop in its performance and liquidity, partly due to the decline of Bitcoin’s price.
However, in 2023, the company <a style="color: #0000ff;" href="https://defi-planet.com/2023/06/core-scientific-submits-chapter-11-bankruptcy-plan-seeks-consensus-for-restructuring/" rel="noopener noreferrer nofollow">submitted its bankruptcy plan, which sought to implement a restructuring support agreement (RSA</a>). The plan reflected the company’s improved liquidity position and a strategic focus on revising its business approach. Through effective cost reduction initiatives, both operational and capital, the company was able to stabilize its financial standing and enhance its profitability.
&nbsp;
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
The post <a href="https://defi-planet.com/2024/02/core-scientific-mined-more-than-19000-bitcoin-tokens-in-2023-amidst-bankruptcy-exit-efforts/" rel="noopener noreferrer nofollow">Core Scientific Mined More than 19,000 Bitcoin Tokens in 2023 Amidst Bankruptcy Exit Efforts</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Core Scientific Mined More than 19,000 Bitcoin Tokens in 2023 Amidst Bankruptcy Exit Efforts

DeFi Planet

Other articles published on Feb 1, 2024

Binance GitHub Leak Investigated – What You Need to Know

Jupiter Airdrop Frenzy: Trader Makes $1.17M Profit; Is JUP Token Worth Buying?

FTX Abandons Hope For Restart, Focuses On Asset Liquidation To Repay Customers

Beyond Research: Here’s Why Singapore is Winning the AI Race

Crypto Daily Roundup, 01 Feb: Fed decision Paints Market Red

Is this the End of Ethereum’s Reign? Top Analyst Bets on Emerging Rival Cryptocurrency Priced at ...

Join our free newsletter for daily crypto updates!