Core

Bitcoin

Drops

<a href="https://ultramining.com/news/en/bitcoin-mining-giant-core-scientific-prepares-for-post-bankruptcy-comeback/" rel="noopener noreferrer nofollow">Core Scientific</a> saw a slight decline in its average operating <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/" rel="noopener noreferrer nofollow">hash rate</a>, which dropped from 15.5 EH/s in July to 14.5 EH/s in August 2024. This decrease is primarily due to the relocation of <a href="https://ultramining.com/news/en/immersion-cooling-transforms-chinas-crypto-mining-landscape/" rel="noopener noreferrer nofollow">mining equipment</a> across two facilities as part of the company’s ongoing infrastructure optimization efforts.
Despite this temporary setback, Core Scientific remains one of the largest Bitcoin <a href="https://ultramining.com/news/en/blockstream-aims-for-bitcoin-profit-with-mining-rig-investment-ahead-of-2024-halving/" rel="noopener noreferrer nofollow">mining companies</a> in the world. The company's focus on upgrading its infrastructure, including the integration of high-performance computing (HPC) technologies, is expected to drive future growth. Analysts predict that once the relocation is completed, Core Scientific’s mining efficiency will improve, and its hash rate will rebound to previous levels, if not surpass them.

Core Scientific’s Hash Rate Drops Amid Mining Rig Relocation

Ultramining_Eng

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