Core

2024

Bitcoin

<a href="https://ultramining.com/news/en/bitcoin-mining-giant-core-scientific-prepares-for-post-bankruptcy-comeback/">Core Scientific</a>, Inc. (Nasdaq: CORZ, CORZW, CORZZ), a forefront leader in bitcoin mining and digital infrastructure for high-value computing, has shared its latest operational achievements and strategic advancements for February 2024. Amidst a rapidly evolving market, Core Scientific has optimized its mining operations, demonstrating a robust ability to adapt and thrive, according to <a href="https://www.businesswire.com/news/home/20240305231273/en/Core-Scientific-Announces-February-2024-Production-and-Operations-Updates">Businesswire</a>. 
Adam Sullivan, Core Scientific's CEO, emphasized the strategic advantage of owning their infrastructure, enabling rapid adaptation to market shifts. A notable achievement in February was the increase in <a href="https://ultramining.com/news/en/riot-battles-texas-heat-to-produce-410-btc-and-stabilize-energy-grid/">self-mining</a> <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/">hash rate</a> by 300 petahash, achieved through the redeployment of previous generation miners. This strategic move, complemented by the recent addition of more efficient S19j XP units, showcases Core Scientific's proactive approach to enhancing bitcoin earnings amidst favorable spot bitcoin pricing. 
Core Scientific's dedication to financial prudence is evident in the completion of all 2024 miner payments for previously announced orders of S19j XPs and S21s. This fiscal discipline positions the company to concentrate on new miner acquisitions and organic infrastructure growth, underscoring its commitment to sustainable development and operational excellence. 
Operational and Production Highlights: 
- Core Scientific managed approximately 222,000 owned and hosted <a href="https://ultramining.com/news/en/russias-bitcoin-gold-rush-mining-machine-influx-outpaces-rest-of-the-world/">bitcoin miners</a>. 
- The company self-mined 893 bitcoins, while <a href="https://ultramining.com/news/en/bitcoin-mining-reshaping-landscape-amid-global-interest-surge/">hosting</a> customers earned an estimated 307 bitcoins in February. 
- The self-mining energized hash rate increased to 18.9 EH/s, demonstrating effective redeployment strategies. 
- Core Scientific sold 952 bitcoins, generating approximately $46.7 million, reflecting strategic asset management and revenue generation. 
- The average self-mining fleet efficiency improved, showcasing the deployment of energy-efficient mining technologies. 
In addition to its operational achievements, Core Scientific has demonstrated a commitment to environmental stewardship and community support by delivering 941 megawatt-hours to local grid partners during February. This contribution not only supports grid stability but also highlights the company's role as a responsible corporate citizen in the communities it operates. 
Looking forward, Core Scientific remains focused on deploying new miners, including the accelerated delivery of <a href="https://ultramining.com/en/manufacturers/bitmain/">Bitmain</a> S21 miners starting mid-March 2024. This strategic expansion, coupled with Core Scientific's innovative data center design optimizing miner performance without HVAC systems, sets a new standard for efficiency and sustainability in the bitcoin <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/">mining industry</a>.

Core Scientific Enhances Bitcoin Mining Operations in February 2024

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