Core

2024

Bitcoin

April

Leading Bitcoin miner Core Scientific, Inc., which focuses on developing application-specific digital infrastructure for high-value computing, has <a href="https://investors.corescientific.com/investors/news/news-details/2024/Core-Scientific-Announces-April-2024-Production-and-Operations-Updates/default.aspx" target="_blank" rel="noreferrer noopener">published</a> unaudited production and operations updates for April 2024. 
In the press release, Adam Sullivan, Core Scientific’s Chief Executive Officer, said they exceeded 20 exahash of energized self-mining hash rate in April, after completing the scheduled deployment of S21 miners and temporarily energizing preceding generation miners at data centers where they can run financially. 
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 <a href="https://twitter.com/search?q=%24CORZ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$CORZ</a> April 2024 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BTC</a> Production and Operations Update is out! – 803 self-mined <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> and ~265 customer-mined bitcoin in April – Completed deployment of 2.5 EH/s of S21 miners from previously announced order – Operated ~224,000 owned and hosted bitcoin miners for a total… <a href="https://t.co/oJNIOwLfY9" target="_blank">pic.twitter.com/oJNIOwLfY9</a>— Core Scientific (@Core_Scientific) <a href="https://twitter.com/Core_Scientific/status/1787476954297327910?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 6, 2024</a>
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Also, Sullivan continued saying that their robust cash flow allowed us to clear $19 million debt linked to mechanics’ liens and kick-start the completion of 72MW infrastructure at the Denton, TX data center. This is part of their plan to add 372MW, over 20 exahash of hash rate, as part of our growth strategy. 
The company has also shared its key metrics for April and March, including data centers,self-mining, hosting services, grid support, new miner deployments, and many more.&nbsp; 
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Core Scientific operates 224,000 bitcoin miners across seven data centers in US facilities. In April, they earned 803 bitcoins through self-mining, leveraging 77% of their owned miners with a hash rate of 20.4 EH/s. 
Core Scientific also hosted about 51,000 customer-owned bitcoin miners, constituting roughly 23% of all miners in their data centers as of April 30, 2024. These miners earned approximately 265 bitcoins in April, including rewards shared with Core Scientific. 
Core Scientific aids grid stability by reducing power consumption, delivering 9,842 megawatt hours in April. They deployed new Bitmain S21 miners with a total hash rate of 2.5 EH/s, replacing older ones in Kentucky and Texas, enhancing operational efficiency. 
 Core Scientific also mentioned its upcoming industry events and conferences for the month of May. 
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 Also Read: <a href="https://www.cryptotimes.io/2024/05/03/core-scientific-to-release-q1-2024-financial-results/" target="_blank" rel="noreferrer noopener">Core Scientific to Release Q1 2024 Financial Results</a> 
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Core Scientific April 2024 Production and Operations Update

The Crypto Times

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