Core Scientific reports December Bitcoin production

AUSTIN, TX – Core Scientific, Inc. CORZQ (OTC: CORZQ), a major player in blockchain computing data center operations, has released production and operational highlights for December 2023 and full-year cumulative data. The company reported producing 1,177 Bitcoins through self-mining in December and an estimated 449 Bitcoins through custody services. For all of 2023, the total number of self-mined Bitcoins was 13,762, and the number of Bitcoins from custody operations was estimated at 5,512.

Core Scientific operates approximately 209,000 Bitcoin mining machines in states including Georgia, Kentucky, North Carolina, North Dakota and Texas. As of December, the company’s total energy hash rate was 23.2 EH/s.

The company’s self-operated mining operations involve its own Bitcoin mining machines, accounting for 76% of all mining machines, and produced 1,177 Bitcoins in December. The remaining 24% of miners are owned by customers and are part of Core Scientific’s hosting services, which contributed to an estimated 449 Bitcoins produced in the same month.

In addition to its mining operations, Core Scientific also reduced the power consumption of its data centers multiple times in December to provide grid support, providing 480 megawatt hours of power to local grid partners. Throughout 2023, the company contributed more than 131,000 MWh of electricity to support grid stability during periods of high demand.

The information in this article is based on press release statements from Core Scientific, Inc.

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