According to an operational update, the business increased its self-mining hash rate by 2.4%.
Furthermore, the corporation reduced electricity in numerous locations, including Texas, for a total of 8,774 megawatt hours.
Mike Levitt, Core Scientific Chief Executive Officer, stated:
“We continued growing our infrastructure and operating servers in September. Bitcoin production was impacted across the company’s data centers due to several unique circumstances, including severe weather events and electrical equipment manufacturer defects.
Despite these challenges, Core Scientific continued to lead the industry in Bitcoin production. We produced 1,213 Bitcoins for our own account. We expanded our total fleet (owned and colocated) to approximately 232,000 servers representing approximately 22.5 EH/s. I am proud of our team’s resilience, adaptability and dedication in the face of difficult industry conditions.”
The 9.26% rise in mining difficulty reported on August 31 (the greatest since January) was also anticipated to have an impact on operations.
Core Scientific made $32.2 million in income by selling 1,576 BTC at an average price of $20,460. It has 1,051 BTC and $29.5 million in cash as of September 30.
The mining unit of insolvent lender Celsius filed a request last week to impose the automatic stay against Core Scientific, which supplies hosting services to it. Celsius also claimed that Core Scientific breached the terms of its bankruptcy.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Pantera Capital TON investment signals confidence in TON's scalability and ecosystem growth amid a bullish…
Jack Dorsey's Block initiates monthly Bitcoin investments to expand its holdings in 2024.
The EigenLayer airdrop plan includes distributing 110 EIGEN tokens minimum, with transferability post-September 30, 2024.
Crashino stands distinguished, not only for its cutting-edge platform but also for its groundbreaking acceptance…
Coinbase SEC lawsuit is still ongoing while the exchange remains confident, citing recent court developments.
Coinbase quarter revenue in transactions skyrocketed, helping the exchange earn $1.18 billion in profit.
This website uses cookies.