Form 8-K · Current Report · Filed 2024-11-05
Core Scientific Reports October 2024 Production and Operations Updates
Core Scientific, Inc. announced production and operations updates for October 2024, revealing that the company earned 369 self-mined Bitcoin, totaling 5,990 Bitcoin year-to-date. Additionally, customers earned an estimated 52 Bitcoin at Core Scientific's data centers during the same period. The company operated approximately 185,000 bitcoin miners with a total energized hash rate of 21.8 EH/s. Core Scientific also expanded its infrastructure in Texas by adding 100 MW of capacity and provided grid support by delivering 26,748 megawatt hours to local electrical grids.
- Filer
- Core Scientific Inc. CORZ · NASDAQ
- Filed
- Accession
- 0001628280-24-045268
- CIK
- 0001839341
- Signal
- Low impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$12.60
Next session
+13.7%
Since filing
+64.4%
Latest close
$20.72
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Precedent
Previous filings from CORZ reporting the same item, with the next session's move:
Exhibits (1)
About Core Scientific Inc.
Core Scientific Inc. is a leading provider of blockchain infrastructure and artificial intelligence-related services and solutions. This dynamic company primarily focuses on the development of high-performance data centers designed to support digital asset mining and blockchain networks. The firm operates vast and sophisticated facilities that offer hosting services, providing clients with the necessary infrastructure to mine cryptocurrencies, including Bitcoin. Core Scientific Inc. is deeply embedded within the technology and financial sectors, leveraging advanced computing environments that enable scalable, secure, and efficient processing of blockchain transactions. Founded on the principles of innovation and operational excellence, Core Scientific has positioned itself as a significant player in the growth of blockchain technology, impacting how digital currencies are mined and managed. Its role in the financial markets includes supporting the decentralized finance ecosystem and contributing to the broader adoption of cryptocurrencies by enhancing the technical framework required for their operation and legitimacy.
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