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Core Scientific, Inc. (NASDAQ: CORZ) announced strong fiscal first quarter 2024 results, highlighted by net income of $210.7 million, adjusted EBITDA of $88.0 million, and total revenue of $179.3 million. The company strengthened its balance sheet, ending the quarter with $98.1 million in cash and cash equivalents. Core Scientific operated the largest owned infrastructure footprint among publicly listed miners in North America, with 745 megawatts of infrastructure. The company improved its self-mining fleet energy efficiency and earned 2,825 self-mined bitcoins, the highest among publicly listed miners in North America. Core Scientific also announced plans to expand into high-performance computing, leveraging its operational infrastructure and access to 1.2 gigawatts of power.
Core Scientific, Inc. (Nasdaq: CORZ) announced production and operations updates for April 2024, showcasing strong performance in bitcoin mining. The company earned 803 self-mined bitcoins and its customers earned 265 bitcoins in April, with a total of 3,628 bitcoins year-to-date. Core Scientific completed the deployment of 2.5 EH/s of S21 miners, operating approximately 224,000 owned and hosted bitcoin miners for a total energized hash rate of 26.7 exahash as of April 30, 2024. The company plans to add 372 megawatts of new infrastructure to increase hash rate and enhance revenue potential.
Core Scientific, Inc. (NASDAQ: CORZ) will release its first quarter fiscal year 2024 financial results after markets close on May 8, 2024. The company will host a conference call and webcast to discuss the results with management including CEO Adam Sullivan, CFO Denise Sterling, and SVP Investor Relations Steven A. Gitlin. Investors can access the live webcast on the company's website.