Core Scientific Announces November 2024 Production and Operations Updates
Core Scientific (CORZ) released its November 2024 operations update, reporting 314 self-mined Bitcoin and an estimated 29 Bitcoin earned by hosting customers. The company operated approximately 172,000 bitcoin miners across its data centers, achieving a total energized hash rate of 20.3 EH/s. Core Scientific sold 272 Bitcoin for approximately $23.2 million in proceeds.
The company's self-mining fleet consisted of about 165,000 miners (96% of total) with 19.3 EH/s hash rate, while hosting services supported roughly 7,200 customer-owned miners (4%). During November, the company contributed to grid stability by reducing power consumption and delivering 23,309 megawatt hours to local electrical grids. Additionally, Core Scientific secured approval from Denton City Council to expand operations with up to 394 MW power allocation.
Core Scientific (CORZ) ha rilasciato un aggiornamento delle operazioni per novembre 2024, riportando 314 Bitcoin auto-minati e un stima di 29 Bitcoin guadagnati tramite l'hosting di clienti. L'azienda ha operato circa 172.000 miniere di Bitcoin nei suoi datacenter, raggiungendo una potenza totale di hashing energizzata di 20,3 EH/s. Core Scientific ha venduto 272 Bitcoin per circa 23,2 milioni di dollari in proventi.
La flotta di auto-mining dell'azienda consisteva in circa 165.000 miner (il 96% del totale) con una potenza di hashing di 19,3 EH/s, mentre i servizi di hosting supportavano circa 7.200 miniere di proprietà dei clienti (il 4%). Durante il mese di novembre, l'azienda ha contribuito alla stabilità della rete riducendo il consumo energetico e fornendo 23.309 megawattora alle reti elettriche locali. Inoltre, Core Scientific ha ricevuto l'approvazione dal Consiglio Comunale di Denton per espandere le operazioni con un'allocazione di potenza fino a 394 MW.
Core Scientific (CORZ) lanzó su actualización de operaciones de noviembre de 2024, informando 314 Bitcoin minados por sí mismos y un estimado de 29 Bitcoin ganados mediante la hostelería de clientes. La empresa operó aproximadamente 172,000 mineros de Bitcoin en sus centros de datos, logrando una tasa de hash energizada total de 20.3 EH/s. Core Scientific vendió 272 Bitcoin por aproximadamente 23.2 millones de dólares en ingresos.
La flota de auto-minado de la compañía consistía en aproximadamente 165,000 mineros (96% del total) con una tasa de hash de 19.3 EH/s, mientras que los servicios de hospedaje respaldaban aproximadamente 7,200 mineros de propiedad de los clientes (4%). Durante noviembre, la empresa contribuyó a la estabilidad de la red al reducir el consumo de energía y entregar 23,309 megavatios-hora a las redes eléctricas locales. Además, Core Scientific obtuvo la aprobación del Concejo Municipal de Denton para expandir las operaciones con una asignación de energía de hasta 394 MW.
코어 사이언티픽 (CORZ)는 2024년 11월 운영 업데이트를 발표하며 314개의 자체 채굴 비트코인과 고객 호스팅을 통해 얻은 29개의 비트코인을 보고했습니다. 이 회사는 약 172,000개의 비트코인 채굴기를 데이터 센터에서 운영하여 총 활성 해시율 20.3 EH/s를 달성했습니다. 코어 사이언티픽은 약 2억 3,200만 달러의 수익을 위해 272개의 비트코인을 판매했습니다.
회사의 자체 채굴 전략은 약 165,000개의 채굴기(전체의 96%)로 구성되었으며, 해시율은 19.3 EH/s입니다. 호스팅 서비스는 약 7,200개의 고객 소유 채굴기(4%)를 지원했습니다. 11월 동안 회사는 전력 소비를 줄이고 지역 전력망에 23,309 메가와트시를 공급함으로써 전력망 안정성에 기여했습니다. 또한, 코어 사이언티픽은 덴턴 시 의회의 운영 확장 승인을 확보하여 최대 394 MW의 전력 할당을 받았습니다.
Core Scientific (CORZ) a publié sa mise à jour des opérations pour novembre 2024, rapportant 314 Bitcoin auto-extraire et un estimé de 29 Bitcoin gagnés grâce à l'hébergement de clients. L'entreprise a opéré environ 172 000 mineurs de Bitcoin dans ses centres de données, atteignant un taux de hachage total énergisé de 20,3 EH/s. Core Scientific a vendu 272 Bitcoin pour environ 23,2 millions de dollars en recettes.
La flotte de minage autonome de l'entreprise se composait d'environ 165 000 mineurs (96 % du total) avec un taux de hachage de 19,3 EH/s, tandis que les services d'hébergement soutenaient environ 7 200 mineurs appartenant à des clients (4 %). En novembre, l'entreprise a contribué à la stabilité du réseau en réduisant la consommation d'énergie et en livrant 23 309 mégawattheures aux réseaux électriques locaux. De plus, Core Scientific a obtenu l'approbation du conseil municipal de Denton pour étendre ses opérations avec une allocation de puissance allant jusqu'à 394 MW.
Core Scientific (CORZ) hat einen Betriebsupdate für November 2024 veröffentlicht, in dem 314 selbstgeförderte Bitcoins und geschätzte 29 Bitcoins, die durch Hosting-Kunden verdient wurden, gemeldet werden. Das Unternehmen betrieb etwa 172.000 Bitcoin-Miner in seinen Rechenzentren und erreichte eine Gesamt-Hashrate von 20,3 EH/s. Core Scientific verkaufte 272 Bitcoins für etwa 23,2 Millionen Dollar an Einnahmen.
Die selbstmine Flotte des Unternehmens bestand aus etwa 165.000 Minern (96% des Gesamtvolumens) mit einer Hashrate von 19,3 EH/s, während die Hosting-Dienste ungefähr 7.200 kundenbesitzende Miner (4%) unterstützten. Im November trug das Unternehmen zur Netzstabilität bei, indem es den Stromverbrauch reduzierte und 23.309 Megawattstunden an lokale Stromnetze lieferte. Darüber hinaus erhielt Core Scientific die Genehmigung des Stadtrates von Denton zur Erweiterung der Aktivitäten mit bis zu 394 MW Leistungseinteilung.
- Secured approval for expansion with up to 394 MW power allocation in Denton
- Generated $23.2 million in Bitcoin sales proceeds
- Maintained strong self-mining operations with 19.3 EH/s hash rate
- Contributed to grid stability by delivering 23,309 MWh to local grids
- Monthly Bitcoin production decreased from 369 to 314 compared to October
- Hosting Bitcoin earned declined from 52 to 29 compared to previous month
- Total energized hash rate decreased from 21.8 to 20.3 EH/s month-over-month
- Hosting energized hash rate dropped from 2.1 to 1.0 EH/s
Insights
Core Scientific's November operational metrics reveal a 15% month-over-month decline in self-mined Bitcoin production to 314 BTC, while hosting services saw a significant drop from 52 to 29 BTC. The company monetized 272 BTC for approximately
The company's total energized hash rate decreased by
The grid support initiative, providing 23,309 MWh back to local grids, demonstrates operational flexibility and potential for additional revenue streams through power management.
The strategic reduction of 23,309 megawatt hours through grid support activities showcases Core Scientific's sophisticated power management capabilities and commitment to grid stability. The Denton expansion approval is particularly significant, as it provides a clear pathway for substantial infrastructure growth with a 394 MW power allocation.
The company maintains an efficient operation with a steady fleet efficiency of 24.8 J/TH, indicating well-optimized mining operations. The planned 300 MW expansion across existing facilities suggests a methodical approach to scaling, leveraging existing infrastructure while securing new power agreements - a important strategy in the competitive mining sector.
Earned 314 Self-Mined Bitcoin for a Total of 6,304 Bitcoin Year-to-Date and Our Customers Earned an Estimated 29 Bitcoin at Our Data Centers in November
Key Metrics Summary (unaudited)
Metric |
November 2024 |
October 2024 |
Self-Mining Bitcoin Earned1 |
314 |
369 |
Hosting Bitcoin Earned by Customers2 |
29 |
52 |
Average Self-Mined Bitcoin Earned/Day |
10.5 |
11.9 |
Self-Mining Energized Hash rate3 |
19.3 |
19.7 |
Hosting Energized Hash rate4 |
1.0 |
2.1 |
Total Energized Hash rate |
20.3 |
21.8 |
Bitcoin Sold5 |
272 |
370 |
Bitcoin Sales Proceeds ($USD) |
Appx. |
Appx. |
Average Self-Mining Fleet Efficiency (J/TH)6 |
24.8 |
24.8 |
Data Centers
As of month-end, the Company operated approximately 172,000 bitcoin miners in our data centers for both self-mining and hosting, representing a total energized hash rate of 20.3 EH/s.
Digital Asset Self-Mining
Core Scientific earned 314 bitcoin in November from its owned fleet of miners. As of month end, the Company operated approximately 165,000 owned bitcoin miners, representing approximately
Hosting Services for Bitcoin Mining
In addition to its self-mining fleet, Core Scientific provided data center hosting services, technology and operating support for approximately 7,200 hosted, customer-owned bitcoin miners, representing approximately
Grid Support
The Company reduced the consumption of power at its data centers on multiple occasions, delivering 23,309 megawatt hours to local electrical grids.
Infrastructure Expansion
The Company has secured approval from the
ABOUT CORE SCIENTIFIC
Core Scientific, Inc. is a leader in digital infrastructure for digital assets mining and high-performance computing. We operate dedicated, purpose-built facilities for digital asset mining and are a premier provider of digital infrastructure to our third-party customers. We employ our own large fleet of computers (“miners”) to earn digital assets for our own account, we provide hosting services for large bitcoin mining customers and we are in the process of allocating and converting a significant portion of our nine operational data centers in
FORWARD LOOKING STATEMENTS AND EXPLANATORY NOTES
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company’s ability to scale and grow its businesses, implement its business strategy, source necessary electrical energy, the advantages and expected growth of the Company and the Company’s ability to source and retain talent. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “aim,” “estimate,” “plan,” “project,” “forecast,” “goal,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to earn digital assets profitably and to attract customers for our current and future expected hosting infrastructure; our ability to maintain our competitive position in our businesses; our ability to raise additional capital to continue our expansion efforts or other operations; our need for significant electric power and the limited availability of power resources; the potential failure in our critical systems, facilities or services we provide; the physical risks and regulatory changes relating to climate change; potential significant changes to the method of validating blockchain transactions; our vulnerability to physical security breaches, which could disrupt our operations; a potential slowdown in market and economic conditions, particularly those impacting artificial intelligence, high value computing, the blockchain industry and the blockchain hosting market; the identification of material weaknesses in our internal control over financial reporting; price volatility of digital assets and bitcoin in particular; the “halving” and other reduction of rewards available on the Bitcoin network, affecting our ability to generate revenue; the potential that insufficient awards from digital asset mining could disincentivize transaction processors from expending processing power on a particular network, which could negatively impact the utility of the network and further reduce the value of its digital assets; potential changes in the interpretive positions of the SEC or its staff with respect to digital asset mining firms; the increasing likelihood that
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1 Self-Mining Bitcoin Earned represents bitcoin rewards earned by bitcoin miners owned and operated by Core Scientific
2 Hosting Bitcoin Earned represents estimated bitcoin rewards earned by customer-owned miners installed and operated by Core Scientific in our data centers, including bitcoin rewards earned by customers and paid to the Company pursuant to proceeds sharing agreements
3 Self-Mining Energized Hash Rate represents the total rated capacity of all Company-owned bitcoin miners installed and operating in Core Scientific’s data centers. Includes previous generation miners removed to accommodate new miners and then re-deployed opportunistically to exploit favorable mining economics.
4 Hosting Energized Hash Rate represents the total rated capacity of all hosted bitcoin miners owned by customers, installed and operated by Core Scientific in our data centers
5 Bitcoin Sold represents all bitcoin sold by the Company during the period, including self-mined and proceeds sharing rewards.
6 Average Self-Mining Fleet Efficiency (J/TH) represents the weighted average power consumption in Joules per terahash based on the actual efficiency of each model of miner operating in Core Scientific’s owned self-mining fleet
View source version on businesswire.com: https://www.businesswire.com/news/home/20241205211821/en/
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Source: Core Scientific, Inc.
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