Core Scientific Announces April 2023 Production and Operations Updates
- Core Scientific operated 195,000 bitcoin miners, representing a total potential hash rate of 20.5 EH/s. They produced 1,126 self-mined bitcoin, accounting for approximately 73% of their total number of miners. They also provided colocation services for 52,000 customer-owned bitcoin miners, who produced 442 bitcoin in April.
- The company powered down its data center operations on several occasions, with curtailments totaling 6,557 megawatt hours.
- Operated approximately 195,000 owned and colocated bitcoin miners
- Produced 1,126 self-mined bitcoin and 442 bitcoin for colocation customers
Core Scientific's
Data Centers
As of month-end, the Company operated approximately 195,000 bitcoin miners for both colocation and self-mining, representing a total potential hash rate of 20.5 EH/s at its data center facilities in
Self-Mining
Core Scientific’s self-mining operations produced 1,126 bitcoin in April. As of month end, the Company operated approximately 142,000 bitcoin miners, accounting for approximately
Colocation Services
In addition to its self-mining fleet, Core Scientific provided data center colocation services, technology and operating support for approximately 52,000 customer-owned bitcoin miners, representing approximately
Grid Support
The Company powered down its data center operations on several occasions. Curtailments in April totaled 6,557 megawatt hours. Core Scientific works with the communities and utility companies in which it operates to enhance electrical grid stability.
ABOUT CORE SCIENTIFIC
Core Scientific (OTC: CORZQ) is one of the largest blockchain computing data center providers and miners of digital assets in
FORWARD LOOKING STATEMENTS AND EXPLANATORY NOTES
This press release includes “forward-looking statements'' within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “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. These forward-looking statements include, but are not limited to, those related to the Company’s ability to scale and grow its business, meet its expected operating plan, source clean and renewable energy, the advantages and expected growth of the Company, future estimates of revenue, net income, adjusted EBITDA, total debt, free cash flow, liquidity and future financing availability, future estimates of computing capacity and operating capacity, future demand for colocation capacity, future estimate of hash rate (including mix of self-mining and colocation) and operating gigawatts, future projects in construction or negotiation and future expectations of operation location, orders for miners and critical infrastructure, future estimates of self-mining capacity, the public float of the Company’s shares, future infrastructure additions and their operational capacity, and operating capacity and site features of the Company’s operations and planned operations. These statements are provided for illustrative purposes only and are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management. These forward-looking statements are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, the Company’s ability to obtain bankruptcy court approval with respect to motions in its Chapter 11 cases, successfully enter into and implement a restructuring plan, emerge from Chapter 11 and achieve significant cash flows from operations; the effects of the Chapter 11 cases on the Company and on the interests of various constituents, bankruptcy court rulings in the Chapter 11 cases and the outcome of the Chapter 11 cases in general, the length of time the Company will operate under the Chapter 11 cases, risks associated with any third-party motions in the Chapter 11 cases, the potential adverse effects of the Chapter 11 cases on the Company’s liquidity or results of operations and increased legal and other professional costs necessary to execute the Company’s reorganization; satisfaction of any conditions to which the Company’s debtor-in-possession financing is subject and the risk that these conditions may not be satisfied for various reasons, including for reasons outside of the Company’s control; the consequences of the acceleration of the Company’s debt obligations; the trading price and volatility of the Company’s common stock as well as other risk factors set forth in the Company’s reports filed with the
Month over month comparisons are based on the combined results of Core Scientific and its acquired entities and are unaudited.
Core Scientific provides this and any future similar unaudited updates to provide shareholders with visibility into the Company’s results and progress toward previously announced capacity and operational projections.
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Source: Core Scientific, Inc.
FAQ
How many bitcoin miners did Core Scientific operate in April 2023?
What percentage of the total number of miners did Core Scientific's self-mining operations account for?
How many bitcoin did Core Scientific produce through self-mining in April?
How many customer-owned bitcoin miners did Core Scientific provide colocation services for?
How many bitcoin did customer-owned miners produce in April?
How many megawatt hours were curtailed by Core Scientific in April?
