2 years ago
The largest publically traded bitcoin miner by hashrate, Core Scientific (CORZ), said its fiscal 2021 gross roseate 803% to $544.5 million, beating expert estimates of $507.1 million, according to FactSet.
The miners’ fiscal twelvemonth adjusted net per stock (diluted) came successful astatine $0.32, which whitethorn not comparison to statement expert estimation of $0.44, according to FactSet. The company became nationalist successful January done a merger with SPAC Power & Digital Infrastructure Acquisition.
“Across our concern we are executing our plans efficaciously and stay good positioned to proceed expanding our capableness and creating shareholder value,” said CEO Mike Levitt successful a statement.
The miner stuck to its 2022 hashrate guidance to 40 EH/s and 42 EH/s. On March 7, Core said it sees hashrate reaching 40 EH/s-42 EH/s by the extremity of this year, which volition beryllium distributed astir evenly betwixt its self-mining and hosting segments.
Shares roseate astir 3% to $8.95 successful post-market trading connected Tuesday arsenic bitcoin prices roseate 1.2%. Core Scientific shares are down astir 19% this year.
Core Scientific is scheduled to big an net telephone with analysts astatine 4:30 p.m. ET.
This is simply a processing communicative and volition beryllium updated.
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Aoyon Ashraf is crypto mining newsman with much than a decennary of acquisition successful covering equity markets
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