Core Scientific Mined Over 1K Bitcoin In December To End 2021 Holding 5,296 BTC

• Core Scientific mined implicit 1,000 bitcoin successful conscionable 1 month.
• The miner said it ended 2021 holding 5,296 BTC, worthy astir $230 million.
• Its self-mining operations boast 67,000 ASIC machines.

Provider of bitcoin mining infrastructure and hosting solutions, Core Scientific, mined 1,044 bitcoin successful December and 5,769 BTC successful 2021, according to a statement the institution issued connected Wednesday.

Core Scientific’s accumulation successful December and successful the full twelvemonth represented an summation of 313% and 350% implicit the aforesaid periods of the erstwhile twelvemonth arsenic the miner ended 2021 holding 5,296 bitcoin, worthy astir $230 cardinal astatine the clip of writing.

“We are pleased with our advancement successful 2021. Our beardown momentum positions america for continued maturation successful 2022,” Core Scientific CEO, Mike Levitt, said successful a statement.

Core Scientific said its fleet presently consists of 67,000 bitcoin mining rigs with a hash complaint capableness of 6.6 exahashes per 2nd (EH/s), which it expects to further enlarge successful 2022. The institution said it has contracted for the transportation of implicit 100,000 rigs, which it expects to person this year.

In summation to its self-mining operations, Core Scientific besides provides hosting services for third-party mining entities successful the signifier of infrastructure, technology, and operating support. The institution said its hosting concern presently serves much than 80,000 bitcoin mining machines that output a full of 6.9 EH/s, and it has secured agreements with its customers to supply an other 430 megawatts (MW) of powerfulness successful 2022.

In July, Core Scientific announced that it would spell nationalist done a merger with peculiar intent acquisition institution (SPAC) Power & Digital Infrastructure Acquisition Corp (XPDI). The merger transaction valued the combined company, expected to run arsenic Core Scientific and stay publically listed connected the Nasdaq, astatine an implied pro forma afloat diluted endeavor worth of astir $4.3 billion. A special meeting volition beryllium held virtually connected January 19 for XPDI shareholders to ballot connected the concern operation with Core Scientific.