Core Scientific reports higher bitcoin production in November … – Seeking Alpha

Core Scientific reports higher bitcoin production in November … – Seeking Alpha

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Core Scientific (OTCPK:CORZQ) said Monday it mined ~1.4K bitcoin in November and December, each, compared with ~1.3K BTC in October.

Shares of the cryptocurrency miner, which is currently undergoing Chapter 11 bankruptcy proceedings, climbed 21% on Monday.

As of December-end, Core Scientific (OTCPK:CORZQ) operated ~152K and 153K self-mining servers, accounting for ~63% and 66% of its total number of servers and representing a self-mining hashrate of 15.4 EH/s and 15.7 EH/s in November and December, respectively.

Core Scientific (OTCPK:CORZQ) operated ~243K and 234K ASIC servers for both colocation and self-mining as of December-end, representing 24.4 EH/s and 23.7 EH/s in November and December, respectively.

The firm also provided data center colocation services for ~91K and 80.5K customer-owned ASIC servers, representing ~37% and 34% of the mining servers in operation in its data centers as of November 30 and December 31, respectively.

Customer-owned ASIC servers produced ~795 and 931 bitcoin in November and December, respectively.

During November and December, Core Scientific (OTCPK:CORZQ) powered down its data center operations on several occasions. Such curtailments totaled 5.8K MWh and ~17.2K MWh in November and December, respectively.

Read SA author Josh Arnold’s very bearish analysis of the crypto miner.

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