- Self-Mined 1,121 Bitcoins in April
- Held 9,618 Bitcoins as of April 30, 2022
Core Scientific, Inc. (NASDAQ: CORZ) ("Core Scientific"
or “the Company”), a leader in high-performance blockchain
infrastructure and software solutions, today announced production
and operations updates for April 2022.
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the full release here:
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Core Scientific's Marble, NC Data Center
(Photo: Business Wire)
“We expanded both our self-mining and hosting businesses in the
month of April, producing 1,121 bitcoins for our own account and
operating 8.1 EH/s for our hosting customers,” said Mike Levitt,
Core Scientific Chief Executive Officer. “Our team remains focused
on operational excellence as we build our footprint to achieve our
2022 operating objectives.”
Self-Mining
Core Scientific’s self-mining operations produced 1,121 bitcoins
in April, averaging 37.4 bitcoins per day, an increase from March’s
daily average of 36.9. As of April 30, 2022, the Company held 9,618
bitcoins produced from operations.
As of April month end, Core Scientific operated its own fleet of
more than 85,000 bitcoin miners, producing 8.9 EH/s. In early
April, Core Scientific became one of the first companies in the
digital asset mining industry to post daily bitcoin self-mining
production on its corporate website,
http://www.corescientific.com.
Hosting
In addition to its self-mining fleet, as of April 30, 2022, Core
Scientific provided infrastructure, technology and operating
support for a growing, diverse group of customers representing 8.1
EH/s.
Infrastructure
Core Scientific continued the development and expansion of its
operations in Texas, while data centers owned and operated by the
Company in Georgia, Kentucky, North Carolina and North Dakota
continued to operate as expected.
Grid Support
In the month of April, the Company powered-down a portion of its
data center operations in Texas on six occasions for a total of 220
megawatt hours. Core Scientific will continue to work with the
communities and utility companies in which it operates to enable
and ensure electrical grid stability.
Upcoming Conferences
Core Scientific management will participate in the following
upcoming investor conferences:
- Jefferies virtual Metaverse and NFT Summit on May 19
- H.C. Wainwright Global Investment Conference on May 24
(virtual)
- B. Riley Securities 22nd Annual Institutional Investor
Conference on May 25 and 26 in Beverly Hills
- D.A. Davidson Bitcoin and Blockchain Investor Conference on
June 2 in New York City
Links to available webcasts of management presentations or panel
discussions at these conferences will be posted to the Investors
section of the Core Scientific website:
https://investors.corescientific.com/investors/events-and-presentations/default.aspx.
ABOUT CORE SCIENTIFIC
Core Scientific is one of the largest publicly traded, net
carbon-neutral blockchain infrastructure providers and miners of
digital assets in North America. Core Scientific has operated
blockchain infrastructure in North America since 2017, using its
facilities and intellectual property portfolio that has grown to
more than 70 patents or applications for digital asset hosted
mining and self-mining. Core Scientific operates data centers in
Georgia, Kentucky, North Carolina, North Dakota and Texas, and
expects to commence operations in Oklahoma in the second half of
2022. Core Scientific’s proprietary Minder® fleet management
software combines the Company’s hosting expertise with data
analytics to deliver maximum uptime, alerting, monitoring and
management of all miners in the Company’s network. To learn more,
visit http://www.corescientific.com.
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,
source clean and renewable energy, the advantages and expected
growth of the Company, future estimates of revenue, net income and
adjusted EBITDA, future estimates of computing capacity and
operating capacity, future demand for hosting capacity, future
estimate of hashrate (including mix of self-mining and hosting) 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
center in Denton, Texas. 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 those
identified in the Company’s reports filed with the U.S. Securities
& Exchange Commission, and if any of these risks materialize or
our assumptions prove incorrect, actual results could differ
materially from the results implied by these forward-looking
statements. Accordingly, undue reliance should not be placed upon
the forward-looking statements.
Year over year comparisons are based on the combined results of
Core Scientific and its acquired entities.
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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version on businesswire.com: https://www.businesswire.com/news/home/20220505005490/en/
Investors: Steven Gitlin ir@corescientific.com Media:
press@corescientific.com
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