Core Scientific Mines More Than 1,000 Bitcoin for 2nd Consecutive Month

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US blockchain hosting provider Core Scientific mined 1,077 BTC in January, up from the 1,044 BTC it mined in December last year. According to the announcement made by the company, its year on year growth has exceeded 315%.

Core Scientific CEO Mike Levitt has said:

“For the second month in a row, our self-mining operations have generated over 1,000 BTC. We are currently operating at over 14 EH/s with hosting, and we are well positioned to continue our planned expansion.”

He has said that, due to weather conditions in Texas, the company was forced to halt mining for a month on average once a week. The amount of electricity not consumed by Core Scientific during this period exceeded 1,100 MWh.

The company’s reserves amounted to 6,373 BTC in late January, which were entirely mined by the firm.

Core Scientific operates a fleet of more than 75,000 Bitcoin miners with a combined hashrate of 7.5 EH/s.

Louis Adams

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.