Company Announcements

Core Scientific Inc Reports August 2024 Bitcoin Mining Update

An update from Core Scientific Inc ( (CORZ) ) is now available.

Core Scientific, a leader in digital infrastructure and bitcoin mining, has revealed updates for August 2024, highlighting the mining of 358 self-mined bitcoins and an additional 90 bitcoins earned by customers at their data centers. Despite a sequential decline in bitcoin earnings due to miners relocating and increased global network hash rate challenges, the company remains focused on expanding its infrastructure to support high-performance computing contracts and securing new client sites. Core Scientific has contributed to local grids by reducing power consumption and continues to aim for growth and efficiency in their operations.

Find detailed analytics on CORZ stock on TipRanks’ Stock Analysis page.

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