Summary by Futu AI
Core Scientific mined 411 Bitcoin in July 2024, generating approximately $25.2 million from selling 401 BTC. The company operated 214,000 bitcoin miners across seven data centers, achieving a total energized hash rate of 25.3 EH/s, with self-mining hash rate at 20.1 EH/s and hosting services at 5.2 EH/s.The company is executing strategic transitions, planning to migrate miners to dedicated sites while modifying infrastructure for HPC hosting. Additionally, Core Scientific became the first bitcoin miner to support Foundry Donate, a program funding Bitcoin Network core developers. The company is also preparing for the integration of Block's new 3 nanometer ASIC chip next year.In July, Core Scientific implemented post-halving strategies to maximize profitability through selective mining curtailment, delivering 30,762 megawatt hours to grid partners. The company continues its 100 MW expansion project at the Pecos, Texas data center, which will accommodate relocated bitcoin miners from sites scheduled for HPC hosting modification.
