Summary by Futu AI
Core Scientific earned 358 self-mined Bitcoin in August 2024, down from 411 in July, with customers mining an additional 90 Bitcoin at their facilities. The company operated approximately 214,000 bitcoin miners with a total energized hash rate of 25.4 EH/s, comprising 175,000 self-owned miners (20.5 EH/s) and 39,000 hosted customer miners (4.9 EH/s).The company is transitioning some facilities to support high-performance computing (HPC) hosting contracts, having removed bitcoin mining infrastructure from two locations for selective interior demolition. Core Scientific plans to deliver 382 contracted megawatts of HPC infrastructure through 2026. During August, the company sold 375 Bitcoin for approximately $22.5 million and contributed 58,733 megawatt hours to local electrical grids through power consumption reductions.