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8-K: Current report

SEC ·  Nov 6, 2024 05:07

Summary by Futu AI

Core Scientific announced its October 2024 operational results, mining 369 Bitcoin through self-mining operations and generating approximately $24.2 million in Bitcoin sales proceeds from selling 370 BTC. The company maintained a self-mining energized hash rate of 19.7 EH/s, while hosting services earned customers an estimated 52 Bitcoin.The company operated approximately 185,000 bitcoin miners across its data centers, with 169,000 being self-owned miners representing 91% of total operations. During October, Core Scientific contributed to grid stability by reducing power consumption and delivering 26,748 megawatt hours to local electrical grids.A significant infrastructure expansion was completed at the Pecos, TX bitcoin mining data center, adding 100 MW of capacity. The company continues to operate eight data centers across Georgia, Kentucky, North Carolina, North Dakota, and Texas, with an additional facility under development in Oklahoma.
Core Scientific announced its October 2024 operational results, mining 369 Bitcoin through self-mining operations and generating approximately $24.2 million in Bitcoin sales proceeds from selling 370 BTC. The company maintained a self-mining energized hash rate of 19.7 EH/s, while hosting services earned customers an estimated 52 Bitcoin.The company operated approximately 185,000 bitcoin miners across its data centers, with 169,000 being self-owned miners representing 91% of total operations. During October, Core Scientific contributed to grid stability by reducing power consumption and delivering 26,748 megawatt hours to local electrical grids.A significant infrastructure expansion was completed at the Pecos, TX bitcoin mining data center, adding 100 MW of capacity. The company continues to operate eight data centers across Georgia, Kentucky, North Carolina, North Dakota, and Texas, with an additional facility under development in Oklahoma.

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