other material
confidence high
sentiment neutral
materiality 0.55
Core Scientific mined 358 bitcoin in August, down from 411 in July, as hash rate grew and sites prepared for HPC
Core Scientific, Inc./tx
- Self-mined bitcoin earned 358 in August 2024, down 12.9% from 411 in July; YTD total 5,275.
- Estimated hosting bitcoin earned by customers 90 in August, down from 110 in July.
- Total energized hash rate 25.4 EH/s (self-mining 20.5 EH/s, hosting 4.9 EH/s) as of August 31.
- Sold 375 bitcoin in August for approx. $22.5 million, down from $25.2 million in July.
- CEO: removing mining infrastructure from two sites for HPC hosting; decline due to miner migration and network difficulty.