Core Scientific sold 7,202 BTC in June for $167 million

The U.S. blockchain-hosting provider Core Scientific sold 7,202 BTC in June for $167 million at an average price of $23,000 per bitcoin, according to a пресс-релизе.

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The proceeds were largely used to pay for equipment, capital expenditures, the commissioning of additional data-centre capacity, and debt service.

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“As of June 30, the company had 1,959 BTC on its balance sheet and about $132 million in cash,” the press release noted.

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The company said it would continue selling mined cryptocurrency to cover operating expenses, finance growth, repay debt and maintain liquidity.

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“Daily mining rose by about 14% last month — from 34.8 BTC (June 1) to 39.8 BTC (June 30),” Core Scientific representatives said.

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In total last month, the company mined 1,106 BTC.

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Its own mining facilities include 103,000 ASIC devices with a total hashrate of 10.3 EH/s.

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The company plans to bring online another 70,000 miners over the next six months. 90% of the cost of the additional equipment has already been paid.

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In the first quarter, Core Scientific posted a net loss of $466.2 million.

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