{"id":10348,"date":"2024-02-01T16:45:23","date_gmt":"2024-02-01T14:45:23","guid":{"rendered":"https:\/\/forklog.com\/en\/core-scientific-mines-over-19200-btc-in-a-year\/"},"modified":"2024-02-01T16:45:23","modified_gmt":"2024-02-01T14:45:23","slug":"core-scientific-mines-over-19200-btc-in-a-year","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/core-scientific-mines-over-19200-btc-in-a-year\/","title":{"rendered":"Core Scientific Mines Over 19,200 BTC in a Year"},"content":{"rendered":"<p>In 2023, the bankrupt mining company Core Scientific mined 19,274 BTC (approximately $812 million at the time of writing).<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">In 2023, Core Scientific produced 19,274 Bitcoin, comprising 13,762 self-mined and 5,512 client-mined in our data centers, making us the largest listed producer of <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> in North America!<\/p>\n<p>As every miner\u2019s performance is crucial to our success, we have teams monitoring our\u2026 <a href=\"https:\/\/t.co\/ko9Ms9kyCo\">pic.twitter.com\/ko9Ms9kyCo<\/a><\/p>\n<p>\u2014 Core Scientific (@Core_Scientific) <a href=\"https:\/\/twitter.com\/Core_Scientific\/status\/1752736454688596336?ref_src=twsrc%5Etfw\">January 31, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the statement, this level of cryptocurrency production makes the company the largest publicly listed miner in North America.<\/p>\n<p>Of the total bitcoins mined, 13,762 BTC were self-mined, while another 5,512 BTC were generated by client-hosted equipment in the firm&#8217;s data centers.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAs every miner\u2019s performance is crucial to our success, we have teams monitoring our equipment around the clock to minimize downtime,\u201d Core Scientific emphasized.<\/p>\n<\/blockquote>\n<p>In December 2022, the company filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code.  <\/p>\n<p>Subsequently, a group of creditors agreed to lend Core Scientific $37.5 million.<\/p>\n<p>Throughout 2023, the company arranged a $70 million loan with investment bank B. Riley, and Bitmain agreed to invest $53.9 million in the firm as part of a contract to supply 27,000 bitcoin mining devices.<\/p>\n<p>In December, Core Scientific announced its anticipated emergence from bankruptcy proceedings in early 2024. In January, the court <a href=\"https:\/\/forklog.com\/en\/news\/bankruptcy-court-approves-core-scientifics-reorganization-plan\">approved the reorganization plan<\/a>, paving the way for the company to return to the Nasdaq listing.  <\/p>\n<p>As reported by CoinShares experts, following the halving, only Bitfarms, Iris, CleanSpark, TeraWulf, and Cormint <a href=\"https:\/\/forklog.com\/en\/news\/coinshares-evaluates-bitcoin-miners-prospects-post-halving\">are expected to operate profitably<\/a> among public miners. Analysts did not include Core Scientific or GRIID, which went public at the end of January, in the report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2023, the bankrupt mining company Core Scientific mined 19,274 BTC (approximately $812 million at the time of writing). In 2023, Core Scientific produced 19,274 Bitcoin, comprising 13,762 self-mined and 5,512 client-mined in our data centers, making us the largest listed producer of #Bitcoin in North America! As every miner\u2019s performance is crucial to our [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1271,1137],"class_list":["post-10348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-core-scientific","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"85","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10348"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10347"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}