{"id":72309,"date":"2023-01-10T10:15:16","date_gmt":"2023-01-10T08:15:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=72309"},"modified":"2025-09-08T14:21:25","modified_gmt":"2025-09-08T11:21:25","slug":"core-scientific-mined-2791-btc-in-two-months","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/core-scientific-mined-2791-btc-in-two-months\/","title":{"rendered":"Core Scientific mined 2,791 BTC in two months"},"content":{"rendered":"<p>The mining company Core Scientific mined 1,356 BTC in November and 1,435 BTC in December, respectively. The rise was 5.8%, despite outages caused by bad weather.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Core Scientific November and December 2022 earnings updates. <a href=\"https:\/\/twitter.com\/search?q=%24CORZ&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$CORZ<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/earnings?src=hash&#038;ref_src=twsrc%5Etfw\">#earnings<\/a> <a href=\"https:\/\/t.co\/Zg1QtJVddP\">https:\/\/t.co\/Zg1QtJVddP<\/a><\/p>\n<p>\u2014 Core Scientific (@Core_Scientific) <a href=\"https:\/\/twitter.com\/Core_Scientific\/status\/1612472966557667331?ref_src=twsrc%5Etfw\">January 9, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As of year-end, Core Scientific&#8217;s fleet consisted of approximately 153,000 ASIC miners with a combined hash rate of 15.7 EH\/s (November: 15.4 EH\/s).<\/p>\n<p>Taking into account equipment hosted in data centres, the company operated 234,000 devices with a hash rate of 23.7 EH\/s.<\/p>\n<p>Client-owned installations produced 795 BTC in November and 931 BTC in December.<\/p>\n<p>Last month, the blizzard that struck the United States forced many local miners to <a href=\"https:\/\/forklog.com\/en\/news\/bad-weather-in-the-united-states-knocks-bitcoin-hashrate\">disconnect equipment<\/a> to balance the grid or for safety.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIn November and December the company repeatedly halted operations at its data centres. The reductions in consumption amounted to 5,828 MWh and 17,179 MWh respectively,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>Core Scientific operates facilities in Georgia, Kentucky, North Carolina, North Dakota and Texas.<\/p>\n<p>In December the firm <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-miner-core-scientific-files-for-chapter-11-bankruptcy\">filed for Chapter 11 bankruptcy<\/a> under the U.S. Bankruptcy Code. The company said it would continue operations and aimed to &#8220;quickly reorganise the business&#8221; based on agreements with holders of 50% of the outstanding convertible notes.<\/p>\n<p>A group of creditors agreed to provide the debtor with a $56 million credit line and to extend a $19 million syndicated loan.<\/p>\n<p>The bankruptcy court approved Core Scientific&#8217;s access to <a href=\"https:\/\/forklog.com\/en\/news\/core-scientific-gains-access-to-37-5-million-loan-from-creditors\">a $37.5 million loan<\/a> from these funds. In January the company will file for the remaining debt financing.<\/p>\n<p>In October, Core Scientific <a href=\"https:\/\/forklog.com\/en\/news\/core-scientific-faces-bankruptcy-risk\">warned of liquidity problems<\/a> and the risk of bankruptcy.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mining company Core Scientific mined 1,356 BTC in November and 1,435 BTC in December, respectively. The rise was 5.8%, despite outages due to bad weather.<\/p>\n","protected":false},"author":1,"featured_media":72310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1271,1137],"class_list":["post-72309","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":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/72309","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=72309"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/72309\/revisions"}],"predecessor-version":[{"id":72311,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/72309\/revisions\/72311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/72310"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=72309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=72309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=72309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}