The Texas-based cryptocurrency mining firm – Core Scientific – produced 1,334 BTC in August and sold 1,125 BTC of that stash for approximately .9 million. In June this year, when the crypto market and bitcoin particularly dipped to record lows in years, Core Scientific parted with over 7,000 BTC for around 7 million. One of the leading crypto mining companies announced that August had been a highly successful month for the firm. In the past four weeks, it increased its self-mining hashrate by deploying thousands of new ASIC servers. “Self-mining and colocation activities continued to grow in August. We deployed more than 25,000 new ASIC servers in August, increasing our total hashrate to over 21 EH/s. Both our total hashrate and self-mining hashrate represent the
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The Texas-based cryptocurrency mining firm – Core Scientific – produced 1,334 BTC in August and sold 1,125 BTC of that stash for approximately $25.9 million.
In June this year, when the crypto market and bitcoin particularly dipped to record lows in years, Core Scientific parted with over 7,000 BTC for around $167 million.
- One of the leading crypto mining companies announced that August had been a highly successful month for the firm. In the past four weeks, it increased its self-mining hashrate by deploying thousands of new ASIC servers.
“Self-mining and colocation activities continued to grow in August. We deployed more than 25,000 new ASIC servers in August, increasing our total hashrate to over 21 EH/s. Both our total hashrate and self-mining hashrate represent the largest operating capacity of any listed company in North America,” said Mike Levitt – CEO of the organization.
- Production was also on a high level. Last month, Core Scientific mined 1,334 BTC thanks to the deployment of approximately 17,000 new servers. Additional 43,000 self-mining ASIC servers are expected to reinforce the company’s operations before the end of 2022.
- In August, Core Scientific generated nearly $26 million by selling 1,125 BTC at an average price of $23,014 per coin. As of the end of the month, it held 1,409 BTC (nearly $28 million calculated at today’s prices) and approximately $47.2 million in cash.
- The entity is among the giants and its field and one of the few whose shares are publicly traded. To enter NASDAQ, it struck a $4.3 billion SPAC (special purpose acquisition company) deal with Power & Digital Infrastructure Acquisition Corp.
- Upon joining the online global marketplace in 2021, its stocks were hovering around $10. Due to the ongoing bear market, though, they dropped significantly and currently trade at about $2.10.