Core Scientific Announces February 2024 Production and Operations Updates

Core Scientific, Inc. (Nasdaq: CORZ, CORZW, CORZZ) ("Core Scientific" or “the Company”), a leader in bitcoin mining and digital infrastructure for emerging high-value compute, today released production and operations updates for February 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240305231273/en/

Core Scientific designs its data centers with heat aisles to optimize miner performance without HVAC systems (Photo: Business Wire)

“Owning our own infrastructure provides us with strategic flexibility to respond rapidly to dynamic market conditions,” said Adam Sullivan, Core Scientific’s Chief Executive Officer. “For example, we increased our self-mining hash rate by 300 petahash largely by redeploying earlier-generation miners. These miners had been replaced with more efficient S19j XP units in January, using newly activated capacity. Capitalizing on strong spot bitcoin pricing, quickly reactivating these miners boosted our hash rate and enhances our bitcoin earnings.”

“From a capital expenditures perspective, we continue to manage our investments carefully to ensure our ongoing financial strength. To that end, we completed all miner payments due in 2024 for the S19j XPs and S21s we previously announced, enabling us to focus our remaining investments this year on new miner purchases and our organic infrastructure growth plans,” Mr. Sullivan added.

Key Metrics Summary

Metric	February 2024	January 2024
Self-Mining Bitcoin Earned1	893	1,027
Hosting Bitcoin Earned by Customers2	307	354
Average Self-Mined Bitcoin Earned/Day	30.8	33.1
Self-Mining Energized Hash rate3	18.9	18.6
Hosting Energized Hash rate4	6.2	6.2
Total Energized Hash rate	25.1	24.8
Bitcoin Sold	952