Core Scientific Announces August 2024 Production and Operations Updates

Core Scientific, Inc. (Nasdaq: CORZ) ("Core Scientific" or “the Company”), a leader in digital infrastructure for bitcoin mining and high-performance computing, today released unaudited production and operations updates for August 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240905003243/en/

Core Scientific (Nasdaq: CORZ) is a leader in digital infrastructure for bitcoin mining and high-performance computing. (Photo: Business Wire)

“Our team has been very busy preparing some of our sites for modification to support our HPC hosting contracts and optimizing operations at our bitcoin mining sites,” said Adam Sullivan, Core Scientific’s Chief Executive Officer. “We have removed bitcoin mining infrastructure from two of our existing facilities in preparation for selective interior demolition and have redeployed the miners removed from those facilities to our bitcoin mining sites. The sequential decline in self-mined bitcoins earned resulted from a combination of miners migrating to their new data centers and continued growth in global network hash rate and difficulty.”

“A great deal of work lies ahead as we focus on delivering 382 contracted megawatts of infrastructure for HPC through 2026 and aim to secure additional sites for new clients this year. Our team is engaged, aligned and excited about Core Scientific’s future.”

Key Metrics Summary (unaudited)
Metric	August 2024	July 2024
Self-Mining Bitcoin Earned1	358	411
Hosting Bitcoin Earned by Customers2	90	110
Average Self-Mined Bitcoin Earned/Day	11.6	13.3
Digital Asset Self-Mining Energized Hash rate3	20.5	20.1
Digital Asset Hosting Energized Hash rate4	4.9	5.2
Total Energized Hash rate	25.4