Core Scientific Announces September 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 September 2024.
"Our outstanding team continues to advance our customer-funded project to modify certain of our data centers to deliver nearly 400 megawatts of digital infrastructure for high-performance computing,” said Adam Sullivan, Core Scientific’s Chief Executive Officer. “In September, we completed the migration of all ASIC miners from two of our bitcoin mining data centers designated for HPC conversion. Our team is now diligently removing the associated cabling, power distribution units, racks and other mining infrastructure to facilitate this transformation.”
“Supporting our HPC expansion, we have commenced work on the sub-station at our Muskogee, OK site, where we plan to construct a state-of-the-art, 100-megawatt data center. Additionally, we are on schedule to finalize the 100-megawatt expansion of our Pecos, TX bitcoin mining data center. We remain committed to delivering powered infrastructure equipped with advanced liquid cooling systems, specifically optimized for AI GPU cloud workloads, for our HPC customer beginning in the first half of 2025. As we execute on our current projects, we are also focused on expanding our infrastructure portfolio to drive long-term growth and enhance shareholder value,” added Mr. Sullivan.
Key Metrics Summary (unaudited)
Metric |
September 2024 |
August 2024 |
July 2024 |
Third Qtr. 2024 |
|||
Self-Mining Bitcoin Earned1 |
345 |
358 |
411 |
1,115 |
|||
Hosting Bitcoin Earned by Customers2 |
66 |
90 |
110 |
266 |
|||
Average Self-Mined Bitcoin Earned/Day |
11.5 |
11.6 |
13.3 |
12.1 |
|||
Self-Mining Energized Hash rate3 |
20.4 |
20.5 |