{"id":809016,"date":"2025-02-05T07:13:18","date_gmt":"2025-02-05T12:13:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/core-scientific-announces-january-2025-production-and-operations-updates\/"},"modified":"2025-02-05T07:13:18","modified_gmt":"2025-02-05T12:13:18","slug":"core-scientific-announces-january-2025-production-and-operations-updates","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/core-scientific-announces-january-2025-production-and-operations-updates\/","title":{"rendered":"Core Scientific Announces January 2025 Production and Operations Updates"},"content":{"rendered":"

<\/p>\n

Core Scientific Announces <\/b>January 2025 Production and Operations Updates<\/b><\/p>\n

Earned 256 Self-Mined Bitcoin; Our Customers Earned an Estimated 17 Bitcoin at Our Data Centers in January<\/i><\/p>\n

AUSTIN, Texas–(BUSINESS WIRE<\/a>)–Core Scientific, Inc.<\/b><\/a> (Nasdaq: CORZ) <\/b>(“Core Scientific” or \u201cthe Company\u201d), a leader in digital infrastructure for high-performance computing and bitcoin mining,today released unaudited production and operations updates for January 2025.<\/p>\n

Key Metrics Summary (unaudited)<\/i><\/b><\/p>\n\n\n\n\n\n\n\n
\n

Metric<\/b><\/p>\n<\/td>\n

\n\n

January 2025<\/b><\/p>\n<\/td>\n

\n\n

December 2024<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Self-Mining Bitcoin Earned1<\/sup><\/b><\/p>\n<\/td>\n

\n\n

256<\/b><\/p>\n<\/td>\n

\n\n

291<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Hosting Bitcoin Earned by Customers2<\/sup><\/b><\/p>\n<\/td>\n

\n\n

17<\/b><\/p>\n<\/td>\n

\n\n

18<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Average Self-Mined Bitcoin Earned\/Day<\/b><\/p>\n<\/td>\n

\n\n

8.3<\/b><\/p>\n<\/td>\n

\n\n

9.4<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Self-Mining Energized Hash rate3<\/sup><\/b><\/p>\n<\/td>\n

\n\n

18.5<\/b><\/p>\n<\/td>\n

\n\n

19.1<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Hosting Energized Hash rate4<\/sup><\/b><\/p>\n<\/td>\n

\n\n

1.0<\/b><\/p>\n<\/td>\n

\n\n

1.0<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n
\n

Total Energized Hash rate<\/b><\/p>\n<\/td>\n

\n\n

19.5<\/b><\/p>\n<\/td>\n

\n\n

20.1<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Bitcoin Sold5<\/sup><\/b><\/p>\n<\/td>\n

\n\n

–<\/b><\/p>\n<\/td>\n

\n\n

79<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Bitcoin Sales Proceeds ($USD)<\/b><\/p>\n<\/td>\n

\n\n

–<\/b><\/p>\n<\/td>\n

\n\n

Appx. $7.7 million<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Average Self-Mining Fleet Efficiency (J\/TH)6<\/sup><\/b><\/p>\n<\/td>\n

\n\n

24.5<\/b><\/p>\n<\/td>\n

\n\n

24.6<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n
\n

1<\/sup>Self-Mining<\/b>Bitcoin Earned <\/b>represents bitcoin rewards earned by bitcoin miners owned and operated by Core Scientific.<\/p>\n<\/td>\n<\/tr>\n

\n

2<\/sup>Hosting<\/b>Bitcoin Earned <\/b>represents estimated bitcoin rewards earned by customer-owned miners installed and operated by Core Scientific in our data centers, including bitcoin rewards earned by customers and paid to the Company pursuant to proceeds sharing agreements.<\/p>\n<\/td>\n<\/tr>\n

\n

3<\/sup>Self-Mining Energized Hash Rate<\/b> represents the total rated capacity of all Company-owned bitcoin miners installed and operating in Core Scientific\u2019s data centers. Includes previous generation miners removed to accommodate new miners and then re-deployed opportunistically to exploit favorable mining economics.<\/p>\n<\/td>\n<\/tr>\n

\n

4<\/sup>Hosting Energized Hash Rate<\/b> represents the total rated capacity of all hosted bitcoin miners owned by customers, installed and operated by Core Scientific in our data centers.<\/p>\n<\/td>\n<\/tr>\n

\n

5<\/sup>Bitcoin Sold<\/b> represents all bitcoin sold by the Company during the period, including self-mined and proceeds sharing rewards.<\/p>\n<\/td>\n<\/tr>\n

\n

6<\/sup>Average Self-Mining Fleet Efficiency (J\/TH)<\/b> represents the weighted average power consumption in Joules per terahash based on the actual efficiency of each model of miner operating in Core Scientific\u2019s owned self-mining fleet.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Data Centers<\/i><\/b><\/p>\n

\nAs of month-end, the Company operated approximately 161,000 bitcoin miners in our data centers for both self-mining and hosting, representing a total energized hash rate of 19.5 EH\/s.<\/p>\n

Digital Asset Self-Mining<\/i><\/b><\/p>\n

\nCore Scientific earned 256 bitcoin in January from its owned fleet of miners. As of month end, the Company operated approximately 161,000 owned bitcoin miners, representing approximately 96% of the bitcoin miners operating in its data centers and a total energized hash rate of 18.5 EH\/s.<\/p>\n

Hosting Services for Bitcoin Mining<\/i><\/b><\/p>\n

\nIn addition to its self-mining fleet, Core Scientific provided data center hosting services, technology and operating support for approximately 7,000 hosted, customer-owned bitcoin miners, representing approximately 4% of the bitcoin miners operating in the Company\u2019s data centers as of January 31, 2025. Customer-owned bitcoin miners earned an estimated 17 bitcoin in January.<\/p>\n

Grid Support<\/i><\/b><\/p>\n

\nThe Company reduced the consumption of power at its data centers on multiple occasions, delivering 48,236 megawatt hours to local electrical grids.<\/p>\n

ABOUT CORE SCIENTIFIC<\/b><\/p>\n

\nCore Scientific, Inc. is a leader in digital infrastructure for digital assets mining and high-performance computing. We operate dedicated, purpose-built facilities for digital asset mining and are a premier provider of digital infrastructure to our third-party customers. We employ our own large fleet of computers (\u201cminers\u201d) to earn digital assets for our own account, we provide hosting services for large bitcoin mining customers and we are in the process of allocating and converting a significant portion of our nine operational data centers in Alabama (1), Georgia (2), Kentucky (1), North Carolina (1), North Dakota (1) and Texas (3), and our facility in development in Oklahoma to support artificial intelligence-related workloads under a series of contracts that entail the modification of certain of our data centers to deliver hosting services for high-performance computing.<\/p>\n

FORWARD LOOKING STATEMENTS AND EXPLANATORY NOTES<\/b><\/p>\n

\nThis press release contains \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company\u2019s ability to scale and grow its businesses, implement its business strategy, source necessary electrical energy, the advantages and expected growth of the Company and the Company\u2019s ability to source and retain talent. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as \u201caim,\u201d \u201cestimate,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cgoal,\u201d \u201cintend,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cseek,\u201d \u201ctarget\u201d or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including:our ability to earn digital assets profitably and to attract customers for our current and future expected hosting infrastructure; our ability to maintain our competitive position in our businesses; our ability to raise additional capital to continue our expansion efforts or other operations; our need for significant electric power and the limited availability of power resources; the potential failure in our critical systems, facilities or services we provide; the physical risks and regulatory changes relating to climate change; potential significant changes to the method of validating blockchain transactions; our vulnerability to physical security breaches, which could disrupt our operations; a potential slowdown in market and economic conditions, particularly those impacting artificial intelligence, high value computing, the blockchain industry and the blockchain hosting market; the identification of material weaknesses in our internal control over financial reporting; price volatility of digital assets and bitcoin in particular; the \u201chalving\u201d and other reduction of rewards available on the Bitcoin network, affecting our ability to generate revenue; the potential that insufficient awards from digital asset mining could disincentivize transaction processors from expending processing power on a particular network, which could negatively impact the utility of the network and further reduce the value of its digital assets; potential changes in the interpretive positions of the SEC or its staff with respect to digital asset mining firms; the increasing likelihood that U.S. federal and state legislatures and regulatory agencies will enact laws and regulations to regulate digital assets and digital asset intermediaries; increasing scrutiny and changing expectations with respect to our ESG policies; the effectiveness of our compliance and risk management methods; the adequacy of our sources of recovery if the digital assets held by us are lost, stolen or destroyed due to third-party digital asset services; and our level of indebtedness and our current liquidity constraints affecting our financial condition and ability to service our indebtedness. Any such forward-looking statements represent management\u2019s estimates and beliefs as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.<\/p>\n

Please follow us on:
\n
<\/b>https:\/\/www.linkedin.com\/company\/corescientific\/
\n<\/a>
https:\/\/X.com\/core_scientific
\n<\/a>
https:\/\/www.youtube.com\/@Core_Scientific\/featured<\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250205419109\/en\/<\/a><\/span><\/p>\n

\nInvestors:
\n
ir@corescientific.com<\/a><\/p>\n

\nMedia:
\n
press@corescientific.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Cryptocurrency Data Management Professional Services Technology Fintech<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Core Scientific Announces January 2025 Production and Operations Updates Earned 256 Self-Mined Bitcoin; Our Customers Earned an Estimated 17 Bitcoin at Our Data Centers in January AUSTIN, Texas–(BUSINESS WIRE)–Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or \u201cthe Company\u201d), a leader in digital infrastructure for high-performance computing and bitcoin mining,today released unaudited production and operations updates for January 2025. Key Metrics Summary (unaudited) Metric January 2025 December 2024 Self-Mining Bitcoin Earned1 256 291 Hosting Bitcoin Earned by Customers2 17 18 Average Self-Mined Bitcoin Earned\/Day 8.3 9.4 Self-Mining Energized Hash rate3 18.5 19.1 Hosting Energized Hash rate4 1.0 1.0 Total Energized Hash rate 19.5 20.1 Bitcoin Sold5 – 79 Bitcoin Sales Proceeds ($USD) – Appx. $7.7 million Average Self-Mining Fleet Efficiency (J\/TH)6 … <\/p>\n

Continue reading “Core Scientific Announces January 2025 Production and Operations Updates”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-809016","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCore Scientific Announces January 2025 Production and Operations Updates - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/core-scientific-announces-january-2025-production-and-operations-updates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Core Scientific Announces January 2025 Production and Operations Updates - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Core Scientific Announces January 2025 Production and Operations Updates Earned 256 Self-Mined Bitcoin; Our Customers Earned an Estimated 17 Bitcoin at Our Data Centers in January AUSTIN, Texas–(BUSINESS WIRE)–Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or \u201cthe Company\u201d), a leader in digital infrastructure for high-performance computing and bitcoin mining,today released unaudited production and operations updates for January 2025. Key Metrics Summary (unaudited) Metric January 2025 December 2024 Self-Mining Bitcoin Earned1 256 291 Hosting Bitcoin Earned by Customers2 17 18 Average Self-Mined Bitcoin Earned\/Day 8.3 9.4 Self-Mining Energized Hash rate3 18.5 19.1 Hosting Energized Hash rate4 1.0 1.0 Total Energized Hash rate 19.5 20.1 Bitcoin Sold5 – 79 Bitcoin Sales Proceeds ($USD) – Appx. $7.7 million Average Self-Mining Fleet Efficiency (J\/TH)6 … Continue reading "Core Scientific Announces January 2025 Production and Operations Updates"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/core-scientific-announces-january-2025-production-and-operations-updates\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-05T12:13:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250205419109r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/core-scientific-announces-january-2025-production-and-operations-updates\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/core-scientific-announces-january-2025-production-and-operations-updates\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Core Scientific Announces January 2025 Production and Operations Updates\",\"datePublished\":\"2025-02-05T12:13:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/core-scientific-announces-january-2025-production-and-operations-updates\\\/\"},\"wordCount\":1154,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/core-scientific-announces-january-2025-production-and-operations-updates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250205419109r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/core-scientific-announces-january-2025-production-and-operations-updates\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/core-scientific-announces-january-2025-production-and-operations-updates\\\/\",\"name\":\"Core Scientific Announces January 2025 Production and Operations Updates - 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(Nasdaq: CORZ) (“Core Scientific” or \u201cthe Company\u201d), a leader in digital infrastructure for high-performance computing and bitcoin mining,today released unaudited production and operations updates for January 2025. Key Metrics Summary (unaudited) Metric January 2025 December 2024 Self-Mining Bitcoin Earned1 256 291 Hosting Bitcoin Earned by Customers2 17 18 Average Self-Mined Bitcoin Earned\/Day 8.3 9.4 Self-Mining Energized Hash rate3 18.5 19.1 Hosting Energized Hash rate4 1.0 1.0 Total Energized Hash rate 19.5 20.1 Bitcoin Sold5 – 79 Bitcoin Sales Proceeds ($USD) – Appx. $7.7 million Average Self-Mining Fleet Efficiency (J\/TH)6 … Continue reading \"Core Scientific Announces January 2025 Production and Operations Updates\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/core-scientific-announces-january-2025-production-and-operations-updates\/","og_site_name":"Market Newsdesk","article_published_time":"2025-02-05T12:13:18+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250205419109r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/core-scientific-announces-january-2025-production-and-operations-updates\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/core-scientific-announces-january-2025-production-and-operations-updates\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Core Scientific Announces January 2025 Production and Operations Updates","datePublished":"2025-02-05T12:13:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/core-scientific-announces-january-2025-production-and-operations-updates\/"},"wordCount":1154,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/core-scientific-announces-january-2025-production-and-operations-updates\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250205419109r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/core-scientific-announces-january-2025-production-and-operations-updates\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/core-scientific-announces-january-2025-production-and-operations-updates\/","name":"Core Scientific Announces January 2025 Production and Operations Updates - 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