{"id":57441,"date":"2022-02-09T15:49:15","date_gmt":"2022-02-09T13:49:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57441"},"modified":"2025-09-04T11:45:30","modified_gmt":"2025-09-04T08:45:30","slug":"core-scientific-mined-more-than-1000-btc-for-the-second-consecutive-month","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/core-scientific-mined-more-than-1000-btc-for-the-second-consecutive-month\/","title":{"rendered":"Core Scientific mined more than 1,000 BTC for the second consecutive month"},"content":{"rendered":"<p>In January 2022, the American blockchain-hosting provider Core Scientific mined 1,077 BTC, up from 1,044 BTC in December. Year-on-year, the increase exceeded 315%.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">JANUARY 2022 HIGHLIGHTS:<\/p>\n<p>-1,077 <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> self-mined in January<br \/>-6,073 total <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> held on 1.31.22<br \/>-75,000+ <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> self-miners in operation, representing 7.5 EH\/s<br \/>-Hosted 7.1 EH\/s<br \/>-Grid support: 1,100+ MW-hours in aggregate electrical curtailment<br \/> <a href=\"https:\/\/t.co\/rKPS2KDwKU\">https:\/\/t.co\/rKPS2KDwKU<\/a><\/p>\n<p>\u2014 Core Scientific (@Core_Scientific) <a href=\"https:\/\/twitter.com\/Core_Scientific\/status\/1490716758872936452?ref_src=twsrc%5Etfw\">February 7, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>For the second consecutive month, our self-mining operations yielded more than 1,000 BTC. We are now running at more than 14 EH\/s including hosting, and we have good prospects for continuing the planned expansion,&#8221; said Core Scientific CEO Mike Levitt.<\/p>\n<\/blockquote>\n<p>According to him, during the month, weather conditions in Texas forced the company to suspend mining about once a week on average. The amount of unused Core Scientific electricity during the outage hours exceeded 1,100 MWh.<\/p>\n<p>As of the end of January, the firm\u2019s reserves stood at 6,373 BTC, fully mined through its own operations.<\/p>\n<p>The company operated a fleet of more than 75,000 Bitcoin miners, with a total hash rate of 7.5 EH\/s. Hosting services covered client equipment with a total capacity of 7.1 EH\/s.<\/p>\n<p>21 January Core Scientific <a href=\"https:\/\/u1f987.com\/en\/news\/core-scientific-goes-public-on-nasdaq-via-spac-merger\">went public on Nasdaq<\/a> via a merger with SPAC firm Power &#038; Digital Infrastructure Acquisition Corp. The closing price for the merged company\u2019s shares on the first day of trading was $8.8.<\/p>\n<p>As of writing, shares were valued at $10.90 in premarket trading. Core Scientific\u2019s market capitalization reached nearly $3.4 billion.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/mpkU13dLBh6LUKYQ8cwQqEVQuhqaOVgjfVIlM2qtZ2DAn4-r15pwNihZcLAbLhcMsohcbUbUQQY6X4omc43AjRlCK3yz7rgs_thWi-5DGQ_yb9fOOP6kLqiOe1-AUc_hEJonI07X\" alt=\"Core Scientific mined more than 1,000 BTC for the second consecutive month\"\/><figcaption>Data: <a href=\"https:\/\/www.marketwatch.com\/investing\/stock\/corz\">MarketWatch<\/a>.<\/figcaption><\/figure>\n<p>Back in July 2021, <a href=\"https:\/\/u1f987.com\/en\/news\/core-scientific-to-go-public-via-spac-merger\">announcing<\/a> the SPAC merger, the company was targeting a market valuation of about $4.3 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In January 2022, the American blockchain-hosting provider Core Scientific mined 1,077 BTC, up from 1,044 BTC in December. Year-on-year, the increase exceeded 315%.<\/p>\n","protected":false},"author":1,"featured_media":57442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,26],"class_list":["post-57441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=57441"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57441\/revisions"}],"predecessor-version":[{"id":57443,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57441\/revisions\/57443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/57442"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=57441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=57441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=57441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}