{"id":63973,"date":"2022-07-05T20:38:22","date_gmt":"2022-07-05T17:38:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63973"},"modified":"2025-09-06T11:53:12","modified_gmt":"2025-09-06T08:53:12","slug":"core-scientific-sold-7202-btc-in-june-for-167-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/core-scientific-sold-7202-btc-in-june-for-167-million\/","title":{"rendered":"Core Scientific sold 7,202 BTC in June for $167 million"},"content":{"rendered":"<p>The U.S. blockchain-hosting provider Core Scientific sold 7,202 BTC in June for $167 million at an average price of $23,000 per bitcoin, according to a <a href=\\\"https:\/\/www.businesswire.com\/news\/home\/20220705005347\/en\/Core-Scientific-Announces-June-Updates\\\">\u043f\u0440\u0435\u0441\u0441-\u0440\u0435\u043b\u0438\u0437\u0435<\/a>.<\/p>\n<p>\\n\\n\\n\\n<!--more-->\\n\\n\\n\\n<\/p>\n<p>The proceeds were largely used to pay for equipment, capital expenditures, the commissioning of additional data-centre capacity, and debt service.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cAs of June 30, the company had 1,959 BTC on its balance sheet and about $132 million in cash,\u201d the press release noted.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>The company said it would continue selling mined cryptocurrency to cover operating expenses, finance growth, repay debt and maintain liquidity.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cDaily mining rose by about 14% last month \u2014 from 34.8 BTC (June 1) to 39.8 BTC (June 30),\u201d Core Scientific representatives said.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>In total last month, the company mined 1,106 BTC.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Its own mining facilities include 103,000 ASIC devices with a total hashrate of 10.3 EH\/s.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The company plans to bring online another 70,000 miners over the next six months. 90% of the cost of the additional equipment has already been paid.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>In the first quarter, Core Scientific <a href=\"https:\/\/u1f987.com\/en\/news\/core-scientific-reports-a-net-loss-of-466-2-million\">posted a net loss of $466.2 million<\/a>.<\/p>\n<p>\\n\\n\\n\\n\\n\\n<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Core Scientific sold 7,202 BTC in June for $167 million at an average price of $23,000 per bitcoin.<\/p>\n","protected":false},"author":1,"featured_media":63974,"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":[1271,1137],"class_list":["post-63973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-core-scientific","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63973","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=63973"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63973\/revisions"}],"predecessor-version":[{"id":63975,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63973\/revisions\/63975"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/63974"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}