Core Scientific is Liquidating its Reserves

Publicly-listed mining company and blockchain hosting provider Core Scientific sold 1,576 BTC in September, whereas it “only” mined 1,213 BTC.

At the beginning of October, the company’s reserves amounted to 1,051 BTC. In addition, the firm also had $29.5 million in fiat money.

Core Scientific has closed its its data centers in Texas several times during September due to extreme weather and electrical problems. The volume of electricity unclaimed from the network amounted to 8774 MWh.

The company has increased its own equipment fleet to 130,000 devices with a hashrate of 13 EH/s by deploying about 2,900 Bitcoin miners.

staff

staff
yourcryptostop.com