Operating approximately 232,000 owned and colocated ASIC servers Produced 1,213 self-mined bitcoins AUSTIN, Texas,–(BUSINESS WIRE)–Core Scientific, Inc. (NASDAQ: CORZ) (“Core Scientific” or “the Compa...
Tag: Scientific
Celsius Mining claims hosting provider Core Scientific violated bankruptcy terms
Celsius Mining, the mining arm of the bankrupt crypto lender, filed a motion Wednesday against its hosting provider Core Scientific, accusing the company of breaching their agreement and violating ban...
I like Boston Scientific over Medtronic
Dow Inc: “Don’t buy it back. … It’s just not right.” SoFi Technologies Inc: “This stock is too cheap. … The CEO is going to make you money if you buy that sto...
Crypto Miner Core Scientific Forced to Release Staff
Crypto mining company Core Scientific has announced it is reducing its staff by roughly ten percent and that it’s devaluing the value of its assets as the crypto space continues to suffer at press tim...
Core Scientific Confirms selling 1,100 Bitcoin In August, What Was Its Impact?
While the current quarter in the crypto market has been bad for many companies as Bitcoin dropped, it has been successful for some. Core Scientific has proven that market lows can be beneficial if the...
Core Scientific, a Leading NAM Bitcoin Miner Sold 1,125 BTC in August 2022
The Crypto market is going through the worst times, especially Bitcoin miners. Bitcoin is showing a dramatic downfall graph over the past few weeks. However, some of the Bitcoin miners are surfing ove...
A Decentralized Way to Fund Scientific Discoveries
The Science DAO is a decentralized think tank, incubator engine, and accelerator platform that aims to empower inventors, entrepreneurs, and institutions to collaborate and make informed investments i...
Core Scientific Sold Over 1,100 BTC in August for $26 Million
The Texas-based cryptocurrency mining firm – Core Scientific – produced 1,334 BTC in August and sold 1,125 BTC of that stash for approximately $25.9 million. In June this year, when the crypto market ...
Decentralized Science DAOs Empower Scientists and Scientific Research
HodlX Guest Post Submit Your Post Science holds the key to our civilization’s growth and progress. But still, most of the world’s great scientists have suffered tremendously – ever since Galileo an...
What did the policymakers ask the Miners Core, Scientific, Riot, and Stronghold?
The house committee on energy and commerce sent a letter to the four biggest crypto mining operations. The letter asked the companies to answer certain questions. The House Committee of Energy and Com...
What Did US Lawmakers Ask Miners Core Scientific, Riot, Marathon & Stronghold?
The four biggest US-based mining operations – Core Scientific, Marathon Digital Holdings, Riot Blockchain, and Stronghold Digital Mining – got a letter from the House Committee On Energy and Commerce....
Core Scientific beats on revenue, posts net loss in second quarter
Core Scientific posted an $862 million net loss in the second quarter, the bulk of which was due to an $840 million goodwill impairment charge and a $150.2 million impairment on digital assets. The b...
Core Scientific Records $862m Loss in Q2, follows by 10 % Workforce Laid off
Core Scientific, a large publicly traded cryptocurrency mining company in North America, announced its second quarter 2022 update and said it was laying off 10% of its workforce as it reported an $862...
Crypto Miner Core Scientific Downsizing After $840M Impairment Charge
Produced 3,365 bitcoin in the quarter, a 4% drop from the prior quarter Shares of CORZ have clawed back some of the year’s losses over the past month Core Scientific (CORZ) reduced its headcount by 10...
Core Scientific mined 10.4% more bitcoin in July despite power cuts
Core Scientific self-mined 1,221 BTC in July — up by 10.4% compared with June, despite having to curtail power due to extreme temperatures in Texas. Curtailment periods totaled 8,157 megawatt-hours in...
Core Scientific Sold 1,975 Bitcoins More That It Mined in July
Core Scientific, a major publicly traded cryptocurrency mining firm in North America, on Friday, announced its production and operational updates for July 2022. During the month of July, the firm mine...
Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts
Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid. In a Frida...
Core Scientific reports increased bitcoin production in July despite disruptions
Core Scientific, a cryptocurrency mining firm, has reported that its mining operations generated 1221 bitcoin in July. The BTC produced during the month was higher than the previous months despite the...
Core Scientific Sold More Bitcoin Than It Mined for Second Consecutive Month
Publicly traded Bitcoin miner Core Scientific experienced another net loss on its Bitcoin holdings last month. The firm sold 1,975 coins at an average price of $22,000 per Bitcoin in July, netting it...
Core Scientific Signs Agreement to Increase Hosting by 75MW
Core Scientific is one such unique company which offers mining as well as hosting operations. Core Scientific announced signing a deal aiming to host 75 megawatts of ASIC. The information about ...
Core Scientific signs hosting deal worth $50 million per year
Bitcoin miner Core Scientific closed a deal to host 75 megawatts worth of hardware capacity. The agreement will bring in a total of $50 million per year in revenue once the miners are fully installed,...
Core Scientific Signs Hosting Deal to Add 75 MW to ASIC Server Capacity
U.S.-based crypto mining company Core Scientific has signed a colocation agreement to secure at least 75 megawatts (MW) of energy capacity for its data centres. The new agreement involves the deployme...
Bitcoin Miner Core Scientific Strikes $100M Stock Deal After Dumping BTC
Core Scientific signed an agreement to sell $100 million shares to investment firm B. Riley The miner sold 7,202 bitcoin for roughly $167 million in June Major bitcoin mining outfit Core Scientific is...
Bitcoin miners sell BTC to cover their dollar obligations, Core Scientific CEO says
Core Scientific CEO and co-founder Mike Levitt says the crypto market space is indeed feeling the heat of the crypto winter, with a price crash across cryptocurrencies impacting mining companies’ deci...
Core Scientific Financing The Bear Market
Core Scientific has taken some big steps to enhance the liquidity of bitcoin. Subject to certain restrictions and requirements, Core Scientific has the option but is under no obligation to issue these...
Bitcoin Miner Core Scientific Secures $100m Financing amid Bear Market
Core Scientific, a publicly traded Bitcoin mining firm based in the US, announced Thursday that it has entered into a common stock purchase agreement for up to $100 million with B. Riley investment ba...
Core scientific sold out Bitcoin holding to pay the debt
Core Scientific Sold 79% Bitcoins holding. Core Scientific sold bitcoin for an average price of $23000. Core Scientific is a leading mining firm established in 2017 for Mining Bitcoi...
Bitcoin is the ‘Holy Grail’ of accounting, says Core Scientific founder
Episode 61 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Darin Feinstein, founder of Core Scientific. Listen below, and subscribe to The Scoop on Apple, Spotify, G...
Crypto Miner Core Scientific Dumps $165M Bitcoin to ‘Enhance Liquidity’
Crypto miner Core Scientific sold roughly $165 million worth of Bitcoin last month, as inflation and market turmoil piled on the pressure for public crypto companies. The NASDAQ-listed firm sold 7,202...
Core Scientific Sells Massive 7202 Bitcoins in June 2022 to Cover Operational Costs
Bitcoin mining giant Core Scientific has to sell more than 85% of its BTC holdings last month to repay other scheduled debts and cover operational costs. The brutal correction in the crypto market has...
Bitcoin Miner Core Scientific Confirms $167M Bitcoin Sale Amid Market Selloff
Public-traded Bitcoin mining company Core Scientific sold 7,202 BTC, worth $167 million last month. According to the firm’s “June Updates,” released on Tuesday, the crypto assets were sold at an avera...