Bankrupt Miner Core Scientific Bitcoin Production Rose 5% in December

Written by Arya Wang

January 10, 2023

Bankrupt Miner Core Scientific Bitcoin Production Rose 5% in December

According to a January report, the bankrupt Bitcoin (BTC) miner Core Scientific saw its output increase in December from 1,356 BTC in November to 1,435 BTC, a gain of more than 5%. 9 press statement.

Core Scientific reported that during this time, its self-mining hash rate increased to 15.7 EH/s from 15.4 EH/s.

The miner also stated that as of December, its total hash rate was 23.7 EH/s, adding the data center services it offered to its clients to this figure. According to Core Scientific, its clients’ production increased to 931 BTC from 795 BTC.

The bankrupt company claims that this increase happened despite frequently shutting down its data center operations in November and December. The BTC miner wrote:

“There were 5,828 and 17,179 megawatt hours worth of cuts in November and December, respectively. For improved electrical grid stability, Core Scientific collaborates with the local governments and utility providers where it conducts business.”

Due to the winter storm in December, a number of BTC miners temporarily ceased operations.

In the meantime, in December, Core Scientific declared bankruptcy under Chapter 11. 21. Later information showed that among publicly traded BTC mining companies, the miner has the highest liabilities ($1.3 million).


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