$1.4 billion of bitcoin mined last year by once bankrupt Core Scientific | Headlines | News | CoinMarketCap
03/13/2024 04:32
Earlier this year, the crypto mining firm Core Scientific emerged from bankruptcy and had its shares relisted on Nasdaq. On Tuesday, the company said …
Earlier this year, the crypto mining firm Core Scientific emerged from bankruptcy and had its shares relisted on Nasdaq. On Tuesday, the company said that last year, it mined 19,274 bitcoin, worth about $1.4 billion at current prices.
Core Scientific reported on Tuesday that it had self-mined 13,762 bitcoin for its own account on top of "an estimated 5,512 for our hosting clients’ accounts." The company also reported a net loss of $195.7 million, which it said was an improvement of $239.2 million.
"In 2023, Core Scientific earned more self-mined bitcoin than any other listed miner in North America," Core Scientific CEO Adam Sullivan said in an earnings statement. "We have now emerged from our restructuring a stronger, more focused and more productive company with a plan for …