Insolvent miner Core Scientific Bitcoin production increased 5% in December Oluwapelumi Adejumo · 4 days ago · 1 minutes checked out
This boost was taped regardless of powering down its information center operations on numerous celebrations in November and December
1 minutes checked out
Upgraded: January 10, 2023 at 12:23 am
Cover art/illustration through CryptoSlate
Insolvent Bitcoin (BTC) miner Core Scientific saw its production increase by over 5% in December to 1,435 BTC from 1,356 BTC taped in November, according to a Jan. 9 press declaration.
Throughout this duration, Core Scientific stated its self-mining hash rate increased to 15.7 EH/s from 15.4 EH/s.
The miner included that its overall hashrate as of December was 23.7 EH/s– this metric included the information center services it supplied to its clients. Core Scientific stated its clients likewise saw their production increase to 931 BTC from 795 BTC.
According to the insolvent company, this boost was taped regardless of powering down its information center operations on a number of events in November and December. The BTC miner composed:
“Curtailments in November and December amounted to 5,828 and 17,179 megawatt hours, respectively. Core Scientific deals with the neighborhoods and energy business in which it runs to improve electrical grid stability.”
Numerous BTC miners momentarily closed down operations in December due to the winter season storm.
Core Scientific submitted for Chapter 11 personal bankruptcy security on Dec. 21. Reports later on exposed that the miner owes the most liabilities–$1.3 million– amongst public BTC mining business.