Core Scientific Releases January 2022 Mining Report

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Core Scientific January highlights

  • 1,077 bitcoin produced 
  • 6,373 total bitcoin held as of 1/31
  • 7.5 EH/s with over 75,000 active miners

Core Scientific, Inc released their monthly mining report showcasing a triple-digit increase over the year prior. The company mined a total of 1,077 Bitcoins in January, a 315% increase from 2021.

Mike Levitt, CEO of Core Scientific noted, “For the second month in a row, our self-mining operations produced more than 1,000 Bitcoins. We now operate over 14 EH/s combined in our self-mining and hosting activities, and are well positioned to continue our planned expansion,”

Core Scientific’s self-mining capacity represents a 7.5 EH/s hash rate while it also hosts machines for third parties. The company’s provided infrastructure serves a wide variety of customers and denotes a 7.1 EH/s hash rate which allows the company to generate an income beyond its mined Bitcoin and other digital assets.

The report also noted four separate occurrences that required the powering down of operations due to electrical curtailment. This is becoming a recurring theme in the winter months as mining companies suffer from energy restrictions due to the high demand for power in the cold months.

More About Core Scientific 

Core Scientific has operated in North America since 2017 and currently holds several data centers across the United States. You can find these centers in Georgia, Kentucky, North Carolina, North Dakota, and soon in Texas and Oklahoma.  
With over 50% of its power being generated from non-carbon sources, the company plans to maintain its carbon footprint reductions by increasing renewable power usage and buying RECs (renewable energy certificates) when needed.  

 

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CJ is a copywriter by trade, specializing in technology and the decentralized world. He’s a staunch supporter of financial freedom, self improvement, and living to one’s highest potential. He currently runs Techtonic Copywriting while also acting as a marketing advisor for several startups and companies.



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