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Mining Firm Core Scientific Produced 1,334 Bitcoins in August

By WebsCryptoSeptember 7, 20221 Min Read
Mining Firm Core Scientific Produced 1,334 Bitcoins in August
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BTC -0.21%-news/">Bitcoin miner Core Scientific released its August production and operations update, with Core Scientific’s self-mining operations producing 1,334 Bitcoins in August.

Self-mining Bitcoin production benefited from the deployment of around 17,000 new servers this month. Increased curtailment activity at multiple data centers limited production progress. The company expanded its self-mining server fleet to 127,716 this month, boosting the hash rate to 12.69 EH/s.

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The company expects to deploy around 43,000 additional self-mining ASIC servers by the end of 2022. As of August 31, Core Scientific also provided data center colocation services, technical and operational support for more than 97,000 customer-owned ASIC servers.

In August, the company sold 1,125 Bitcoins at an average price of $23,014, for a total gain of about $25.9 million. As of Aug. 31, the company held 1,409 Bitcoins and about $47.2 million in cash.

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DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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