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.
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.