- Core Scientific mined over 1,000 bitcoin in just one month.
- The miner said he ended 2021 at 5,296 BTC worth about $ 230 million.
- Its self-mining operations include 67,000 ASIC machines.
Bitcoin mining infrastructure and hosting solutions provider Core Scientific mined 1,044 Bitcoin in December and 5,769 BTC in 2021, according to a statement released by the company on Wednesday.
Core Scientific’s December and full year production represented a 313% and 350% increase over the same periods last year, as the miner entered 2021 with 5,296 Bitcoin valued at about $ 230 million at the time of writing finished.
“We look forward to our progress in 2021. Our strong momentum positions us for further growth in 2022,” said Mike Levitt, CEO of Core Scientific, in a statement.
Core Scientific announced that its fleet currently consists of 67,000 Bitcoin mining rigs with a hash rate capacity of 6.6 exahashes per second (EH / s) and is set to expand further in 2022. The company said it has signed a contract to supply over 100,000 drill rigs, which is expected this year.
In addition to its self-mining operations, Core Scientific also provides hosting services for third-party mining companies in the form of infrastructure, technology and operational support. The company said its hosting business currently serves more than 80,000 bitcoin mining machines with a total output of 6.9 EH / s, and it has agreements with its customers to provide an additional 430 megawatts (MW) of power in 2022.
In July, Core Scientific announced that it would go public through a merger with the special purpose vehicle Power & Digital Infrastructure Acquisition Corp (XPDI). The merger deal valued the combined company, which is expected to trade as Core Scientific and will remain publicly traded on the Nasdaq, with an implied, fully diluted pro forma enterprise value of approximately $ 4.3 billion. A special virtual meeting for XPDI shareholders will take place on January 19 to vote on the business combination with Core Scientific.