Bankrupt miner Core Scientific mined 13,762 bitcoins in 2023

Core Scientifica large crypto miner which filed for bankruptcy at the end of 2022 in the wake of falling prices, mined 13,762 bitcoins last year. The company is expected to release from the bankruptcy this month.

The Bitcoin miner listed on the stock exchange Core Scientific announced on Friday that its production had reached 1177 BTC in December and totaled 13,762 BTC in 2023.

At the end of December 2022, Core Scientific filed for Chapter 11 protection in the United States with the ambition of restructuring, all the while continuing to mine digital coins. The crypto-mining company received backing from Chinese manufacturer Bitmain and traditional finance giant BlackRock in 2023.

While it had hoped to emerge from bankruptcy this past quarter, it recently indicated that its comeback would ultimately take place between mid-January and the end of January 2024.

Core Scientific hosts a total of 209,000 Bitcoin ASICs in its mining centers today, of which 158,000 are on its own account and total 16.9 EH/s in terms of hahsrate. Including miners hosted for other companies, the overall hash rate of its infrastructures reaches 23.2 EH/s.

This autumn, as part of its equity investment, Bitmain sold 27,000 S19J XPs to Core Scientific for $23 million.

CORZQ shares rose slightly in the second half of 2023, after falling sharply following the company’s bankruptcy filing. Its price touched $1.91 in December.

One of its main rivals, Marathon Digital, recently announced that it mined 12,852 BTC last year.

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