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Core Scientific Mined Over 1K Bitcoin In December To End 2021 Holding 5,296 BTC

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provider of bitcoin mining infrastructure and hosting solutions, core scientific, mined 1,044 bitcoin in december and 5,769 btc in 2021, according to a statement the company issued on wednesday.

In december and all year round, production of basic scientists increased by 313% and 350% compared with the same periods of the previous year as the minor completed 2021 holding 5,296 bitcoin, with an approximate value of $230 million at the time of writing.

"We welcome the progress achieved in 2021. Our strong momentum positions us for continued growth in 2022,' said core scientific director, Mike Levitt, in a statement.

Core scientific said its fleet currently consists of 67,000 bitcoin mining rigs with a hash rate capacity of 6.6 exahashes per second (eh/s), that it expects to expand further by 2022. The company has stated that it has contracted to deliver more than 100,000 rigs, which it expects to receive this year.

In addition to its self-mining operations, Core Scientific also provides hosting services for third-party mining entities in the form of infrastructure, technology, and operational support. The company said its hosting company currently serves over 80,000 bitcoin mining machines which produce a total of 6.9 eh/s, and signed agreements with customers to provide 430 megawatts (mw) more electricity in 2022.

in july, core scientific announced that it would go public through a merger with special purpose acquisition company (spac) power & digital infrastructure acquisition corp (xpdi). The merger raised the combined company's value, should operate as a core scientist and remain publicly listed on the nasdaq, a fully diluted pro forma implicit corporate value of approximately $4.3 billion. a special meeting will be held virtually on january 19 for xpdi shareholders to vote on the business combination with core scientific.

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 1/6/2022

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