Core Scientific produces 1,295 bitcoins in October

Core Scientific announced production and operational updates for October. As of month-end, the company operated approximately 243,000 ASIC servers for both colocation and self-mining, representing a total of 24.4 EH/s. The company’s Georgia, Kentucky, North Carolina, and North Dakota data center facilities continue to operate at capacity. The company has completed 287 MW of its data center build out in Texas. Core Scientific’s self-mining operations produced 1,295 bitcoins in October. As of October month end, the Company operates approximately 143,000 self-mining servers accounting for approximately 59% of the company’s total fleet and representing a self-mining hashrate of 14.4 EH/s. In addition to its self-mining fleet, as of October 31, Core Scientific provided data center colocation services, technology and operating support for approximately 100,000 customer-owned ASIC servers. As of October month end, colocation services accounted for approximately 41% of the company’s total fleet. During the month of October, the company sold 2,285 bitcoins at an average price of $19,639 per bitcoin for total proceeds of approximately $44.8M. As of October 31, the company held 62 bitcoins and approximately $32M in cash. In the month of October, the company powered down its Texas and other data center operations on several occasions. Curtailments in October totaled 5,125 megawatt hours. Core Scientific works with the communities and utility companies in which it operates to enhance electrical grid stability.