Bitcoin miner Core Scientific: We've become the largest in the U.S.

Despite being one of the largest mining companies, Core Scientific, which was seriously adversely affected by the Terra LUNA and then FTX crises in 2022, stated that in 2023, the company BTC 13,762 units and 5510 customer machines.

Stating that it has raised a total of 19,274 BTC, the company announced that it is the largest in the USA in 2023 in this sense. The current total value of the issued BTC is around $815 million. Core Scientific also noted that there are a total of 209,000 mining machines owned by the company and operated on behalf of others.

The company filed for bankruptcy in the "crypto winter" when the price of Bitcoin fell below $20,000 and continued its activities within the framework of this bankruptcy plan with the decision of the bankruptcy court in June 2023. Such schemes allow companies to continue operating without paying shareholders.

The mining company announced in December (2023) that it was exiting its bankruptcy plan and returned to the Nasdaq stock market on January 27.

Published: February 1, 2024 1:30 pmLast Updated: February 1, 2024 13:35