Core Scientific

How does Core Scientific continue to deliver consistent results? 1. Strong assets developed over the last 7 years 2. The best operational team in the industry Core Scientific CEO Adam Sullivan reveals to Anthony Power and Bryce McNallie how Core Scientific continues to execute throughout the entire business. Check out the full interview here: https://lnkd.in/gkp-aQfa

Did you miss our Q1 2024 update? Here's Adam Sullivan recapping our Q1 results and previewing what lies ahead for Core Scientific!

The #PowerMinAnalysis podcast welcomed Adam Sullivan the CEO of Core Scientific, who discussed the company's recent quarterly earnings which witnessed a net income of $210.7 million, cash and cash equivalents of $98.1million as well as retiring $19 million in obligations shortly after quarter end. The company also increased their self-mining hash rate to 20.4 EH/s at the end of April and with a further 72 MW of expansion at their Denton facility Texas due to occur in 2024, taking the facility close to 200 MW, with an additional 100 MW available for further expansion as required. Their Pecos site, also situated in Texas, currently operating at 71 MW also has the opportunity to grow a further 163 MW. https://lnkd.in/dW7YNEdF

Core Scientific CEO Adam Sullivan on how owning and controlling approximately 745 MW of infrastructure strategically positions us to operate as a low-cost #Bitcoin miner, while also expanding our #AI and #HPC hosting business. Check out the full CNBC interview with Tanaya Macheel here: https://lnkd.in/gyx2mY4v

📢A new episode of The Blockchain Interviews is up! Navigating the Bitcoin Mining Maze: Core Scientific's Strategy for Industry Dominance with Adam Sullivan of Core Scientific & Dan Weiskopf Check it out here: https://lnkd.in/eiR8kMtg #bitcoin #bitcoinmining #bitcoinminer #blockchain #cryptocurrency #investing #etfs #investing $CORZ

Maintenance is key 🔑 Core Scientific CEO Adam Sullivan on how routine infrastructure maintenance processes drive productivity and efficiency in #Bitcoin mining with Anthony Pompliano. Check out the full interview here: https://lnkd.in/dXKXbAiP

Core Scientific Q1 2024 results are out! - Self-mined 2,825 #Bitcoin - $179.3 million in total revenue - $210.7 million net income - 43% gross margin - $88 million adjusted EBITDA - Owned and operated ~745 MW of infrastructure “We delivered outstanding results in the first quarter, earning more bitcoin than any other publicly traded bitcoin miner, strengthening our balance sheet by paying down debt and improving our cash position, and improving our fleet efficiency with the deployment of new generation miners” - Core Scientific CEO Adam Sullivan Press Release: https://bit.ly/3UAx17a Webcast Recording: https://bit.ly/44y4PX7 Presentation: https://bit.ly/4dxWkPT

Reminder that we will be hosting a conference call and webcast today at 3:30pm CT to discuss Q1 financial results!

We’re excited to sponsor CoinDesk Consensus 2024! Stop by Booth 1621 to meet the Core Scientific team! Use promo code CORESCIENTIFICC24 to get a 20% discount on your ticket 🎟️

Core Scientific April 2024 #Bitcoin Production and Operations Update is out! - 803 self-mined bitcoin and ~265 customer-mined bitcoin in April - Completed deployment of 2.5 EH/s of S21 miners from previously announced order - Operated ~224,000 owned and hosted bitcoin miners for a total energized hash rate of 26.7 EH/s as of April 30, 2024 - Improved average self-mining fleet efficiency to 25.78 J/TH “Strong cash generation enabled us to pay off $19 million in debt associated with mechanics’ liens and begin completion of 72 megawatts of partially built infrastructure at our Denton, Texas data center. This expansion is part of our multi-year growth plan to add 372 megawatts of new infrastructure, which represents more than 20 exahash of new hash rate.” - Core Scientific CEO Adam Sullivan Check out full press release here: https://bit.ly/44sXYy6