Despite filing for bankruptcy in December 2022, crypto miner Core Scientific, which is also a publicly-listed company, reported a higher Bitcoin production during the last month of 2022.
According to a summary report released by Core Scientific, the data reflecting the results of its mining activities for the last couple of months from 2022 tells that the crypto miner created 1,356 Bitcoin in November 2022 and 1,435 Bitcoin in December 2022. This means that the bankrupt company managed to increase BTC creation by 5 per cent MoM (month-over-month).
Core Scientific also announced that it increased the amount of serves meant for self-mining activities to 153k. Furthermore, the company’s hash rate increased to 15.7 EH per second. Besides its platforms for crypto mining, the company also provides services for data center colocation for 80.5k ASICs owned by customers. During the last month of 2022, these services managed to produce 931 Bitcoin, translating into a 17.1 per cent increase month over month.
In late December 2022, Core Scientific declared that it filed for Chapter 11 bankruptcy. However it also said that it will not stop mining for crypto. In July 2021, Core Scientific went public at a valuation of USD 4.3 billion. Currently, the company is valued at USD 80 million.
