🧵 1. Core Scientific, once bankrupt, mined $1.4 billion worth of bitcoin last year after being relisted on Nasdaq earlier this year. #crypto
🧵 1. Core Scientific, once bankrupt, mined $1.4 billion worth of bitcoin last year after being relisted on Nasdaq earlier this year. #crypto
🧵 2. The company self-mined 13,762 bitcoin and an additional 5,512 for clients, reporting a net loss of $195.7 million, an improvement of $239.2 million.
🧵 3. Core Scientific CEO, Adam Sullivan, stated the company mined more bitcoin than any other listed miner in North America in 2023 and plans significant growth.
🧵 4. Following restructuring and bankruptcy in 2022, Texas-based Core Scientific is on track to increase mining capacity by 50% in the next four years with 724 MW of infrastructure.
🧵 Read more at: https://www.theblock.co/post/282081/1-4-billion-of-bitcoin-mined-last-year-by-once-bankrupt-core-scientific