Categories: Bitcoin Latest News

Core Scientific Mined Over 1K Bitcoin in December, Nearly 6K in 2021

Digital asset mining company Core Scientific mined a total of 1,044 bitcoin in December, taking its total for the year to 5,769.

As of the end of the year, Core Scientific held 5,296 BTC (approximately $248 million at current prices), according to an announcement Wednesday.The total of 5,769 BTC mined in 2021 comfortably exceeds that of Bitfarms and Marathon Digital, which both made similar announcements Monday, having mined 3,452 BTC and 3,197 BTC, respectively. For December, Bitfarms mined 363 bitcoins, while Marathon mined 484.5.Core Scientific operates around 67,000 ASICS mining machines, representing a hashrate of 6.6 EH/s.Last July, the firm announced it would be going public via a merger worth $4.3 billion with special purpose acquisition company (SPAC) Power & Digital Infrastructure Acquisition.Power & Digital shareholders will be asked to give their approval for the merger at a special meeting on Jan. 19.

Read more: Core Scientific to Build 300MW Blockchain Data Center in Texas

Read MoreFeedzy

Digital asset mining company Core Scientific mined a total of 1,044 bitcoin in December, taking its total for the year to 5,769.

As of the end of the year, Core Scientific held 5,296 BTC (approximately $248 million at current prices), according to an announcement Wednesday.

The total of 5,769 BTC mined in 2021 comfortably exceeds that of Bitfarms and Marathon Digital, which both made similar announcements Monday, having mined 3,452 BTC and 3,197 BTC, respectively. For December, Bitfarms mined 363 bitcoins, while Marathon mined 484.5.

Core Scientific operates around 67,000 ASICS mining machines, representing a hashrate of 6.6 EH/s.

Last July, the firm announced it would be going public via a merger worth $4.3 billion with special purpose acquisition company (SPAC) Power & Digital Infrastructure Acquisition.

Power & Digital shareholders will be asked to give their approval for the merger at a special meeting on Jan. 19.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Trending

1
Jan 5, 2022
2
Jan 5, 2022
3
Jan 5, 2022
4
Jan 5, 2022

Recent Posts

The Joule Paradox: Energy sets the value of bitcoin and bitcoin sets the value of energy

Early in our thinking about the interaction between bitcoin and energy it became obvious to…

1 hour ago

Did Hawk Tuah Crypto Debacle Eclipse Bitcoin’s $100K Moment?

One bitcoin is worth $100,000 — a milestone that has <a href="https://www.coindesk.com/business/2024/12/05/bitcoin-at-100-k-industry-reaction" target="_blank">crypto OGs in…

2 hours ago

Crypto Daybook Americas: It’s Glass Half Full Despite Record Short Bitcoin ETF Volume

By Omkar Godbole (All times ET unless indicated otherwise) You know how it feels when…

5 hours ago

Has Bitcoin Reached Its Cycle Top? Insights From Leading Analysts

Bitcoin experienced extreme volatility yesterday after reaching a new all-time high of $104,088 on Wednesday.…

5 hours ago

Ethereum To Pull A BTC 2021-Like Rally? Analyst Shares Massive Prediction

As Bitcoin finally soars above the long-awaited $100,000 milestone, Ethereum (ETH) attempts to break out…

8 hours ago

U.S. Ether ETFs Post Record Inflows, Bitcoin ETFs Add Most in Two Weeks

Net inflows into U.S. spot ether (<a href="https://www.coindesk.com/price/ethereum/ " target="_blank">ETH</a>) exchange-traded funds (ETFs) have picked…

9 hours ago