Core Scientific, one of the largest Bitcoin (BTC) mining companies, has revealed the amount and details of Bitcoin it produced last year.
Based in Texas, USA, Core Scientific announced on March 12 that it mined 19,274 Bitcoin worth $1.4 billion last year, despite being in bankruptcy.
The company stated that 13,762 Bitcoins mined were reserved for its own accounts, while the remaining ones were used for bankruptcy payments and other operational expenses.
Earlier this year, the company announced that it emerged from bankruptcy and will continue its operations under various regulations.
In a statement, Core Scientific CEO Adam Sullivan mentioned that despite all the challenging financial conditions, they produced more Bitcoin than all other miners in North America in 2023:
“In 2023, Core Scientific mined more Bitcoin than all other listed miners in North America. We emerged from our restructuring a stronger, more focused, and more productive company, and we have a plan for self-mining growth of more than 20 exahashes.”
