Core Scientifics Bitcoin Mining-output falder i august

Core Scientifics Bitcoin Mining-output falder i august

Tidsstempel: 7. september 2023 kl. 12
Kildeknude: 2867669

The cryptocurrency mining company Core Scientific has
released its production and operations update for August, highlighting 206,000
owned and co-located Bitcoin miners. The company managed to produce 965
self-mined Bitcoins and an estimated 403 Bitcoins from co-located miners.

Comparatively, in July,
Core Scientific operated 210,000 owned and co-located Bitcoin miners. During
this period, the company successfully produced 1,022 self-mined Bitcoins, with
an additional 493 Bitcoins generated from co-located customers. According to
the company’s report, Core Scientific posted a potential rate of 22.2 EH/s at
its data center facilities in Georgia, Kentucky, North Carolina, North Dakota,
og Texas.

Similarly, in June, Core
Scientific maintained its 210,000 owned and co-located Bitcoin miners. During
this month, the company generated 1,030 self-mined Bitcoins and an additional
508 Bitcoins for co-location customers. With approximately 144,000 self-mined
Bitcoin miners in operations, constituting nearly 69% of the total miner count,
the company had a self-mining hash rate of 15 EH/s in June.

Co-location agreement is
a form of contract recently entered by Core Scientific with its customers.
These agreements allow the company to receive a portion of Bitcoin belønninger
generated from co-located miners after covering some of the mining costs.

Last December, Core
Scientific filed for konkurs protection following a downturn in the
cryptocurrency space. In the latest report, the company has indicated that it
aims to successfully emerge from this process in the fourth quarter.

Generelt
cryptocurrency miners have witnessed volatility amid the low prices of Bitcoin.
The plummeted by over 7% last month, reaching the lowest level in more than two
months at USD $26,000, Finance Magnates reported. This abrupt decline had a
profound impact on the market capitalization of publicly listed Bitcoin miners
and other digital asset firms, causing a 30% drop over the course of the month.

Crypto Mining Giants
Face Declining Market Valuation

Store spillere i
crypto mining industry, including Riot Platform and Marathon Digital Holdings,
were among the most affected, with their marked
valuation declining by
$1.1 billion (31%) and $800 million (25%), respectively. Other prominent
players, such as Canaan, Hut 8 Mining, and Cipher Mining Technology, also
witnessed significant losses in their market shares.

Kilde: AltIndex

Data fra Glassnode
showed that Bitcoin miners’ revenues hit their lowest in a month, hovering just
below USD $170 million. Faced with this situation, miners were presented with a
difficult choice: selling their Bitcoin reserves to cover operational expenses
or reducing profits during the challenging period.

In
light of these challenges, Finansiering
Stormænd rapporterede, at
cryptocurrency miners were turning to alternative avenues for income
generation, med
kunstig intelligens (AI) smergel
as an attractive option. Their reserves of cryptocurrencies have provided the
resources necessary to invest in AI.

The cryptocurrency mining company Core Scientific has
released its production and operations update for August, highlighting 206,000
owned and co-located Bitcoin miners. The company managed to produce 965
self-mined Bitcoins and an estimated 403 Bitcoins from co-located miners.

Comparatively, in July,
Core Scientific operated 210,000 owned and co-located Bitcoin miners. During
this period, the company successfully produced 1,022 self-mined Bitcoins, with
an additional 493 Bitcoins generated from co-located customers. According to
the company’s report, Core Scientific posted a potential rate of 22.2 EH/s at
its data center facilities in Georgia, Kentucky, North Carolina, North Dakota,
og Texas.

Similarly, in June, Core
Scientific maintained its 210,000 owned and co-located Bitcoin miners. During
this month, the company generated 1,030 self-mined Bitcoins and an additional
508 Bitcoins for co-location customers. With approximately 144,000 self-mined
Bitcoin miners in operations, constituting nearly 69% of the total miner count,
the company had a self-mining hash rate of 15 EH/s in June.

Co-location agreement is
a form of contract recently entered by Core Scientific with its customers.
These agreements allow the company to receive a portion of Bitcoin belønninger
generated from co-located miners after covering some of the mining costs.

Last December, Core
Scientific filed for konkurs protection following a downturn in the
cryptocurrency space. In the latest report, the company has indicated that it
aims to successfully emerge from this process in the fourth quarter.

Generelt
cryptocurrency miners have witnessed volatility amid the low prices of Bitcoin.
The plummeted by over 7% last month, reaching the lowest level in more than two
months at USD $26,000, Finance Magnates reported. This abrupt decline had a
profound impact on the market capitalization of publicly listed Bitcoin miners
and other digital asset firms, causing a 30% drop over the course of the month.

Crypto Mining Giants
Face Declining Market Valuation

Store spillere i
crypto mining industry, including Riot Platform and Marathon Digital Holdings,
were among the most affected, with their marked
valuation declining by
$1.1 billion (31%) and $800 million (25%), respectively. Other prominent
players, such as Canaan, Hut 8 Mining, and Cipher Mining Technology, also
witnessed significant losses in their market shares.

Kilde: AltIndex

Data fra Glassnode
showed that Bitcoin miners’ revenues hit their lowest in a month, hovering just
below USD $170 million. Faced with this situation, miners were presented with a
difficult choice: selling their Bitcoin reserves to cover operational expenses
or reducing profits during the challenging period.

In
light of these challenges, Finansiering
Stormænd rapporterede, at
cryptocurrency miners were turning to alternative avenues for income
generation, med
kunstig intelligens (AI) smergel
as an attractive option. Their reserves of cryptocurrencies have provided the
resources necessary to invest in AI.

Tidsstempel:

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