$BTC Bitcoin mining firm Core Scientific mined $812M worth of BTC in 2023

Core Scientific, which filed its Chapter 11 bankruptcy plan in June 2023, emerged from bankruptcy on Jan. 27 and relisted its stock on the Nasdaq.

Core Scientific became North America’s largest publicly listed crypto mining company in 2023 after mining 19,274 Bitcoin worth $812 million.

In an X post on Jan. 31, the Bitcoin 

 mining giant revealed that it mined 13,762 Bitcoin across its data centers in the United States states of Georgia, Kentucky, North Carolina, North Dakota and Texas, while its customers and clients mined a total of 5,512 BTC in 2023, making it the largest Bitcoin miner in North America. The firm operates approximately 209,000 owned and co-located Bitcoin miners, with a total energized hash rate of 23.2 exahashes per second at its data centers in 2023.

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The company also shared its yearly mining report, revealing reduced power consumption at its data centers. It delivered 480 megawatt hours to local grid partners in December 2023 and more than 131,000 megawatt-hours to local grid partners throughout 2023.

Bitcoin mining is the process of solving complex computational or mathematical problems as part of performing proof-of-work, which verifies and adds new blocks to the Bitcoin blockchain. The mining process uses hardware and software to generate a cryptographic hash matching the transaction hash criteria. Miners who verify transactions receive BTC as a reward for each mined block. Currently, the BTC reward per block is 6.25 BTC.

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