Core Scientific

Core Scientific has deployed over 700,000 miners from nearly every manufacturer. We have also built or converted over 800 MW of operating infrastructure. Our decisions are backed by YEARS of hard data. Check out Chief Development Officer Russell Cann unpacking our process for deciding which #bitcoin miners to run in our data centers and how we select our sites. You can watch the full The Bitcoin Conference panel here: https://bit.ly/3Z2E2RZ

Core Scientific CEO Adam Sullivan had a great conversation with BNN Bloomberg this morning. You can watch the full interview here: https://lnkd.in/gN4ZBdyY

What’s one word that sums up 2024 so far for Core Scientific? Execution

Continuing our weekly recognition of teammates who have been with Core Scientific for over a year, this week we’d like to give a shout-out to our team in Grand Forks, North Dakota! Jennifer- Data Center Technician Abdifatah- Data Center Technician Justin- Data Center Technician November- Data Center Technician Bharani- Network Engineer Zack- Hardware Repair Technician Cherry- Hardware Repair Technician Marty- Shipping & Rec Specialist Hunter- Mining Ops Manager

Core Scientific on-site teams have been hard at work over the last couple of months, pulling units down from our #HPC designated data centers and redeploying them into our #Bitcoin designated data centers in preparation for #HPC conversion!

Don't miss Core Scientific CEO Adam Sullivan explaining why #HPC is attractive to local regulators, the power challenges of converting a #Bitcoin mining data center into an HPC data center, and the importance of establishing strong relationships with local utilities. You can watch the full The Bitcoin Conference panel here: https://bit.ly/3WZos7i

Block's 3nm ASIC mining chip gives us the ability to design our own hashboards and chassis allowing us to: -Eliminate excess electrical infrastructure in place to support current ASICs -Lower the amount of control boards, power supply units, etc. that we purchase -Replace bad hashboards instead of entire machines -Lower logistics costs -Design chassis that are tailor-made to our needs Check out CEO Adam Sullivan breaking down how our deal with Block is driving change in the #Bitcoin mining industry to Anthony Power and Bryce McNallie on Power Mining Analysis! You can watch the full interview here: https://bit.ly/46Ukl0I

Core Scientific Strengthens Balance Sheet and Supports Growth Plans with Proceeds from Recent Convertible Notes Offering -Repays $267 million in debt, reducing interest rate from approximately 12.5% to 3% -Removes restrictive covenants associated with certain notes -Increases cash on hand to fund site acquisitions for HPC hosting growth “With this transaction completed, we are moving forward with additional financial flexibility to invest in the continued expansion of our HPC hosting capacity while strengthening our bitcoin mining business." CEO Adam Sullivan Check out full press release here: https://bit.ly/4ds6nWr

What sets Core Scientific apart? We do not rely on third parties to design, develop, and manage our #HPC or #Bitcoin mining data centers. Our team is made up of traditional data center industry experts, enabling us to handle all aspects of design, development, and management internally.

The Future of Compute w/ Frank Holmes, Adam Sullivan, Nazar Khan & Nishant Sharma https://lnkd.in/gHsi6bNd