Core Scientific ( NASDAQ: CORZ ) has mined 1,106 bitcoins ( BTC-USD ) in June, drifting down 2.8% from May, according to its monthly update .
Still, it mined an average of 36.9 bitcoins ( BTC-USD ) per day, a slight increase from 36.7 in the previous month.
Also, the bitcoin ( BTC-USD ) miner in June sold 7,202 bitcoins at an average price of approximately $23K per token for total proceeds of ~$167M. The proceeds were use to pay for ASIC servers, capital investments in additional data center capacity and scheduled repayment of debt.
The company held 1,959 bitcoins ( BTC-USD ) and ~$132M in cash on its balance sheet as of June 30, it said.
Furthermore, Core Scientific ( CORZ ) operated over 180K ASIC servers representing 17.9 exahash per second (EH/s).
While “our industry is enduring tremendous stress as capital markets have weakened," the company continues to "believe that we will be operating in excess of 30 EH/s in our data centers by year end 2022," said Core Scientific CEO Mike Levitt.
Note that Core Scientific ( CORZ ) is expected to release its Q2 earnings results and hold its conference call on August 11.
Previously, (June 6) Core Scientific produced 1,138 bitcoins in May .
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Core Scientific bitcoin production slips 2.8% in June