.Core_Scientific sold 7,202 $BTC in June at an average price of $23,000. CEO MikeJLevitt says the company is working on strengthening its balance sheet and enhance liquidity 'to meet this challenging environment.'
The company said proceeds from the sales were mainly used for payments toward ASIC servers, capital investments in additional data-center capacity and debt repayments. Core said it will continue to sell self-mined bitcoins to pay operating expenses, fund growth, retire debt and maintain liquidity.
“We are working to strengthen our balance sheet and enhance liquidity to meet this challenging environment, and continue to believe that we will be operating in excess of 30 EH/s in our data centers by year-end 2022,” CEO Mike Levitt said in a statement. “We remain focused on executing our plan, while taking advantage of distressed opportunities that may arise.”
Core Scientific’s operations produced 1,106 bitcoins in June, about 36.9 bitcoins a day, slightly higher than in May. Bitcoin production was helped by server deployments in June, but production advances were limited by a “substantial increase in curtailment activity,” Core said in its update. Daily production rose by about 14% during the month.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dodge sold one new Viper between April-June of this year | Car News | Auto123The last new Dodge Viper to come off a production line was in 2017, but Dodge still managed to sell a new one this past spring! Auto123 has more.
Read more »
Comparison on Core Elements of Major Public Chains | HackerNoonIn this story, we will focus on public chains, and make a comparison of key elements of public chains.
Read more »
Emmanuel Clase closes June on a hot streak, earns AL Reliever of the Month: Guardians takeawaysICYMI: congratulations are in order! Clase posted a scoreless month with 16 strikeouts in 15 appearances.
Read more »
‘Top Gun: Maverick’ Leads as U.K. June Box Office Soars to $116 MillionThe total U.K. and Ireland box office for June 2022 was £95.7 million ($116 million), according to numbers released by Comscore. May holdover “Top Gun: Maverick” was the top film of the…
Read more »
Tesla Sets Vehicle Production Record In JuneTesla reported second quarter vehicle production and delivery numbers on Saturday. The trend of quarter-over-quarter growth finally got broken and year-over-year growth was minimal due to certain supply chain and factory uptime challenges. However, one
Read more »
NFT June Sales Down to 12-Month Lows Amid Ongoing Bear Market (Report) After Braving Bear Market, NFT June Sales Down to A 12-Month Low (Report)Recording a whopping $42 billion in sales, NFT trade has been more robust in 2022 so far, compared to the blockbuster 2021
Read more »