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International Business Times
International Business Times
Business
Marvie Basilan

Bankruptcy Survivor Core Scientific Self-Mines $175M Worth Of Bitcoin In Q1

Core Scientific CORE Bitcoin Adam Sullivan Celsius Warren Crypto Mining FTX Nasdaq
Core Scientific relisted in the Nasdaq earlier this year after its reorganization was approved. (Credit: Core Scientific website/Screenshot)

KEY POINTS

  • The Bitcoin miner self-mined 2,825 BTC in Q1 and saw total revenues of $179.3 million
  • Core CEO Sullivan noted improving mining fleet efficiency helped drive Q1 growth
  • Core filed for bankruptcy late in 2022 amid the crypto winter triggered by FTX's collapse

Bitcoin miner Core Scientific has released its first quarter 2024 earnings report, and it came with some significant highlights, including over 2,000 Bitcoin (BTC) it self-mined and a jump in revenue compared to Q1 2023.

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