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International Business Times
International Business Times
Business
Marvie Basilan

Once Bankrupt Core Scientific Mines $1.4B Worth Bitcoin In 2023

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

KEY POINTS

  • CEO Sullivan said the crypto miner has now emerged as a "stronger, more focused" firm
  • Core Scientific filed bankruptcy in 2022 with only 24 Bitcoin holdings as BTC prices plunged to $16,000
  • The company said it now looks to expand its mining capacity by 50% in the next 4 years

Blockchain and AI infrastructure company Core Scientific announced Tuesday that it mined over 19,000 Bitcoin in 2023, following its rise from bankruptcy earlier this year.

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