Scientific

Core Scientific Sees Revenue Surge in 1Q24 Post-Bankruptcy Emergence

Core Scientific Sees Revenue Surge in 1Q24 Post-Bankruptcy Emergence

The leader in Bitcoin mining has announced its financial performance for the first quarter of 2024, revealing an improvement since its emergence from bankruptcy. The company reported a net income of $210.7 million compared to a net loss of $0.4 million for the same period in 2023. Core Scientific’s Q1 Results Total revenue surged to […]

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Core Scientific CEO Discusses Bitcoin Halving’s Impact on Mining

Core Scientific CEO Discusses Bitcoin Halving’s Impact on Mining

Last updated: April 9, 2024 02:47 EDT | 4 min read Bitcoin halving, a critical event for the network and the cryptocurrency market, particularly impacts the mining sector by reducing the Bitcoin reward by half. This fourth halving, anticipated to occur around April 19, will cut the block reward from 6.25 to 3.125 BTC. This

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