Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC)in July though the mining firm reported it “completely powered down its Texas data center operations on several occasions” in July to support the state’s power grid operator.
CORE Scientific claimed in a Friday announcement that its month-over-month Bitcoin production had increased from 1,106 in June to 1,221 in July — roughly 10.4%. The firm at a time reported curtailing operations “due to extreme temperatures at multiple data centers,” and increased the number of itself-mining servers and hashrate by 6%, to 109,000 and 10.9 exahashes per second (EH/s), respectively.
Core Scientific stated that the company “completely powered down its Texas data center operations on several occasions” in July to support the Electric Reliability Council of Texas, or ERCOT, which controls the state’s power grid. The firm reported curtailing its power demands by 8,157 megawatt-hours (MWh).
The temperatures reported over 100 degrees Fahrenheit in July in many parts of Texas consecutively, with ERCOT having predicted demand for electricity could have beat the available supply. Riot Blockchain, reported a 24% drop in its BTC production from June to July, from 421 to 318. The CEO Jason Les claimed the firm curtailed operations by 11,717 MWh.
Core Scientific CEO Mike Levitt stated in July that the firm wanted to expand its data center hosting capacity by 75 MW, aiming to have a hash rate of 30 EH/s by the end of 2022. As of July 31, the company reported it held 1,205 BTC worth roughly $28 million at the time of publication while selling more than 7000 BTC for $167 million in June and 1,975 BTC for $44 million in July.
The mining firm will release its earnings report from the second quarter of 2022 on Aug. 11.
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