Core Scientific Performance Update
Despite a slight decline in production, Core Scientific remains optimistic about its business future. The company is focusing on migrating miners to dedicated sites and enhancing infrastructure for high hosting performance computing services. Core Scientific also plans to integrate Block’s new 3-nanometer ASIC chip next year, which is expected to drive significant miner refresh and hash rate growth.
Post Bankruptcy Resilience
Following a challenging period that led to a bankruptcy declaration in 2022, Core Scientific has successfully navigated its way back. The company resumed trading on the Nasdaq after avoiding closure, signaling its resilience. Core Scientific continues to operate a strong fleet of ASIC rigs and aims to expand its mining capacity by over 50% by 2028.
