Summary by Moomoo AI
Core Scientific earned 447 self-mined bitcoin in May 2024, while its hosting customers generated 128 bitcoin. The company operated approximately 219,000 bitcoin miners across seven data centers, maintaining a total energized hash rate of 26.1 EH/s. Self-mining operations accounted for 20.4 EH/s with 173,000 owned miners, while hosting services supported 46,000 customer-owned miners.The company announced a significant expansion into AI computing through new long-term hosting contracts with CoreWeave for 200 megawatts of HPC infrastructure, expected to generate $3.5 billion in revenue over 12 years. Core Scientific is also in discussions to modify an additional 300 megawatts for HPC hosting to capitalize on AI compute demand.In May, the company implemented post-halving optimization strategies, selling 453 bitcoin for approximately $29.4 million and providing 26,328 megawatt hours to grid partners through strategic curtailment based on miner efficiency, hash price, and power costs.
