Bitcoin Miner Cre Scientific Listed on Nasdaq

On January 21, Bitcoin mining company Core Scientific was officially listed on the Nasdaq Stock Exchange on January 20, and its stock and warrant codes were "CORZ" and "CORZW" respectively.

Previously, Core Scientific completed its merger with Power & Digital Infrastructure Acquisition Corp. ("XPDI") through a SPAC.

It is understood that Core Scientific is a net carbon neutral blockchain infrastructure provider, with more than 50% of its electricity coming from non-carbon sources from local suppliers. In 2021, the company reported that it operates around 67,000 ASIC miners with a computing power of 6.6 EH/s.

In addition to operating a bitcoin mining business, Core Scientific earns up to half of its revenue from providing bitcoin mining services and mining infrastructure setup services to other institutional miners.

The company reportedly operates over 80,000 ASIC miners (6.9 EH/s hashrate) for escrow clients. At the end of last year, its total computing power reached 13.5 EH/s. Core Scientific holds more than 5,300 bitcoins on its balance sheet.