Welcome to our dedicated page for Core Scientific news (Ticker: CORZQ), a resource for investors and traders seeking the latest updates and insights on Core Scientific stock.
Core Scientific, Inc. (CORZQ) drives innovation in AI infrastructure and blockchain technology, shaping the future of digital assets. This page aggregates official announcements, financial updates, and strategic developments from one of the industry's most influential infrastructure providers.
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Ault Alliance, Inc. has expanded its collaboration with Core Scientific, increasing its Bitcoin mining capacity. The amended agreement allows the company’s subsidiary, BitNile, Inc., to operate 10,000 S19j Pro miners at Core Scientific’s facilities starting May 1, 2023. This expansion will enable Ault Alliance to operate a total of approximately 19,100 miners, generating a hash rate of 2.1 Exahash per second.
With current Bitcoin prices around $28,400 and mining difficulty at 48.71 trillion, Ault Alliance estimates that annualized revenue could approach $60 million. The company emphasizes that this estimate is contingent on various market factors, including Bitcoin prices and mining difficulty fluctuations.
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