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Core Scientific, Inc. (OTC: CORZQ) reported operational updates for March 2023, revealing that it operated approximately 207,000 bitcoin miners, achieving a total hash rate of 21.8 EH/s. The self-mining operations produced 1,410 bitcoin, mainly from 155,000 miners, while colocation services contributed 474 bitcoin from about 52,000 customer-owned miners. In efforts to support the electrical grid, the company curtailed operations, totaling 10,916 megawatt hours in March. Core Scientific continues to lead in blockchain computing in North America, enhancing its data center capabilities.
Ault Alliance, Inc. (NYSE American: AULT) has announced a strategic collaboration between its subsidiary, BitNile, Inc. (BNI), and Core Scientific, Inc. (OTC: CORZQ), focusing on Bitcoin mining operations. This partnership will enable BNI to deploy 3,000 S19j Pro miners at Core Scientific’s facilities starting in April 2023. Core Scientific will provide BNI with exclusive mining capabilities, enhancing operational efficiency and profitability. Milton Ault III, Executive Chairman, expressed optimism about leveraging Core Scientific’s expertise to grow their presence in the Bitcoin mining sector, aiming to deliver long-term value to shareholders.
Core Scientific, Inc. (OTC: CORZQ) has released its operations update for February 2023, reporting approximately 213,000 bitcoin miners with a potential hash rate of 22.3 EH/s across various states. The company self-mined 1,362 bitcoin and facilitated the production of 403 bitcoin for colocation customers. Despite curtailments totaling 6,580 megawatt hours aimed at enhancing grid stability, Core Scientific continues to serve as a significant player in the blockchain computing sector. The firm operates data centers across several states in North America, leveraging its proprietary technology to optimize miner management.
Trinity Capital reported strong financial performance for Q4 and FY 2022. Total investment income increased by 75.8% YoY to $41.5 million in Q4, and net investment income rose 103.8% YoY to $21.6 million, or $0.62 per share. The company declared a dividend of $0.61 per share, supported by a 135% coverage ratio from NII. Despite a decrease in net asset value (NAV) to $13.15, Trinity maintained a robust investment portfolio valued at $1.09 billion. The company achieved a record $975.5 million in new commitments throughout the year. However, unrealized depreciation of $13.6 million and net realized losses of $9.6 million were noted, primarily affecting two portfolio companies.
Trinity Capital reported strong financial results for Q4 and the full year 2022, highlighting a 75.8% increase in total investment income to $41.5 million. Net investment income surged by 103.8% to $21.6 million, equating to $0.62 per share. Total gross investments funded reached $120.8 million, with aggregate commitments totaling $239.5 million. Despite a decrease in net asset value per share from $13.74 to $13.15, the company declared a dividend of $0.61, supported by a coverage ratio of 135%. Notably, net realized losses were reported at $9.6 million, mainly due to two portfolio companies. Overall, Trinity's strong originations and strategic growth initiatives position it favorably for 2023.
Core Scientific, Inc. (OTC: CORZQ) announced operational updates for January 2023, revealing it operated approximately 206,000 ASIC servers, yielding a total hashrate of 21.1 EH/s. The company self-mined 1,527 bitcoins, representing approximately 80% of its server capacity with 166,000 servers dedicated to self-mining operations. Additionally, Core Scientific provided colocation services for about 40,000 customer-owned ASIC servers, which produced 471 bitcoins. The company reported grid curtailments totaling 10,061 megawatt hours during January, emphasizing its commitment to grid stability. This information aims to offer shareholders insight into the company’s performance and operational capacity.
Core Scientific, Inc. (OTC: CORZQ) provided operational updates for November and December 2022, operating approximately 243,000 and 234,000 ASIC servers, resulting in a total hashrate of 24.4 EH/s and 23.7 EH/s, respectively. The company produced 1,356 and 1,435 self-mined bitcoin in these months and offered colocation services for an additional 795 and 931 bitcoin. However, significant power curtailments of 5,828 and 17,179 megawatt hours occurred in November and December, impacting operations and grid stability.